Pdc Energy, Inc. (PDCE) Files Form 4 Insider Selling : James M Trimble Sells 105,881 Shares

Pdc Energy, Inc. (PDCE): James M Trimble , director of Pdc Energy, Inc. sold 105,881 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $60.32 per share for a total value of $6,386,742.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 29, 2016, Jeffrey C Swoveland (director other) sold 1,700 shares at $56.90 per share price.On Mar 16, 2016, David C Parke (director) sold 250 shares at $54.00 per share price.Also, On Feb 29, 2016, Gysle R. Shellum (CFO) sold 17,956 shares at $51.05 per share price.On Feb 26, 2016, R Scott Meyers (CAO) sold 4,300 shares at $48.55 per share price.

PDC Energy Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in PDC Energy Inc which led to swings in the share price. The shares opened for trading at $58.63 and hit $60.5 on the upside , eventually ending the session at $60.47, with a gain of 4.10% or 2.38 points. The heightened volatility saw the trading volume jump to 13,84,749 shares. The 52-week high of the share price is $65.86 and the company has a market cap of $2,801 M . The 52-week low of the share price is at $41.17.

PDC Energy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.PDC Energy Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $66 .The Rating was issued on May 9, 2016.PDC Energy Inc is Initiated by Nomura to Neutral. The Rating was issued on Apr 13, 2016.PDC Energy Inc is Reiterated by Scotia Howard Weil to Sector Outperform and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $75 .The Rating was issued on Apr 11, 2016.PDC Energy Inc is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $68 .The Rating was issued on Apr 8, 2016.PDC Energy Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $65 .The Rating was issued on Apr 8, 2016.

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 Company’s 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 Company’s 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.

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PDC Energy Inc - Is it time to Sell?

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