Wall Street analysts forecast that PDC Energy Inc (NASDAQ:PDCE) will announce earnings of $0.75 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for PDC Energy’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.95. PDC Energy reported earnings of $0.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 212.5%. The business is expected to issue its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that PDC Energy will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.64 to $1.83. For the next financial year, analysts anticipate that the firm will post earnings of $3.88 per share, with EPS estimates ranging from $2.54 to $4.96. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow PDC Energy.

PDC Energy (NASDAQ:PDCE) last posted its quarterly earnings results on Monday, November 5th. The energy producer reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.11). The company had revenue of $280.70 million during the quarter, compared to the consensus estimate of $337.69 million. PDC Energy had a positive return on equity of 3.64% and a negative net margin of 10.52%. The company’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.85) earnings per share.

PDCE has been the topic of a number of research analyst reports. Williams Capital set a $77.00 price target on shares of PDC Energy and gave the stock a “buy” rating in a report on Tuesday, November 6th. BidaskClub cut shares of PDC Energy from a “hold” rating to a “sell” rating in a report on Friday, November 16th. TD Securities lowered their price objective on shares of PDC Energy from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Thursday, November 8th. Oppenheimer initiated coverage on shares of PDC Energy in a research note on Wednesday, October 3rd. They issued a “market perform” rating for the company. Finally, Zacks Investment Research raised shares of PDC Energy from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Saturday, November 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $69.05.

Shares of NASDAQ PDCE traded up $1.16 during mid-day trading on Friday, reaching $35.13. The company had a trading volume of 11,507 shares, compared to its average volume of 1,073,157. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.29 billion, a PE ratio of -10.05, a PEG ratio of 0.49 and a beta of 0.68. PDC Energy has a 52 week low of $32.93 and a 52 week high of $66.20.

In other PDC Energy news, insider Barton R. Brookman, Jr. sold 1,500 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $49.09, for a total transaction of $73,635.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott J. Reasoner sold 1,341 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $50.43, for a total transaction of $67,626.63. Following the sale, the chief operating officer now directly owns 73,379 shares of the company’s stock, valued at $3,700,502.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,541 shares of company stock valued at $312,151. Insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PDCE. Vanguard Group Inc. grew its stake in shares of PDC Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,571,551 shares of the energy producer’s stock worth $321,744,000 after purchasing an additional 137,366 shares during the period. Legal & General Group Plc grew its stake in shares of PDC Energy by 12.6% during the 3rd quarter. Legal & General Group Plc now owns 166,294 shares of the energy producer’s stock worth $8,131,000 after purchasing an additional 18,592 shares during the period. Lombard Odier Asset Management USA Corp grew its stake in shares of PDC Energy by 41.3% during the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 113,000 shares of the energy producer’s stock worth $5,532,000 after purchasing an additional 33,000 shares during the period. Equitable Trust Co. acquired a new stake in shares of PDC Energy during the 3rd quarter worth approximately $519,000. Finally, AQR Capital Management LLC grew its stake in shares of PDC Energy by 27.8% during the 3rd quarter. AQR Capital Management LLC now owns 78,954 shares of the energy producer’s stock worth $3,866,000 after purchasing an additional 17,162 shares during the period.

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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