A number of other large investors have also made changes to their positions in the stock. New York State Teachers Retirement System boosted its position in shares of PDC Energy by 6.3% in the fourth quarter. Norges Bank acquired a new position in PDC Energy during the fourth quarter valued at approximately $29,970,000. Guggenheim Capital LLC now owns 10,924 shares of the energy producer's stock valued at $792,000 after buying an additional 1,748 shares during the last quarter. Invictus RG increased its stake in shares of PDC Energy by 11.2% in the first quarter. Invictus RG now owns 2,151 shares of the energy producer's stock worth $134,000 after buying an additional 216 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,626 shares of the energy producer's stock worth $263,000 after buying an additional 126 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of PDC Energy by 3.6% in the fourth quarter. They now have a $46.00 price objective on the energy producer's stock, down from their prior price objective of $89.00.
Investment analysts at Seaport Global Securities lowered their Q3 2017 EPS estimates for shares of PDC Energy in a research note issued on Wednesday. (NASDAQ:PDCE) by 21.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. TPH Asset Management LLC's holdings in PDC Energy were worth $347,000 at the end of the most recent quarter. "(PDCE) Downgraded to "Neutral" at Seaport Global Securities" was originally published by Sports Perspectives and is the property of of Sports Perspectives. World Asset Management Inc now owns 3,565 shares of the energy producer's stock worth $222,000 after buying an additional 125 shares during the period. The company's market cap is $2.86 billion. The company's 50 day moving average price is $44.97 and its 200 day moving average price is $59.92. PDC Energy, Inc. has a 12-month low of $40.12 and a 12-month high of $84.88.
PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings results on Friday, May 5th. The energy producer reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.03. PDC Energy had a negative return on equity of 0.20% and a negative net margin of 22.67%. The firm had revenue of $273.70 million during the quarter, compared to analysts' expectations of $182.05 million. Next quarter's EPS is estimated at $0.06 with next year's EPS projected to be $0.71. PDC Energy's revenue for the quarter was up 201.4% on a year-over-year basis. PDC Energy's revenue for the quarter was up 201.4% compared to the same quarter previous year.
A number of other analysts have also issued reports on the stock. BMO Capital Markets increased their price target on PDC Energy from $45.00 to $48.00 and gave the company a "market perform" rating in a report on Friday, July 14th. Williams Capital restated a "buy" rating and set a $94.00 price target on shares of PDC Energy in a report on Monday, April 10th. Finally, Deutsche Bank AG lowered their target price on PDC Energy from $86.00 to $79.00 and set a "hold" rating on the stock in a research note on Tuesday, March 7th. Barclays PLC reaffirmed a "buy" rating and set a $80.00 price objective (down previously from $89.00) on shares of PDC Energy in a research report on Thursday, April 20th.
Réaménagement du gouvernement, nomination d'un nouveau ministre de la Défense — Côte d'Ivoire
Au titre de la présidence de la République, Abdourahmane Cissé est nommé Conseiller Spécial auprès du Président de la République. Un secrétariat auprès dyu Premier ministre chargé du budget et du portefeuille de l'Etat a été créé, il échoit à Moussa Sanogo.
Among 5 analysts covering Ingevity (NGVT), 4 have Buy rating, 0 Sell and 1 Hold. They set a "hold" rating and a $87.00 price target for the company.
In other news, Director Joseph E. Casabona sold 1,000 shares of PDC Energy stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $63.29, for a total transaction of $63,290.00. Following the sale, the director now directly owns 30,456 shares of the company's stock, valued at $1,927,560.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.
The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Firm produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids with activities in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio.
PDC Energy, Inc is an independent exploration and production company.
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