Segall Bryant & Hamill LLC raised its stake in PDC Energy Inc (NASDAQ:PDCE) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,701 shares of the energy producer’s stock after acquiring an additional 10,574 shares during the period. Segall Bryant & Hamill LLC owned 0.18% of PDC Energy worth $7,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PDCE. Rothschild Asset Management Inc. boosted its stake in PDC Energy by 44.8% in the second quarter. Rothschild Asset Management Inc. now owns 700,470 shares of the energy producer’s stock valued at $42,343,000 after acquiring an additional 216,876 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PDC Energy by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,483,300 shares of the energy producer’s stock valued at $219,816,000 after acquiring an additional 202,845 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in PDC Energy by 28.8% in the second quarter. Frontier Capital Management Co. LLC now owns 819,364 shares of the energy producer’s stock valued at $49,531,000 after acquiring an additional 183,041 shares in the last quarter. Victory Capital Management Inc. boosted its stake in PDC Energy by 4.3% in the second quarter. Victory Capital Management Inc. now owns 3,168,968 shares of the energy producer’s stock valued at $191,563,000 after acquiring an additional 129,431 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in PDC Energy by 205.7% in the first quarter. Millennium Management LLC now owns 181,768 shares of the energy producer’s stock valued at $8,912,000 after acquiring an additional 122,300 shares in the last quarter.

Shares of NASDAQ:PDCE opened at $51.17 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $3.41 billion, a P/E ratio of 55.43, a PEG ratio of 0.56 and a beta of 0.64. PDC Energy Inc has a 52 week low of $37.15 and a 52 week high of $66.20.

PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings data on Wednesday, August 8th. The energy producer reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The firm had revenue of $212.53 million during the quarter, compared to analyst estimates of $308.73 million. PDC Energy had a negative net margin of 43.37% and a positive return on equity of 2.52%. PDC Energy’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. sell-side analysts anticipate that PDC Energy Inc will post 2.39 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of PDC Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Williams Capital set a $82.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a research note on Thursday, August 9th. TD Securities set a $79.00 target price on shares of PDC Energy and gave the stock a “buy” rating in a research note on Thursday, August 9th. BMO Capital Markets set a $62.00 target price on shares of PDC Energy and gave the stock a “hold” rating in a research note on Sunday, August 12th. Finally, Johnson Rice upgraded shares of PDC Energy from an “accumulate” rating to a “buy” rating in a research note on Monday, May 14th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. PDC Energy currently has a consensus rating of “Buy” and a consensus target price of $72.42.

In related news, Director David C. Parke sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $53.03, for a total value of $31,818.00. Following the completion of the sale, the director now owns 13,341 shares in the company, valued at $707,473.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Barton R. Brookman, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $62.57, for a total transaction of $93,855.00. Following the completion of the sale, the insider now owns 205,026 shares of the company’s stock, valued at approximately $12,828,476.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,100 shares of company stock valued at $730,663. 1.00% of the stock is owned by insiders.

About PDC Energy

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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Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

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