The Jeffrey C. Swoveland Sells 1,700 Shares of PDC Energy, Inc. (PDCE) Stock

The Jeffrey C. Swoveland Sells 1,700 Shares of PDC Energy, Inc. (PDCE) Stock

PDC Energy, Inc. (NASDAQ:PDCE) Chairman Jeffrey C. Swoveland sold 1,700 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $73.93, for a total transaction of $125,681.00. Following the transaction, the chairman now owns 20,906 shares of the company’s stock, valued at approximately $1,545,580.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PDC Energy, Inc. (NASDAQ:PDCE) traded down 0.90% during mid-day trading on Wednesday, hitting $73.90. 761,927 shares of the stock were exchanged. PDC Energy, Inc. has a 52 week low of $42.67 and a 52 week high of $84.88. The stock’s market cap is $4.12 billion. The company has a 50 day moving average price of $76.18 and a 200 day moving average price of $65.52.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. The company had revenue of $164 million for the quarter, compared to analyst estimates of $178.12 million. PDC Energy had a negative return on equity of 2.31% and a negative net margin of 42.23%. PDC Energy’s quarterly revenue was down 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.89) EPS. Analysts expect that PDC Energy, Inc. will post ($0.42) EPS for the current fiscal year.

A number of brokerages have commented on PDCE. Zacks Investment Research upgraded shares of PDC Energy from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Wednesday. Barclays PLC reiterated a “buy” rating and issued a $87.00 price target on shares of PDC Energy in a report on Tuesday, December 6th. Mizuho started coverage on shares of PDC Energy in a report on Wednesday, October 5th. They issued a “neutral” rating and a $69.00 price target for the company. Canaccord Genuity set a $77.00 price target on shares of PDC Energy and gave the company a “buy” rating in a report on Monday, December 5th. Finally, KLR Group downgraded shares of PDC Energy from a “buy” rating to an “accumulate” rating and set a $81.00 price target for the company. in a report on Monday, December 5th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $75.21.

A number of hedge funds have recently bought and sold shares of PDCE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PDC Energy by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,537 shares of the company’s stock valued at $103,000 after buying an additional 174 shares during the last quarter. LS Investment Advisors LLC increased its stake in PDC Energy by 2.2% in the third quarter. LS Investment Advisors LLC now owns 1,698 shares of the company’s stock valued at $114,000 after buying an additional 37 shares during the last quarter. First Mercantile Trust Co. increased its stake in PDC Energy by 61.7% in the third quarter. First Mercantile Trust Co. now owns 1,730 shares of the company’s stock valued at $116,000 after buying an additional 660 shares during the last quarter. Howe & Rusling Inc. increased its stake in PDC Energy by 10.4% in the second quarter. Howe & Rusling Inc. now owns 1,749 shares of the company’s stock valued at $101,000 after buying an additional 165 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its stake in PDC Energy by 27.8% in the third quarter. Integrated Investment Consultants LLC now owns 1,984 shares of the company’s stock valued at $128,000 after buying an additional 431 shares during 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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