Century Capital Management LLC Sells 523 Shares of PDC Energy, Inc. (PDCE)

Century Capital Management LLC lessened its stake in PDC Energy, Inc. (NASDAQ:PDCE) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,610 shares of the energy producer’s stock after selling 523 shares during the period. Century Capital Management LLC’s holdings in PDC Energy were worth $544,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC increased its position in PDC Energy by 19.8% in the 1st quarter. Flinton Capital Management LLC now owns 1,744 shares of the energy producer’s stock valued at $109,000 after acquiring an additional 288 shares during the period. Invictus RG increased its position in PDC Energy by 11.2% in the 1st quarter. Invictus RG now owns 2,151 shares of the energy producer’s stock valued at $134,000 after acquiring an additional 216 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PDC Energy by 42.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,186 shares of the energy producer’s stock valued at $136,000 after acquiring an additional 649 shares during the period. Meadow Creek Investment Management LLC increased its position in PDC Energy by 19.8% in the 1st quarter. Meadow Creek Investment Management LLC now owns 2,398 shares of the energy producer’s stock valued at $150,000 after acquiring an additional 396 shares during the period. Finally, First Interstate Bank increased its position in PDC Energy by 5.9% in the 1st quarter. First Interstate Bank now owns 2,515 shares of the energy producer’s stock valued at $157,000 after acquiring an additional 140 shares during the period.

PDCE has been the topic of several recent research reports. Credit Suisse Group cut PDC Energy from an “outperform” rating to a “neutral” rating and set a $69.00 price target on the stock. in a research report on Thursday, June 1st. BidaskClub cut PDC Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. BMO Capital Markets restated a “hold” rating and issued a $48.00 price target on shares of PDC Energy in a research report on Friday, September 1st. Seaport Global Securities cut PDC Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $89.00 to $46.00 in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $82.00 price target on shares of PDC Energy in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.14.

TRADEMARK VIOLATION WARNING: “Century Capital Management LLC Sells 523 Shares of PDC Energy, Inc. (PDCE)” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2888444/century-capital-management-llc-sells-523-shares-of-pdc-energy-inc-pdce.html.

Shares of PDC Energy, Inc. (PDCE) opened at 41.56 on Wednesday. The stock’s 50 day moving average price is $41.47 and its 200 day moving average price is $51.19. PDC Energy, Inc. has a 52 week low of $36.74 and a 52 week high of $84.88. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 294.75 and a beta of 0.83.

PDC Energy (NASDAQ:PDCE) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.20. PDC Energy had a net margin of 1.03% and a return on equity of 0.53%. The company had revenue of $275.20 million for the quarter, compared to analyst estimates of $218.90 million. During the same quarter last year, the business earned ($0.11) earnings per share. PDC Energy’s revenue was up 1269.2% compared to the same quarter last year. Equities research analysts anticipate that PDC Energy, Inc. will post $0.20 EPS for the current fiscal year.

PDC Energy Company Profile

PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.

Want to see what other hedge funds are holding PDCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PDC Energy, Inc. (NASDAQ:PDCE).

Institutional Ownership by Quarter for PDC Energy (NASDAQ:PDCE)

Receive News & Ratings for PDC Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDC Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.