Pdc Energy, Inc. (PDCE) Files Form 4 Insider Selling : David C Parke Sells 400 Shares

Pdc Energy, Inc. (PDCE): David C Parke , director of Pdc Energy, Inc. sold 400 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $57.79 per share for a total value of $23,116.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Gysle R. Shellum (CFO) sold 2,438 shares at $63.98 per share price.On May 19, 2016, Kimberly Luff Wakim (director) sold 3,834 shares at $64.02 per share price.Also, On May 19, 2016, Jeffrey C Swoveland (director other) sold 1,500 shares at $64.01 per share price.On May 18, 2016, Daniel Willson Amidon (Sr. VP, General Counsel & Sec.) sold 5,463 shares at $62.60 per share price.

Shares of PDC Energy Inc (PDCE) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.16% at $57.52 with 7,38,514 shares getting traded. Post opening the session at $57.79, the shares hit an intraday low of $57.05 and an intraday high of $58.44 and the price vacillated in this range throughout the day. The company has a market cap of $2,664 M and the number of outstanding shares has been calculated to be 4,63,18,394 shares. The 52-week high of PDC Energy Inc is $65.86 and the 52-week low is $41.17.

PDC Energy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.PDC Energy Inc is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 23, 2016.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 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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