PDC Energy Inc (NASDAQ:PDCE) – Equities research analysts at Capital One Financial raised their Q4 2017 EPS estimates for shares of PDC Energy in a research note issued to investors on Tuesday. Capital One Financial analyst B. Velie now expects that the energy producer will post earnings of $0.14 per share for the quarter, up from their previous estimate of $0.05.

Other research analysts have also issued reports about the company. Mizuho reissued a “buy” rating and issued a $55.00 price objective on shares of PDC Energy in a research report on Friday, October 27th. Williams Capital raised their price objective on PDC Energy from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus raised their price objective on PDC Energy from $69.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Jefferies Group started coverage on PDC Energy in a research report on Monday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $55.00 price objective on shares of PDC Energy in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. PDC Energy currently has an average rating of “Hold” and an average price target of $68.18.

PDC Energy (PDCE) opened at $44.56 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. PDC Energy has a 52-week low of $36.74 and a 52-week high of $81.87. The company has a market capitalization of $2,990.63, a PE ratio of 116.41 and a beta of 0.80.

Several institutional investors have recently made changes to their positions in PDCE. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PDC Energy by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock worth $103,000 after purchasing an additional 209 shares in the last quarter. Seven Eight Capital LP acquired a new position in PDC Energy in the second quarter worth about $107,000. Flinton Capital Management LLC grew its stake in PDC Energy by 67.0% in the second 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 in the last quarter. Riverhead Capital Management LLC grew its stake in PDC Energy by 67.7% in the second quarter. Riverhead Capital Management LLC now owns 4,528 shares of the energy producer’s stock worth $195,000 after purchasing an additional 1,828 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in PDC Energy in the third quarter worth about $202,000.

In other news, COO Scott J. Reasoner sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $49.64, for a total transaction of $49,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

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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.

Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

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