PDC Energy Inc (PDCE) to Post Q2 2018 Earnings of $0.67 Per Share, Capital One Financial Forecasts

PDC Energy Inc (NASDAQ:PDCE) – Investment analysts at Capital One Financial issued their Q2 2018 earnings per share estimates for PDC Energy in a report issued on Wednesday. Capital One Financial analyst B. Velie anticipates that the energy producer will post earnings of $0.67 per share for the quarter. Capital One Financial also issued estimates for PDC Energy’s Q3 2018 earnings at $0.79 EPS and Q4 2018 earnings at $0.90 EPS.

PDCE has been the subject of a number of other research reports. Williams Capital dropped their target price on shares of PDC Energy from $64.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. BidaskClub raised shares of PDC Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Stifel Nicolaus lowered their price target on shares of PDC Energy from $83.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 13th. Wolfe Research assumed coverage on shares of PDC Energy in a research report on Tuesday, November 14th. They set a “market perform” rating on the stock. Finally, KeyCorp set a $65.00 price target on shares of PDC Energy and gave the company a “buy” rating in a research report on Sunday, January 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. PDC Energy has a consensus rating of “Hold” and an average price target of $67.05.

Shares of PDC Energy (NASDAQ PDCE) opened at $46.55 on Monday. PDC Energy has a 1-year low of $36.74 and a 1-year high of $74.00. The stock has a market cap of $3,070.00, a price-to-earnings ratio of -11.47 and a beta of 0.68. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC lifted its position 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 valued at $126,000 after buying an additional 1,168 shares during the last quarter. MHI Funds LLC acquired a new stake in shares of PDC Energy during the fourth quarter worth about $138,000. First Mercantile Trust Co. lifted its position in shares of PDC Energy by 93.3% during the fourth quarter. First Mercantile Trust Co. now owns 2,900 shares of the energy producer’s stock worth $149,000 after purchasing an additional 1,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PDC Energy by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the energy producer’s stock worth $185,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Connable Office Inc. acquired a new stake in shares of PDC Energy during the third quarter worth about $202,000.

In other PDC Energy news, Director Jeffrey C. Swoveland sold 1,700 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.83, for a total value of $94,911.00. Following the transaction, the director now owns 21,519 shares of the company’s stock, valued at $1,201,405.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Scott J. Reasoner sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.83, for a total transaction of $55,830.00. Following the completion of the transaction, the chief operating officer now directly owns 62,338 shares in the company, valued at approximately $3,480,330.54. The disclosure for this sale can be found here. Insiders sold 7,200 shares of company stock worth $386,751 in the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

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PDC Energy Company Profile

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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