PDC Energy (PDCE) Scheduled to Post Earnings on Wednesday

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PDC Energy (NASDAQ:PDCE) is set to announce its Q2 2019 earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Shares of NASDAQ:PDCE opened at $26.14 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -8.83, a PEG ratio of 0.57 and a beta of 1.10. PDC Energy has a twelve month low of $25.73 and a twelve month high of $63.96. The stock’s 50-day simple moving average is $31.48.

A number of equities analysts have weighed in on PDCE shares. Cowen assumed coverage on shares of PDC Energy in a research report on Tuesday, April 9th. They set an “outperform” rating and a $53.00 target price for the company. Williams Capital restated a “buy” rating and issued a $61.00 price objective on shares of PDC Energy in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of PDC Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Wells Fargo & Co assumed coverage on shares of PDC Energy in a research report on Monday, May 20th. They issued an “outperform” rating and a $53.00 price objective for the company. Finally, BidaskClub lowered shares of PDC Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. PDC Energy presently has an average rating of “Hold” and an average price target of $58.17.

In other news, Director Mark E. Ellis acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $37.30 per share, for a total transaction of $373,000.00. Following the completion of the transaction, the director now owns 17,752 shares of the company’s stock, valued at $662,149.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

About PDC Energy

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. Its operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc in June 2012.

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Earnings History for PDC Energy (NASDAQ:PDCE)

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