PDC Energy Inc. (PDCE) VP Daniel Willson Amidon Sells 1,550 Shares of Stock
PDC Energy Inc. (NASDAQ:PDCE) VP Daniel Willson Amidon sold 1,550 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $70.02, for a total transaction of $108,531.00. Following the transaction, the vice president now owns 64,521 shares in the company, valued at $4,517,760.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Daniel Willson Amidon also recently made the following trade(s):
- On Tuesday, November 22nd, Daniel Willson Amidon sold 5,441 shares of PDC Energy stock. The stock was sold at an average price of $68.73, for a total transaction of $373,959.93.
PDC Energy Inc. (NASDAQ:PDCE) opened at 66.13 on Tuesday. The firm’s 50 day moving average price is $64.34 and its 200-day moving average price is $61.02. PDC Energy Inc. has a 12-month low of $42.67 and a 12-month high of $71.00. The company’s market capitalization is $3.69 billion.
PDC Energy (NASDAQ:PDCE) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.11. The business had revenue of $164 million for the quarter, compared to the consensus estimate of $178.12 million. PDC Energy had a negative net margin of 42.23% and a negative return on equity of 2.31%. The business’s revenue was down 29.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.89) EPS. On average, equities analysts anticipate that PDC Energy Inc. will post ($0.43) earnings per share for the current fiscal year.
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PDCE has been the subject of a number of research analyst reports. KLR Group reaffirmed a “buy” rating and set a $80.00 price objective (down from $87.00) on shares of PDC Energy in a research report on Monday, September 12th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $83.00 price objective on shares of PDC Energy in a research report on Thursday, August 25th. Royal Bank Of Canada lifted their price objective on shares of PDC Energy from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 10th. BMO Capital Markets cut shares of PDC Energy from an “outperform” rating to a “market perform” rating and set a $58.00 price objective for the company. in a research report on Monday, August 8th. Finally, Nomura reaffirmed a “hold” rating and set a $66.00 price objective on shares of PDC Energy in a research report on Monday, November 7th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. PDC Energy has a consensus rating of “Buy” and an average target price of $72.79.
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of PDC Energy by 304.1% in the first quarter. Renaissance Technologies LLC now owns 274,939 shares of the company’s stock worth $16,345,000 after buying an additional 206,900 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of PDC Energy during the second quarter worth $522,000. Emerald Acquisition Ltd. purchased a new position in shares of PDC Energy during the second quarter worth $2,307,000. Victory Capital Management Inc. purchased a new position in shares of PDC Energy during the second quarter worth $112,887,000. Finally, Moody Aldrich Partners LLC boosted its position in shares of PDC Energy by 149.9% in the second quarter. Moody Aldrich Partners LLC now owns 20,870 shares of the company’s stock worth $1,202,000 after buying an additional 12,520 shares in the last quarter.
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.
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