PDC Energy (PDCE) SVP Daniel Willson Amidon Sells 8,045 Shares

PDC Energy (NASDAQ:PDCE) SVP Daniel Willson Amidon sold 8,045 shares of PDC Energy stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $63.07, for a total value of $507,398.15. Following the completion of the sale, the senior vice president now owns 58,566 shares in the company, valued at $3,693,757.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Daniel Willson Amidon also recently made the following trade(s):

  • On Friday, March 9th, Daniel Willson Amidon sold 9,114 shares of PDC Energy stock. The stock was sold at an average price of $53.88, for a total value of $491,062.32.

PDC Energy traded up $1.56, reaching $65.32, during trading hours on Monday, MarketBeat.com reports. 850,900 shares of the company traded hands, compared to its average volume of 1,001,560. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -18.77, a PEG ratio of 0.69 and a beta of 0.67. PDC Energy has a 1 year low of $36.74 and a 1 year high of $65.44. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings data on Monday, February 26th. The energy producer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $189.52 million during the quarter, compared to analysts’ expectations of $263.28 million. PDC Energy had a positive return on equity of 1.47% and a negative net margin of 19.50%. equities research analysts predict that PDC Energy will post 2.39 EPS for the current year.

PDCE has been the subject of a number of research analyst reports. KeyCorp set a $65.00 target price on PDC Energy and gave the company a “buy” rating in a research note on Sunday, January 21st. BidaskClub cut PDC Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price on shares of PDC Energy in a research note on Sunday, January 28th. ValuEngine cut PDC Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Imperial Capital raised their target price on PDC Energy from $73.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $67.06.

A number of large investors have recently made changes to their positions in PDCE. Louisiana State Employees Retirement System raised its stake in PDC Energy by 6.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 28,300 shares of the energy producer’s stock valued at $1,459,000 after buying an additional 1,600 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of PDC Energy by 8.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 380,638 shares of the energy producer’s stock worth $19,619,000 after purchasing an additional 30,136 shares in the last quarter. MHI Funds LLC bought a new stake in shares of PDC Energy in the 4th quarter worth $138,000. Congress Asset Management Co. MA increased its holdings in shares of PDC Energy by 36.5% in the 4th quarter. Congress Asset Management Co. MA now owns 87,850 shares of the energy producer’s stock worth $4,528,000 after purchasing an additional 23,485 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of PDC Energy by 70.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 86,392 shares of the energy producer’s stock worth $4,453,000 after purchasing an additional 35,779 shares in the last quarter.

About PDC Energy

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.

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

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