What’s PDC Energy, Inc. (PDCE) Upside After Today’s Huge Increase?

PDC Energy, Inc. (NASDAQ:PDCE) Logo

Investors sentiment decreased to 0.97 in Q2 2019. Its down 0.30, from 1.27 in 2019Q1. It turned negative, as 39 investors sold PDC Energy, Inc. shares while 49 reduced holdings. 17 funds opened positions while 68 raised stakes. 64.71 million shares or 0.06% less from 64.75 million shares in 2019Q1 were reported.
Louisiana State Employees Retirement Systems reported 24,700 shares stake. Hite Hedge Asset Ltd Liability Com holds 22,143 shares or 0.13% of its portfolio. Massachusetts-based Rhumbline Advisers has invested 0.01% in PDC Energy, Inc. (NASDAQ:PDCE). Van Eck Associate Corporation has 0.24% invested in PDC Energy, Inc. (NASDAQ:PDCE) for 1.40M shares. Cubist Systematic Strategies Limited Liability Company holds 33,631 shares or 0.02% of its portfolio. Ameritas Invest Inc holds 5,418 shares or 0.01% of its portfolio. Voya Mngmt Ltd Liability Corporation accumulated 54,875 shares. National Bank & Trust Of New York Mellon holds 0.02% in PDC Energy, Inc. (NASDAQ:PDCE) or 1.54M shares. Phocas invested in 0% or 170,891 shares. Pinebridge Invs Lp has 57,580 shares for 0.03% of their portfolio. Price T Rowe Associate Md owns 826,052 shares or 0% of their US portfolio. California Employees Retirement Systems has 0% invested in PDC Energy, Inc. (NASDAQ:PDCE). 2.99M are held by State Street Corporation. Nuveen Asset Limited Company has invested 0.01% in PDC Energy, Inc. (NASDAQ:PDCE). D E Shaw And holds 0.01% of its portfolio in PDC Energy, Inc. (NASDAQ:PDCE) for 281,714 shares.

Since March 20, 2019, it had 1 buying transaction, and 2 selling transactions for $328,000 activity. Ellis Mark E bought $373,000 worth of PDC Energy, Inc. (NASDAQ:PDCE) on Friday, May 10.

The stock of PDC Energy, Inc. (NASDAQ:PDCE) is a huge mover today! The stock increased 3.91% or $1.23 during the last trading session, reaching $32.71. About 1.23 million shares traded. PDC Energy, Inc. (NASDAQ:PDCE) has declined 54.51% since September 13, 2018 and is downtrending. It has underperformed by 54.51% the S&P500.
The move comes after 7 months positive chart setup for the $2.08 billion company. It was reported on Sep, 13 by Barchart.com. We have $35.00 PT which if reached, will make NASDAQ:PDCE worth $145.88M more.

Analysts await PDC Energy, Inc. (NASDAQ:PDCE) to report earnings on November, 4. They expect $0.42 earnings per share, down 12.50 % or $0.06 from last year’s $0.48 per share. PDCE’s profit will be $26.76M for 19.47 P/E if the $0.42 EPS becomes a reality. After $0.34 actual earnings per share reported by PDC Energy, Inc. for the previous quarter, Wall Street now forecasts 23.53 % EPS growth.

PDC Energy, Inc. (NASDAQ:PDCE) Ratings Coverage

Among 7 analysts covering PDC Energy (NASDAQ:PDCE), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. PDC Energy has $53 highest and $4200 lowest target. $49.25’s average target is 50.57% above currents $32.71 stock price. PDC Energy had 15 analyst reports since March 16, 2019 according to SRatingsIntel. SunTrust maintained the shares of PDCE in report on Tuesday, August 27 with “Buy” rating. Imperial Capital maintained it with “Outperform” rating and $5000 target in Tuesday, August 27 report. The firm has “Buy” rating given on Tuesday, August 27 by M Partners. Wells Fargo maintained PDC Energy, Inc. (NASDAQ:PDCE) on Monday, August 12 with “Outperform” rating. The rating was upgraded by Bank of America on Tuesday, September 10 to “Buy”.

More notable recent PDC Energy, Inc. (NASDAQ:PDCE) news were published by: Nasdaq.com which released: “Why PDC Energy, SRC Energy, and Hibbett Sports Jumped Today – Nasdaq” on August 26, 2019, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of SRC Energy Inc. to PDC Energy, Inc. is Fair to Shareholders – GlobeNewswire” published on August 27, 2019, Nasdaq.com published: “First Week of April 2020 Options Trading For PDC Energy (PDCE) – Nasdaq” on August 20, 2019. More interesting news about PDC Energy, Inc. (NASDAQ:PDCE) were released by: Finance.Yahoo.com and their article: “Here is What Hedge Funds Think About PDC Energy Inc (PDCE) – Yahoo Finance” published on June 26, 2019 as well as Globenewswire.com‘s news article titled: “PDC Energy Files Investor Presentation Nasdaq:PDCE – GlobeNewswire” with publication date: May 08, 2019.

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 has market cap of $2.08 billion. It operates through two divisions, Oil and Gas Exploration and Production, and Gas Marketing. It has a 17.47 P/E ratio. The Oil and Gas Exploration and Production segment produces and sells natural gas and natural gas liquids to midstream service providers and marketers; and crude oil.

PDC Energy, Inc. (NASDAQ:PDCE) Institutional Positions Chart

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