PDC Energy (PDCE) has risen sharply, recording gains of 1.94% in the past 4 weeks. However, the stock has corrected -2.06% in the past 1 week, providing a good buying opportunity on dips. PDC Energy (PDCE) : During the past 4 weeks, traders have been relatively bearish on PDC Energy (PDCE), hence the stock is down -2.33% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.5% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 2.67% and the 50-Day Moving Average is 6.01%.
PDC Energy (NASDAQ:PDCE): The stock opened at $55.17 on Friday but the bulls could not build on the opening and the stock topped out at $55.19 for the day. The stock traded down to $53.54 during the day, due to lack of any buying support eventually closed down at $54.24 with a loss of -0.57% for the day. The stock had closed at $54.55 on the previous day. The total traded volume was 1,235,761 shares.
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 -29.67% . During last six month period, the net percent change held by insiders has seen a change of -28.15%. In a related news,The director of Pdc Energy, Inc., Parke David C sold 400 shares at $57.79 on July 1, 2016. The Insider selling transaction had a total value worth of $23,116. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.