PDC Energy, Inc. (NASDAQ:PDCE) – Research analysts at Seaport Global Securities dropped their Q3 2017 earnings estimates for shares of PDC Energy in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the energy producer will post earnings of ($0.02) per share for the quarter, down from their prior estimate of $0.01. Seaport Global Securities currently has a “Neutral” rating and a $46.00 target price on the stock. Seaport Global Securities also issued estimates for PDC Energy’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at $0.09 EPS, Q1 2018 earnings at ($0.20) EPS, Q2 2018 earnings at ($0.21) EPS, Q3 2018 earnings at ($0.12) EPS, Q4 2018 earnings at ($0.13) EPS and FY2018 earnings at ($0.66) EPS.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.20. PDC Energy had a return on equity of 0.53% and a net margin of 1.03%. The firm had revenue of $275.20 million for the quarter, compared to analysts’ expectations of $218.90 million. During the same period in the previous year, the firm earned ($0.11) EPS. The business’s quarterly revenue was up 1269.2% on a year-over-year basis.

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Several other research firms have also commented on PDCE. Zacks Investment Research lowered PDC Energy from a “buy” rating to a “hold” rating in a report on Friday, April 14th. Iberia Capital reaffirmed a “sector perform” rating and set a $65.00 target price on shares of PDC Energy in a report on Wednesday, April 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $82.00 target price on shares of PDC Energy in a report on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $82.00 target price on shares of PDC Energy in a report on Tuesday, April 25th. Finally, Williams Capital dropped their target price on PDC Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. PDC Energy has a consensus rating of “Hold” and a consensus price target of $71.86.

PDC Energy (PDCE) opened at 40.37 on Friday. PDC Energy has a 52-week low of $38.54 and a 52-week high of $84.88. The stock has a market capitalization of $2.66 billion, a PE ratio of 286.31 and a beta of 0.81. The stock’s 50 day moving average price is $44.00 and its 200-day moving average price is $56.69.

Several institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its position in PDC Energy by 19.8% in the first quarter. Flinton Capital Management LLC now owns 1,744 shares of the energy producer’s stock valued at $109,000 after buying an additional 288 shares during the period. Invictus RG increased its position in PDC Energy by 11.2% in the first quarter. Invictus RG now owns 2,151 shares of the energy producer’s stock valued at $134,000 after buying an additional 216 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PDC Energy by 42.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,186 shares of the energy producer’s stock valued at $136,000 after buying an additional 649 shares during the period. Dubuque Bank & Trust Co. purchased a new position in PDC Energy during the first quarter valued at $147,000. Finally, Meadow Creek Investment Management LLC increased its position in PDC Energy by 19.8% in the first quarter. Meadow Creek Investment Management LLC now owns 2,398 shares of the energy producer’s stock valued at $150,000 after buying an additional 396 shares during the period.

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.

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

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