PDC Energy Inc (PDCE) : Dalton Greiner Hartman Maher Co reduced its stake in PDC Energy Inc by 15.7% during the most recent quarter end. The investment management company now holds a total of 415,962 shares of PDC Energy Inc which is valued at $23,031,816 after selling 77,459 shares in PDC Energy Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.PDC Energy Inc makes up approximately 1.37% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in PDCE in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 13,466 shares of PDC Energy Inc which is valued at $745,612. PDC Energy Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in PDCE by selling 2,000 shares or 78.43% in the most recent quarter. The Hedge Fund company now holds 550 shares of PDCE which is valued at $30,454.Curian Capital reduced its stake in PDCE by selling 11,250 shares or 63.96% in the most recent quarter. The Hedge Fund company now holds 6,338 shares of PDCE which is valued at $350,998. PDC Energy Inc makes up approx 0.03% of Curian Capital’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PDCE in the latest quarter, The investment management firm added 12,253 additional shares and now holds a total of 19,085 shares of PDC Energy Inc which is valued at $1,056,927.Integrated Investment Consultants reduced its stake in PDCE by selling 4 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 1,553 shares of PDCE which is valued at $87,946. PDC Energy Inc makes up approx 0.05% of Integrated Investment Consultants’s portfolio.
PDC Energy Inc closed down -0.51 points or -0.94% at $53.73 with 7,51,952 shares getting traded on Monday. Post opening the session at $54.08, the shares hit an intraday low of $53.13 and an intraday high of $54.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, PDC Energy Inc reported $-0.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.78 based on the information available during the earnings call on May 6, 2016. Analyst had a consensus of $-0.11. The company had revenue of $90.80 million for the quarter, compared to analysts expectations of $151.14 million. The company’s revenue was down -37.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.
Many Wall Street Analysts have commented on PDC Energy Inc. PDC Energy Inc was Downgraded by Wells Fargo to ” Market Perform” on May 23, 2016. Company shares were Reiterated by Wunderlich on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $66 .
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.