PDC Energy Inc (NASDAQ:PDCE) hit a new 52-week low during trading on Monday . The company traded as low as $39.76 and last traded at $40.28, with a volume of 1859728 shares. The stock had previously closed at $44.99.

A number of brokerages recently commented on PDCE. Zacks Investment Research cut PDC Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Stephens reissued a “buy” rating and issued a $78.00 target price on shares of PDC Energy in a research note on Thursday, July 26th. JPMorgan Chase & Co. boosted their target price on PDC Energy from $70.00 to $72.00 and gave the company a “$60.95” rating in a research note on Monday, July 23rd. Macquarie cut PDC Energy from an “outperform” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, August 7th. Finally, Jefferies Financial Group set a $86.00 target price on PDC Energy and gave the company a “buy” rating in a research note on Thursday, July 19th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $71.15.

The company has a debt-to-equity ratio of 0.53, a current ratio of 0.38 and a quick ratio of 0.36. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -11.57, a PEG ratio of 0.56 and a beta of 0.66.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Monday, November 5th. The energy producer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.11). The firm had revenue of $280.70 million for the quarter, compared to analyst estimates of $337.69 million. PDC Energy had a positive return on equity of 3.64% and a negative net margin of 10.52%. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the company earned ($3.85) earnings per share. On average, equities research analysts predict that PDC Energy Inc will post 1.91 EPS for the current fiscal year.

In other news, insider Barton R. Brookman, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $52.71, for a total transaction of $79,065.00. Following the completion of the transaction, the insider now directly owns 203,526 shares of the company’s stock, valued at $10,727,855.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lance Lauck sold 500 shares of the company’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $52.50, for a total value of $26,250.00. Following the transaction, the executive vice president now directly owns 94,728 shares of the company’s stock, valued at $4,973,220. The disclosure for this sale can be found here. Insiders have sold 11,941 shares of company stock valued at $619,665 over the last ninety days. 1.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of PDCE. Janney Montgomery Scott LLC bought a new stake in PDC Energy during the second quarter worth about $373,000. Quantitative Systematic Strategies LLC bought a new stake in PDC Energy during the second quarter worth about $914,000. Schwab Charles Investment Management Inc. raised its holdings in PDC Energy by 7.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 440,205 shares of the energy producer’s stock worth $26,611,000 after acquiring an additional 31,274 shares in the last quarter. FMR LLC raised its holdings in PDC Energy by 7.9% during the second quarter. FMR LLC now owns 3,385,504 shares of the energy producer’s stock worth $204,653,000 after acquiring an additional 246,713 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in PDC Energy by 72.8% during the third quarter. Frontier Capital Management Co. LLC now owns 1,416,006 shares of the energy producer’s stock worth $69,328,000 after acquiring an additional 596,642 shares in the last quarter.

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About PDC Energy (NASDAQ:PDCE)

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

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