PDC Energy Inc (PDCE) : Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in PDC Energy Inc by 1.03% during the most recent quarter end. The investment management company now holds a total of 28,766 shares of PDC Energy Inc which is valued at $1,483,175 after selling 300 shares in PDC Energy Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.PDC Energy Inc makes up approximately 1.11% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.
Other Hedge Funds, Including , Wealthtrust-arizona reduced its stake in PDCE by selling 13 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 117 shares of PDCE which is valued at $6,033.Capital One National Association reduced its stake in PDCE by selling 3,843 shares or 24.36% in the most recent quarter. The Hedge Fund company now holds 11,931 shares of PDCE which is valued at $635,445. PDC Energy Inc makes up approx 0.05% of Capital One National Association’s portfolio.Kessler Investment Group reduced its stake in PDCE by selling 349 shares or 17.25% in the most recent quarter. The Hedge Fund company now holds 1,674 shares of PDCE which is valued at $89,157. PDC Energy Inc makes up approx 0.12% of Kessler Investment Group’s portfolio. Farmers Merchants Investments Inc sold out all of its stake in PDCE during the most recent quarter. The investment firm sold 63 shares of PDCE which is valued $3,355.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.
PDC Energy Inc opened for trading at $53.32 and hit $53.64 on the upside on Wednesday, eventually ending the session at $53.26, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 6,90,170 shares. Company has a market cap of $2,467 M.
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.