The stock of PDC Energy Inc. (NASDAQ:PDCE) last traded at $70.63, down -1.88% from the previous session.
Data from the available sources indicates that PDC Energy Inc. (NASDAQ:PDCE) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $72.00, we find $85.00. Given the previous closing price of $71.98, this indicates a potential upside of 18.09 percent. PDCE stock price is now 9.67% away from the 50-day moving average and 7.37% away from the 200-day moving average. The market capitalization of the company currently stands at $6.16B.
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In total, 6 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $86.50 as their price target over the next twelve months.
In other news, Welling Troy M., CAO sold 1,200 shares of the company’s stock on May 17. The stock was sold for $76,044 at an average price of $63.37. Upon completion of the transaction, the CAO now directly owns 13,269 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, EVP, CFO Meyers R Scott sold 2,500 shares of the business’s stock. A total of $157,625 was realized by selling the stock at an average price of $63.05. This leaves the insider owning 159,910 shares of the company worth $11.29 million. Insiders disposed of 523,933 shares of company stock worth roughly $37.01 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PDCE stock. A new stake in PDC Energy Inc. shares was purchased by GOLDENTREE ASSET MANAGEMENT LP during the first quarter worth $71,076,000. ASSENAGON ASSET MANAGEMENT S.A. invested $11,312,000 in shares of PDCE during the first quarter. In the first quarter, DRW SECURITIES, LLC acquired a new stake in PDC Energy Inc. valued at approximately $2,048,000. BLACKSTONE INC. acquired a new stake in PDCE for approximately $1,241,000. INTEGRATED WEALTH CONCEPTS LLC purchased a new stake in PDCE valued at around $1,172,000 in the second quarter. In total, there are 493 active investors with 99.00% ownership of the company’s stock.
With an opening price of $70.85 on Thursday morning, PDC Energy Inc. (NASDAQ: PDCE) set off the trading day. During the past 12 months, PDC Energy Inc. has had a low of $51.20 and a high of $88.32. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.40, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $6.83B, which is based on a 3.01 price-to-earnings ratio, a 0.11 price-to-earnings-growth ratio, and a beta of 2.52. The fifty day moving average price for PDCE is $64.65 and a two-hundred day moving average price translates $66.17 for the stock.
The latest earnings results from PDC Energy Inc. (NASDAQ: PDCE) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.61, missing analysts’ expectations of $2.84 by -0.23. This compares to -$0.33 EPS in the same period last year. The net profit margin was 49.60% and return on equity was 56.90% for PDCE. The company reported revenue of $957.67 million for the quarter, compared to $316.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 202.63 percent. For the current quarter, analysts expect PDCE to generate $812.76M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2023. Investors who held shares on 03/02/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 2.27% percent yield. There was an ex-dividend date of 03/01/2023 for this dividend. In terms of dividend payout ratio, PDCE is presently at 5.50%.
PDC Energy Inc.(PDCE) Company Profile
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. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012. PDC Energy, Inc. was founded in 1969 and is headquartered in Denver, Colorado.
