Imperial Capital Equities Analysts Decrease Earnings Estimates for PDC Energy Inc (PDCE)

PDC Energy Inc (NASDAQ:PDCE) – Equities researchers at Imperial Capital lowered their FY2018 EPS estimates for PDC Energy in a research note issued to investors on Tuesday, February 12th. Imperial Capital analyst I. Haas now expects that the energy producer will earn $1.62 per share for the year, down from their previous estimate of $1.71. Imperial Capital has a “Outperform” rating and a $61.00 price objective on the stock. Imperial Capital also issued estimates for PDC Energy’s Q4 2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $0.85 EPS.

A number of other equities analysts have also recently commented on PDCE. ValuEngine cut shares of PDC Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 2nd. Williams Capital reaffirmed a “buy” rating and set a $55.00 price objective on shares of PDC Energy in a research report on Monday. Zacks Investment Research cut shares of PDC Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Ifs Securities reaffirmed a “market perform” rating on shares of PDC Energy in a research report on Sunday, February 3rd. Finally, BMO Capital Markets set a $55.00 target price on shares of PDC Energy and gave the company a “hold” rating in a research report on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $62.45.

PDCE stock opened at $35.36 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.38 and a quick ratio of 0.38. PDC Energy has a one year low of $26.59 and a one year high of $66.20. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -10.16, a P/E/G ratio of 0.35 and a beta of 0.82.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild & Co. Asset Management US Inc. raised its stake in PDC Energy by 0.4% during the third quarter. Rothschild & Co. Asset Management US Inc. now owns 703,045 shares of the energy producer’s stock worth $34,421,000 after acquiring an additional 2,575 shares in the last quarter. Panagora Asset Management Inc. raised its stake in PDC Energy by 2.6% during the third quarter. Panagora Asset Management Inc. now owns 66,796 shares of the energy producer’s stock worth $3,270,000 after acquiring an additional 1,703 shares in the last quarter. Rafferty Asset Management LLC raised its stake in PDC Energy by 82.2% during the third quarter. Rafferty Asset Management LLC now owns 6,873 shares of the energy producer’s stock worth $337,000 after acquiring an additional 3,101 shares in the last quarter. AQR Capital Management LLC raised its stake in PDC Energy by 27.8% during the third quarter. AQR Capital Management LLC now owns 78,954 shares of the energy producer’s stock worth $3,866,000 after acquiring an additional 17,162 shares in the last quarter. Finally, Equitable Trust Co. acquired a new position in PDC Energy during the third quarter worth about $519,000.

In related news, Director Anthony J. Crisafio sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $34.21, for a total value of $51,315.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

PDC Energy Company Profile

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.

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Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

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