Lance Lauck Sells 1,500 Shares of PDC Energy Inc (PDCE) Stock

PDC Energy Inc (NASDAQ:PDCE) EVP Lance Lauck sold 1,500 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $53.40, for a total value of $80,100.00. Following the completion of the sale, the executive vice president now owns 91,917 shares in the company, valued at approximately $4,908,367.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PDC Energy Inc (NASDAQ:PDCE) opened at $55.65 on Friday. PDC Energy Inc has a 12-month low of $36.74 and a 12-month high of $78.61. The stock has a market capitalization of $3,670.00, a price-to-earnings ratio of -13.71 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90.

A number of hedge funds have recently modified their holdings of PDCE. Schwab Charles Investment Management Inc. boosted its position in PDC Energy by 6.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 293,037 shares of the energy producer’s stock valued at $12,633,000 after purchasing an additional 17,065 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in PDC Energy by 37.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 45,778 shares of the energy producer’s stock valued at $1,973,000 after purchasing an additional 12,572 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PDC Energy by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,395 shares of the energy producer’s stock valued at $103,000 after purchasing an additional 209 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in PDC Energy by 27.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 17,406 shares of the energy producer’s stock valued at $750,000 after purchasing an additional 3,779 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in PDC Energy by 34.5% during the second quarter. Alliancebernstein L.P. now owns 838,937 shares of the energy producer’s stock valued at $36,167,000 after purchasing an additional 215,130 shares in the last quarter.

A number of analysts have weighed in on PDCE shares. BidaskClub upgraded PDC Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Stifel Nicolaus set a $69.00 target price on PDC Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Barclays increased their target price on PDC Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. BMO Capital Markets set a $53.00 price target on PDC Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, SunTrust Banks set a $55.00 price target on PDC Energy and gave the stock a “buy” rating in a research report on Sunday, October 29th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.75.

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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.

Insider Buying and Selling by Quarter for PDC Energy (NASDAQ:PDCE)

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