Equities research analysts expect that PDC Energy Inc (NASDAQ:PDCE) will report $336.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for PDC Energy’s earnings. The lowest sales estimate is $299.80 million and the highest is $374.00 million. PDC Energy posted sales of $260.60 million during the same quarter last year, which suggests a positive year over year growth rate of 29.2%. The company is expected to announce its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that PDC Energy will report full year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.32 billion to $1.55 billion. For the next year, analysts forecast that the company will post sales of $1.68 billion, with estimates ranging from $1.58 billion to $1.89 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover PDC Energy.

PDC Energy (NASDAQ:PDCE) last issued its quarterly earnings results on Wednesday, February 27th. The energy producer reported ($2.22) EPS for the quarter, missing the consensus estimate of $0.56 by ($2.78). PDC Energy had a negative return on equity of 3.09% and a net margin of 0.13%. The business had revenue of $386.40 million for the quarter, compared to analyst estimates of $360.91 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year.

PDCE has been the topic of several recent analyst reports. Wolfe Research lowered shares of PDC Energy from a “market perform” rating to an “underperform” rating in a research note on Monday, December 10th. BidaskClub raised shares of PDC Energy from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. set a $35.00 price objective on shares of PDC Energy and gave the stock a “buy” rating in a research note on Friday, January 25th. BMO Capital Markets raised shares of PDC Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Williams Capital reaffirmed a “buy” rating and issued a $55.00 price target on shares of PDC Energy in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. PDC Energy currently has an average rating of “Buy” and an average target price of $60.85.

PDC Energy stock traded down $0.17 during midday trading on Monday, hitting $40.38. 1,638,288 shares of the stock were exchanged, compared to its average volume of 1,227,055. PDC Energy has a 52 week low of $26.59 and a 52 week high of $66.20. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -13.64, a PEG ratio of 0.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.62 and a quick ratio of 0.62.

In other news, Director Anthony J. Crisafio sold 1,500 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $34.21, for a total value of $51,315.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Scott J. Reasoner sold 1,300 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $40.00, for a total transaction of $52,000.00. Following the completion of the sale, the chief operating officer now directly owns 91,827 shares in the company, valued at approximately $3,673,080. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in PDCE. Oregon Public Employees Retirement Fund bought a new stake in shares of PDC Energy in the fourth quarter worth $25,000. Dubuque Bank & Trust Co. bought a new stake in shares of PDC Energy in the fourth quarter worth $26,000. MHI Funds LLC bought a new stake in shares of PDC Energy in the fourth quarter worth $143,000. Teton Advisors Inc. lifted its position in shares of PDC Energy by 8.5% in the fourth quarter. Teton Advisors Inc. now owns 7,700 shares of the energy producer’s stock worth $229,000 after purchasing an additional 600 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of PDC Energy in the fourth quarter worth $251,000.

PDC Energy 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.

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

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