PDC Energy Inc (PDCE) : Dalton Greiner Hartman Maher Co reduced its stake in PDC Energy Inc by 31.88% during the most recent quarter end. The investment management company now holds a total of 493,421 shares of PDC Energy Inc which is valued at $28,564,142 after selling 230,921 shares in PDC Energy Inc , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.PDC Energy Inc makes up approximately 1.71% of Dalton Greiner Hartman Maher Co’s portfolio.
PDC Energy Inc opened for trading at $56.24 and hit $61.03 on the upside on Monday, eventually ending the session at $60.75, with a gain of 4.94% or 2.86 points. The heightened volatility saw the trading volume jump to 12,87,057 shares. Company has a market cap of $2,806 M.
Other Hedge Funds, Including , Gradient Investments boosted its stake in PDCE in the latest quarter, The investment management firm added 3,508 additional shares and now holds a total of 3,804 shares of PDC Energy Inc which is valued at $220,214. PDC Energy Inc makes up approx 0.03% of Gradient Investments’s portfolio.Independent Portfolio Consultants reduced its stake in PDCE by selling 1,035 shares or 17.5% in the most recent quarter. The Hedge Fund company now holds 4,880 shares of PDCE which is valued at $282,503. PDC Energy Inc makes up approx 0.08% of Independent Portfolio Consultants’s portfolio. Integrated Investment Consultants added PDCE to its portfolio by purchasing 1,557 company shares during the most recent quarter which is valued at $90,135. PDC Energy Inc makes up approx 0.05% of Integrated Investment Consultants’s portfolio.Viking Fund Management reduced its stake in PDCE by selling 120,000 shares or 32.88% in the most recent quarter. The Hedge Fund company now holds 245,000 shares of PDCE which is valued at $14,183,050. PDC Energy Inc makes up approx 2.69% of Viking Fund Management’s portfolio.Capstone Asset Management Co boosted its stake in PDCE in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 12,516 shares of PDC Energy Inc which is valued at $724,551. PDC Energy Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.
On the company’s financial health, PDC Energy Inc reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.38 based on the information available during the earnings call on Feb 22, 2016. Analyst had a consensus of $0.45. The company had revenue of $168.60 million for the quarter, compared to analysts expectations of $178.43 million. The company’s revenue was down -58.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.11 EPS.
Many Wall Street Analysts have commented on PDC Energy Inc. PDC Energy Inc was Initiated by Nomura to “Neutral” on Apr 13, 2016. Company shares were Reiterated by Scotia Howard Weil on Apr 11, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Company shares were Reiterated by Topeka Capital Markets on Apr 8, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .
PDC Energy Inc. is a domestic independent exploration and production Company which produces develops acquires and explores for crude oil natural gas and natural gas liquids (NGLs). The Company operates in two segments: Oil and Gas Exploration and Production and Gas Marketing. The Companys Oil and Gas Exploration and Production segment primarily reflects revenues and expenses from the production and sale of crude oil natural gas and NGLs commodity price risk management net and well operations and pipeline income. The Companys Gas Marketing segment comprises the operating activities of its wholly owned subsidiary Riley Natural Gas. The Company operates in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. Its operations in the Wattenberg Field are focused on the liquid-rich horizontal Niobrara and Codell plays. It owns an interest in approximately 2900 gross producing wells of which 350 are horizontal.