PDC Energy (NASDAQ:PDCE) Sets New 52-Week Low at $25.78

PDC Energy Inc (NASDAQ:PDCE) shares reached a new 52-week low during trading on Monday . The company traded as low as $25.78 and last traded at $25.82, with a volume of 2768 shares traded. The stock had previously closed at $26.83.

A number of research firms have recently commented on PDCE. Williams Capital reissued a “buy” rating and issued a $61.00 price objective on shares of PDC Energy in a research note on Thursday, May 2nd. BMO Capital Markets downgraded PDC Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $50.00 to $38.00 in a research note on Thursday, July 11th. Imperial Capital reissued an “outperform” rating and issued a $68.00 price objective (up previously from $66.00) on shares of PDC Energy in a research note on Friday, May 3rd. ValuEngine raised PDC Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Cowen began coverage on PDC Energy in a research report on Tuesday, April 9th. They set an “outperform” rating and a $53.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.17.

The firm has a 50-day simple moving average of $31.80. The company has a market capitalization of $1.78 billion, a P/E ratio of -8.79, a price-to-earnings-growth ratio of 0.57 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.43 and a quick ratio of 0.43.

In other PDC Energy news, Director Mark E. Ellis purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $37.30 per share, with a total value of $373,000.00. Following the completion of the transaction, the director now owns 17,752 shares of the company’s stock, valued at $662,149.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new position in PDC Energy in the first quarter valued at about $63,000. Versant Capital Management Inc grew its stake in PDC Energy by 47.0% in the first quarter. Versant Capital Management Inc now owns 1,627 shares of the energy producer’s stock valued at $66,000 after purchasing an additional 520 shares in the last quarter. Pearl River Capital LLC purchased a new position in PDC Energy in the first quarter valued at about $92,000. Strs Ohio grew its stake in PDC Energy by 125.0% in the first quarter. Strs Ohio now owns 3,600 shares of the energy producer’s stock valued at $146,000 after purchasing an additional 2,000 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in PDC Energy in the first quarter valued at about $205,000.

PDC Energy Company Profile (NASDAQ:PDCE)

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. Its operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc in June 2012.

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