PDC Energy Inc (PDCE) Forecasted to Post Q4 2017 Earnings of $0.14 Per Share

PDC Energy Inc (NASDAQ:PDCE) – Equities research analysts at Capital One Financial boosted their Q4 2017 earnings estimates for PDC Energy in a research report issued on Tuesday. Capital One Financial analyst B. Velie now anticipates that the energy producer will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.05.

PDCE has been the topic of a number of other reports. Williams Capital cut their target price on shares of PDC Energy from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of PDC Energy in a report on Monday, August 21st. BidaskClub raised shares of PDC Energy from a “sell” rating to a “hold” rating in a report on Friday. Stifel Nicolaus cut their target price on shares of PDC Energy from $83.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wolfe Research assumed coverage on shares of PDC Energy in a report on Tuesday, November 14th. They issued a “market perform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $67.62.

PDC Energy (PDCE) opened at $44.35 on Thursday. The company has a market cap of $2,922.78, a price-to-earnings ratio of 113.77 and a beta of 0.80. PDC Energy has a 1-year low of $36.74 and a 1-year high of $80.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System boosted its position in shares of PDC Energy by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 29,199 shares of the energy producer’s stock worth $1,259,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of PDC Energy by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock worth $103,000 after purchasing an additional 209 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of PDC Energy by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,200 shares of the energy producer’s stock worth $569,000 after purchasing an additional 480 shares in the last quarter. Comerica Bank boosted its position in shares of PDC Energy by 1.4% during the 2nd quarter. Comerica Bank now owns 66,958 shares of the energy producer’s stock worth $3,004,000 after purchasing an additional 895 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of PDC Energy by 24.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,805 shares of the energy producer’s stock worth $250,000 after purchasing an additional 1,123 shares in the last quarter.

In other PDC Energy news, COO Scott J. Reasoner sold 1,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $49.64, for a total transaction of $49,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by insiders.

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About PDC Energy

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.

Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

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