PDC Energy Inc (PDCE) : Lnz Capital Lp has sold out all of its stake in PDC Energy Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 100,843 shares of PDC Energy Inc which is valued at $6,173,608.
Other Hedge Funds, Including , Cobalt Capital Management reduced its stake in PDCE by selling 14,013 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 178,691 shares of PDCE which is valued at $10,939,463. PDC Energy Inc makes up approx 1.40% of Cobalt Capital Management’s portfolio.Geode Capital Management boosted its stake in PDCE in the latest quarter, The investment management firm added 14,717 additional shares and now holds a total of 344,412 shares of PDC Energy Inc which is valued at $21,084,903. PDC Energy Inc makes up approx 0.01% of Geode Capital Management’s portfolio. Stevens Capital Management Lp sold out all of its stake in PDCE during the most recent quarter. The investment firm sold 6,255 shares of PDCE which is valued $382,931.Credit Suisse Ag boosted its stake in PDCE in the latest quarter, The investment management firm added 214,785 additional shares and now holds a total of 265,666 shares of PDC Energy Inc which is valued at $16,264,073. PDC Energy Inc makes up approx 0.02% of Credit Suisse Ag’s portfolio.Ls Investment Advisors boosted its stake in PDCE in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 1,661 shares of PDC Energy Inc which is valued at $85,641. PDC Energy Inc makes up approx 0.01% of Ls Investment Advisors’s portfolio.
PDC Energy Inc opened for trading at $65.13 and hit $66.76 on the upside on Wednesday, eventually ending the session at $65.25, with a gain of 0.32% or 0.21 points. The heightened volatility saw the trading volume jump to 936,784 shares. Company has a market cap of $3,077 M.
On the company’s financial health, PDC Energy Inc reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.04. The company had revenue of $20.10 million for the quarter, compared to analysts expectations of $159.30 million. The company’s revenue was down -60.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on PDC Energy Inc. Company shares were Reiterated by Stifel on Sep 2, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .PDC Energy Inc was Upgraded by Seaport Global Securities to ” Buy” on Aug 30, 2016. Williams Capital Group Initiated PDC Energy Inc on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $84.
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.