PDC Energy Inc (NASDAQ:PDCE) – Analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for PDC Energy in a report issued on Tuesday. KeyCorp analyst D. Deckelbaum expects that the energy producer will post earnings of $0.75 per share for the quarter. KeyCorp has a “Buy” rating and a $55.00 price target on the stock. KeyCorp also issued estimates for PDC Energy’s Q2 2019 earnings at $0.89 EPS.
PDCE has been the subject of several other research reports. Williams Capital decreased their price target on shares of PDC Energy from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of PDC Energy in a research note on Monday, August 21st. Stifel Nicolaus decreased their price target on shares of PDC Energy from $83.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday. Wolfe Research assumed coverage on shares of PDC Energy in a research note on Tuesday, November 14th. They set a “market perform” rating for the company. Finally, Imperial Capital started coverage on shares of PDC Energy in a research note on Friday, August 18th. They set an “outperform” rating and a $66.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. PDC Energy has an average rating of “Hold” and a consensus price target of $68.18.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of PDC Energy by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock worth $103,000 after acquiring an additional 209 shares during the last quarter. Seven Eight Capital LP purchased a new position in PDC Energy in the 2nd quarter worth $107,000. Flinton Capital Management LLC raised its position in PDC Energy by 67.0% in the 2nd quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock worth $126,000 after purchasing an additional 1,168 shares during the period. Connable Office Inc. purchased a new position in PDC Energy in the 3rd quarter worth $202,000. Finally, World Asset Management Inc purchased a new position in PDC Energy in the 3rd quarter worth $216,000.
In other news, COO Scott J. Reasoner sold 1,000 shares of PDC Energy stock in a transaction on Monday, October 16th. The shares were sold at an average price of $49.64, for a total transaction of $49,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.
About PDC Energy
PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.
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