PDC Energy Inc (NASDAQ:PDCE) EVP Lance Lauck sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $53.40, for a total value of $80,100.00. Following the sale, the executive vice president now directly owns 91,917 shares in the company, valued at approximately $4,908,367.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of PDC Energy Inc (NASDAQ:PDCE) opened at $55.65 on Friday. 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 firm has a market capitalization of $3,670.00, a PE ratio of -13.71 and a beta of 0.79. PDC Energy Inc has a twelve month low of $36.74 and a twelve month high of $78.61.

A number of hedge funds and other institutional investors have recently modified their holdings of PDCE. Schwab Charles Investment Management Inc. raised its stake in shares of PDC Energy by 6.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 293,037 shares of the energy producer’s stock worth $12,633,000 after purchasing an additional 17,065 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of PDC Energy by 37.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 45,778 shares of the energy producer’s stock worth $1,973,000 after purchasing an additional 12,572 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PDC Energy by 9.6% in 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 last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of PDC Energy by 27.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 17,406 shares of the energy producer’s stock worth $750,000 after purchasing an additional 3,779 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of PDC Energy by 34.5% in the second quarter. Alliancebernstein L.P. now owns 838,937 shares of the energy producer’s stock worth $36,167,000 after purchasing an additional 215,130 shares during the last quarter.

A number of equities research analysts recently weighed in on the company. Williams Capital dropped their price objective on PDC Energy from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, December 12th. BidaskClub raised PDC Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Stifel Nicolaus dropped their price objective on PDC Energy from $83.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 13th. Wolfe Research assumed coverage on PDC Energy in a research report on Tuesday, November 14th. They set a “market perform” rating on the stock. Finally, KeyCorp reaffirmed a “buy” rating and set a $55.00 price objective on shares of PDC Energy in a research report on Tuesday, September 26th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.75.

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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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