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PDC Energy Inc. (PDCE) – Don’t Believe the Hype: Check The Facts

347 institutions hold shares in PDC Energy Inc. (PDCE), with 1.35M shares held by insiders accounting for 1.35% while institutional investors hold 108.63% of the company’s shares. The shares outstanding are 99.72M, and float is at 98.38M with Short Float at 6.81%. Institutions hold 107.17% of the Float.

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The top institutional shareholder in the company is Blackrock Inc. with over 16.03 million shares valued at $329.16 million. The investor’s holdings represent 16.13% of the PDCE Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.25 million shares valued at $210.52 million to account for 10.32% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 6.15 million shares representing 6.18% and valued at over $126.18 million, while State Street Corporation holds 4.14% of the shares totaling 4.12 million with a market value of $84.49 million.

PDC Energy Inc. (NASDAQ: PDCE) is 81.59% higher on its value in year-to-date trading and has touched a low of $9.82 and a high of $42.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PDCE stock was last observed hovering at around $36.22 in the last trading session, with the day’s gains setting it 1.06% off its average median price target of $47.00 for the next 12 months. It is also 35.72% off the consensus price target high of $58.00 offered by 16 analysts, but current levels are -0.76% lower than the price target low of $37.00 for the same period.

Currently trading at $37.28, the stock is 6.72% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 2.93% at the moment leaves the stock 74.22% off its SMA200. PDCE registered 247.44% gain for a year compared to 6-month gain of 202.84%. The firm has a 50-day simple moving average (SMA 50) of $35.48 and a 200-day simple moving average (SMA200) of $24.83.

The stock witnessed a 8.28% loss in the last 1 month and extending the period to 3 months gives it a 63.51%, and is 12.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.65% over the week and 4.70% over the month.

PDC Energy Inc. (PDCE) has around 520 employees, a market worth around $3.67B and $1.34B in sales. Fwd P/E is 8.40. Profit margin for the company is -54.10%. Distance from 52-week low is 279.63% and -12.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.10%).

PDC Energy Inc. (PDCE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for PDC Energy Inc. (PDCE) is a “Buy”. 16 analysts offering their recommendations for the stock have an average rating of 1.80, where 1 rate it as a Hold and 1 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

PDC Energy Inc. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.86 with sales reaching $388.02M over the same period.The EPS is expected to shrink by -733.00% this year, but quarterly earnings will post 30.10% year-over-year. Quarterly sales are estimated to shrink -48.70% in year-over-year returns.

PDC Energy Inc. (PDCE) Insider Activity

A total of 50 insider transactions have happened at PDC Energy Inc. (PDCE) in the last six months, with sales accounting for 34 and purchases happening 16 times. The most recent transaction is an insider sale by Lauck Lance, the company’s EVP, Corp. Dev. & Strategy. SEC filings show that Lauck Lance sold 3,000 shares of the company’s common stock on Mar 08 at a price of $37.45 per share for a total of $0.11 million. Following the sale, the insider now owns 0.17 million shares.

PDC Energy Inc. disclosed in a document filed with the SEC on Mar 08 that Crisafio Anthony J (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $37.78 per share for $0.19 million. Following the transaction, the insider now directly holds 9036.0 shares of the PDCE stock.

Still, SEC filings show that on Mar 05, Martinet Nicole L (SVP, General Counsel & Sec.) disposed off 1,000 shares at an average price of $40.47 for $40470.0. The insider now directly holds 52,067 shares of PDC Energy Inc. (PDCE).

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PDC Energy Inc. (PDCE): Who are the competitors?

The company’s main competitors (and peers) include Continental Resources Inc. (CLR) that is trading 104.91% up over the past 12 months. Comstock Resources Inc. (CRK) is -25.17% down on the 1-year trading charts. Short interest in the company’s stock has risen 9.21% from the last report on Apr 14, 2021 to stand at a total of 6.7 million short shares sold with a short interest ratio of 6.34.

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