Traders bought shares of PDC Energy, Inc. (NASDAQ:PDCE) on weakness during trading hours on Tuesday. $18.23 million flowed into the stock on the tick-up and $5.10 million flowed out of the stock on the tick-down, for a money net flow of $13.13 million into the stock. Of all stocks tracked, PDC Energy had the 16th highest net in-flow for the day. PDC Energy traded down ($0.18) for the day and closed at $44.86

A number of research firms have weighed in on PDCE. Barclays upped their target price on PDC Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. BMO Capital Markets set a $55.00 target price on PDC Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Wolfe Research began coverage on PDC Energy in a report on Tuesday, November 14th. They set a “market perform” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 target price (down previously from $82.00) on shares of PDC Energy in a report on Tuesday, November 7th. Finally, SunTrust Banks set a $55.00 target price on PDC Energy and gave the stock a “buy” rating in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. PDC Energy has an average rating of “Hold” and a consensus target price of $69.00.

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3,024.22, a P/E ratio of 117.72 and a beta of 0.82.

In related news, COO Scott J. Reasoner sold 1,000 shares of the company’s stock in a transaction that occurred on 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 accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PDCE. Teachers Advisors LLC lifted its position in PDC Energy by 3.5% in the 1st quarter. Teachers Advisors LLC now owns 105,212 shares of the energy producer’s stock valued at $6,560,000 after acquiring an additional 3,511 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of PDC Energy by 40.4% during the 2nd quarter. Aperio Group LLC now owns 21,933 shares of the energy producer’s stock valued at $946,000 after buying an additional 6,307 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings 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 valued at $569,000 after buying an additional 480 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of PDC Energy by 4.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 82,891 shares of the energy producer’s stock valued at $3,572,000 after buying an additional 3,671 shares during the period. Finally, Honkamp Krueger Financial Services Inc. lifted its holdings in shares of PDC Energy by 0.3% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 13,424 shares of the energy producer’s stock valued at $579,000 after buying an additional 40 shares during the period.

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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.

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