PDC Energy (NASDAQ:PDCE) has tumbled 5.54% during the past week and has dropped 13.45% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.41%. PDC Energy (NASDAQ:PDCE) has underperformed the index by 14.24% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
PDC Energy (NASDAQ:PDCE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.04 and $52.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.21, notching a gain of 0.93% for the day. The total traded volume was 1,918,866 . The stock had closed at $52.72 on the previous day.
The company shares have dropped -2.80% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $65.86 and the one year low was seen on Jul 23, 2015. The 50-Day Moving Average price is $59.10 and the 200 Day Moving Average price is recorded at $55.87.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Shellum Gysle R., officer (CFO) of Pdc Energy, Inc., had unloaded 2,438 shares at an average price of $63.98 in a transaction dated on May 17, 2016. The total value of the transaction was worth $155,983.
Many analysts have stated their opinion on the company shares. Brokerage firm Deutsche Bank maintains its rating on PDC Energy (NASDAQ:PDCE). As per the latest information, the brokerage house lowers the price target to $68 per share from a prior target of $70. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.8% of PDC Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.64% . During last six month period, the net percent change held by insiders has seen a change of -27.85%.
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 2,900 gross producing wells, of which 350 are horizontal.