PDC Energy Inc. (PDCE): 13 analysts rated it as Buy

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PDC Energy Inc. (NASDAQ:PDCE) changes shares on Tuesday trading session, with a change of 3.04% or $0.44 shares. The trading starts at $14.50 and closed at $14.48 throughout the day. The trading session low price was $14.25 and day high was $15.12 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.82 million while its average volume is 1.70M. In other hand, the PDCE market cap reached to $1.49B. While, its current target price is $21.71.

On March 27, 2020, BRIEF-PDC Energy Says CEO Barton Brookman’s FY 2019 Total Compensation Was $7.7 Mln vs ~$7.0 Mln In FY 2018 – SEC Filing. According to the news reported on Reuters, * PDC ENERGY INC SAYS CEO BARTON BROOKMAN’S FY 2019 TOTAL COMPENSATION WAS $7.7 MILLION VERSUS ABOUT $7.0 MILLION IN FY 2018 – SEC FILING

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.85% and up 7.96% for month. Its quarterly performance was 26.01% above, while its half year performance is down -33.27%. PDCE yearly performance stood at negative -42.92% and fall -42.99% for year-to-date. Current recommendation for PDC Energy Inc. is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. PDCE EPS (TTM) for 12-month is -3.99. EPS for this year is -853.00%, while for the next year its value is 0.99. Its EPS Q/Q reached -172.20%. It has an EPS of -18.20% down for past five years and for the next five years will be up 15.20%.

Let’s take a look on the analyst recommendations on PDCE for the current month and previous month. For the current month, 13 of 16 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $15.00 – $27.00. Average target price for PDCE was reached at $20.68.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in PDC Energy Inc. (PDCE) stock. On Mar 30, 2020, Blackrock Inc. has 15.0 million shares which valued 93.13 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 10.72 million shares which valued at 66.59 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 7.91 million shares which valued at 49.14 million. In the end, Dimensional Fund Advisors LP have 7.95% shares outstanding of PDC Energy Inc. (PDCE) on Mar 30, 2020. The insider ownership moved to 0.80% and institutional holding shifted to 83.44%.

The company posted an EPS (TTM) of -3.99. According to the most recent quarter report on (Jun 2020), 16 analysts estimated an average EPS of -0.21, while 0.34 EPS posted a year ago period. Analyst Estimated EPS for PDCE published in the report was -$0.54 – $0.02 during the same period. Comparing with last year, the average estimated EPS was 0.34 which is higher than -8.07 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for PDCE fall -12.97% for period of 200 days. SMA for 50 days was 5.76% which is showing green signal, while SMA-20 was 4.91%. The moving average value for PDC Energy Inc. (PDCE) is 14.08 and 13.97 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in PDCE stock. On May 13, SWOVELAND JEFFREY C, Director, bought 7,135 trading shares at the cost of $10.51, which valued at 74989.0. On Mar 03, Ellis Mark E, Director, bought 5,000 shares at the cost of $17.50, with total shares of 27,752. On Mar 02, Ellis Mark E, Director, bought 5,000 shares at the cost of 18.50. After this transaction, Ellis Mark E total shares reached to 22,752 which valued at 92500.0.