PDC Energy Inc (PDCE) CEO Sells $78,120.00 in Stock

PDC Energy Inc (NASDAQ:PDCE) CEO Barton R. Brookman, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.08, for a total value of $78,120.00. Following the sale, the chief executive officer now owns 168,101 shares in the company, valued at approximately $8,754,700.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PDC Energy Inc (NASDAQ PDCE) traded up $1.31 on Tuesday, reaching $52.85. The company had a trading volume of 706,180 shares, compared to its average volume of 687,250. The company has a market capitalization of $3,395.08, a PE ratio of -13.02 and a beta of 0.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. PDC Energy Inc has a 1-year low of $36.74 and a 1-year high of $78.61.

Several research firms have issued reports on PDCE. Williams Capital increased their target price on PDC Energy from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus increased their target price on PDC Energy from $69.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group began coverage on PDC Energy in a research report on Monday, October 9th. They set a “buy” rating and a $60.00 target price on the stock. Credit Suisse Group began coverage on PDC Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $51.00 target price on the stock. Finally, Mizuho restated a “buy” rating and set a $55.00 target price on shares of PDC Energy in a research report on Friday, October 27th. Ten equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. PDC Energy has an average rating of “Buy” and an average price target of $66.60.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PDC Energy by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after acquiring an additional 209 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in PDC Energy by 24.0% in the second quarter. Ameritas Investment Partners Inc. now owns 5,805 shares of the energy producer’s stock valued at $250,000 after acquiring an additional 1,123 shares during the last quarter. Moody Aldrich Partners LLC increased its stake in PDC Energy by 14.9% in the third quarter. Moody Aldrich Partners LLC now owns 8,741 shares of the energy producer’s stock valued at $429,000 after acquiring an additional 1,136 shares during the last quarter. Flinton Capital Management LLC increased its stake in PDC Energy by 67.0% in the second quarter. Flinton Capital Management LLC now owns 2,912 shares of the energy producer’s stock valued at $126,000 after acquiring an additional 1,168 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in PDC Energy by 19.3% in the second quarter. Pacer Advisors Inc. now owns 7,670 shares of the energy producer’s stock valued at $331,000 after acquiring an additional 1,240 shares during the last quarter.

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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.

Insider Buying and Selling by Quarter for PDC Energy (NASDAQ:PDCE)

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