Dubuque Bank & Trust Co. boosted its position in PDC Energy, Inc. (NASDAQ:PDCE) by 38.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,262 shares of the energy producer’s stock after buying an additional 899 shares during the period. Dubuque Bank & Trust Co.’s holdings in PDC Energy were worth $141,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial For Lutherans raised its position in PDC Energy by 5.8% in the first quarter. Thrivent Financial For Lutherans now owns 31,760 shares of the energy producer’s stock valued at $1,980,000 after buying an additional 1,750 shares during the last quarter. Pacer Advisors Inc. raised its position in PDC Energy by 37.5% in the first quarter. Pacer Advisors Inc. now owns 6,430 shares of the energy producer’s stock valued at $401,000 after buying an additional 1,755 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in PDC Energy during the fourth quarter valued at $1,404,000. First National Bank of Omaha boosted its position in PDC Energy by 30.3% in the first quarter. First National Bank of Omaha now owns 14,588 shares of the energy producer’s stock valued at $910,000 after buying an additional 3,390 shares during the period. Finally, Prudential Financial Inc. boosted its position in PDC Energy by 0.5% in the first quarter. Prudential Financial Inc. now owns 96,434 shares of the energy producer’s stock valued at $6,013,000 after buying an additional 518 shares during the period.
PDC Energy, Inc. (NASDAQ PDCE) traded up 2.26% during trading on Friday, reaching $38.04. The company’s stock had a trading volume of 1,003,744 shares. The stock has a 50-day moving average price of $43.44 and a 200 day moving average price of $55.10. The company has a market cap of $2.49 billion, a PE ratio of 269.79 and a beta of 0.81. PDC Energy, Inc. has a 52-week low of $36.74 and a 52-week high of $84.88.
PDC Energy (NASDAQ:PDCE) last issued its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.20. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The firm had revenue of $275.20 million during the quarter, compared to analyst estimates of $218.90 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue was up 1269.2% compared to the same quarter last year. On average, analysts expect that PDC Energy, Inc. will post $0.15 EPS for the current year.
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Several research firms have recently weighed in on PDCE. Royal Bank Of Canada reiterated a “buy” rating and set a $82.00 price objective on shares of PDC Energy in a report on Tuesday, April 25th. Williams Capital set a $67.00 price objective on PDC Energy and gave the company a “buy” rating in a report on Tuesday, August 8th. Imperial Capital assumed coverage on PDC Energy in a research note on Friday. They issued an “outperform” rating and a $66.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $82.00 target price on shares of PDC Energy in a research note on Tuesday, April 25th. Finally, Barclays PLC restated a “buy” rating and issued a $80.00 target price (down previously from $89.00) on shares of PDC Energy in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.57.
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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