PDC Energy Inc (NASDAQ:PDCE) – Analysts at Seaport Global Securities issued their FY2017 EPS estimates for PDC Energy in a research note issued on Tuesday. Seaport Global Securities analyst M. Kelly expects that the energy producer will post earnings of ($3.63) per share for the year. Seaport Global Securities also issued estimates for PDC Energy’s Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.03 EPS.
Other analysts also recently issued research reports about the company. BMO Capital Markets reissued a “hold” rating and issued a $48.00 price target on shares of PDC Energy in a research note on Friday, September 1st. KeyCorp reissued a “buy” rating and issued a $50.00 price target on shares of PDC Energy in a research note on Tuesday, September 19th. Stifel Nicolaus set a $69.00 price target on PDC Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Jefferies Group started coverage on PDC Energy in a research note on Monday, October 9th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Barclays lifted their price target on PDC Energy from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. PDC Energy has a consensus rating of “Buy” and an average price target of $66.60.
In related news, COO Scott J. Reasoner sold 1,000 shares of PDC Energy stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $49.64, for a total value of $49,640.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its holdings in PDC Energy by 0.3% during the second 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PDC Energy by 9.6% during the second 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 during the period. Comerica Bank grew its holdings in PDC Energy by 1.4% during the second quarter. Comerica Bank now owns 66,958 shares of the energy producer’s stock worth $3,004,000 after purchasing an additional 895 shares during the period. Ameritas Investment Partners Inc. grew its holdings in PDC Energy by 24.0% during the second 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 during the period. Finally, Moody Aldrich Partners LLC grew its holdings in PDC Energy by 14.9% during the third quarter. Moody Aldrich Partners LLC now owns 8,741 shares of the energy producer’s stock worth $429,000 after purchasing an additional 1,136 shares during the period.
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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.
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