PDC Energy Inc. (PDCE) touched a new high 2 times within the past 5 days.

PDC Energy Inc. (NASDAQ:PDCE) saw a downside of -5.39% on Friday at $44.83 after subtracting -$2.56. The 5-day average trading volume is 932,624 shares of the company’s common stock. It has gained $51.81 in the past week and touched a new high 2 times within the past 5 days. An average of 850,246 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 787,836.

PDCE’s 1-month performance is 13.51% or $2.73 on its low of $40.41 reached on 09/09/21. The company’s shares have touched a 52-week low of $10.61 and high of $51.81, with the stock’s rally to the 52-week high happening on 09/28/21. YTD, PDCE has achieved 130.83% or $24.29 and has reached a new high 31 times. However, the current price is down -13.46%% from the 52-week high price.

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Insider Transactions

On Sep 16, 15 days have gone by since the last insider trading activity for PDC Energy Inc. (PDCE). Peterson Lynn A (Director) most recently sold 15,000 shares at $45.00 per share on Sep 16. This transaction cost the insider $675,000. President and CEO, BROOKMAN BARTON R JR, sold 2,000 shares at a price of $41.94 on Sep 01. Then, on Aug 02, President and CEO BROOKMAN BARTON R JR sold 2,000 shares at a price of $39.29 per share. This transaction amounted to $78,578.

Valuation Metrics

PDC Energy Inc. (PDCE) has a trailing price-to-earnings (P/E) ratio of 14.38 for the broader industry and 18.30 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 1499.00 and a low of 9.151. PDCE stock has a beta of 3.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.48 while the price-to-book (PB) in the most recent quarter is 1.91, with the price to cash flow ratio at 4.33.

PDC Energy Inc. pays an annual dividend of $0.48 per share. Its dividend yield is 1.07%. PDCE’s most recent quarterly dividend payment was made on Sep. 22, when it paid $0.12 a share compared with prior rate of $0.12, down 0.0% from last year’s.

It is projected that PDC Energy Inc.’s next ex-dividend date will be on 8-Dec. PDCE is expected to distribute $0.12 as its next dividend.

PDC Energy Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.40 meaning that PDCE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.51, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 76.10%The trailing 12-month EBITDA margin is 61.93% while for the period ending June 29; PDC Energy Inc.’s operating margin was -5.40%. The firm’s gross profit as reported stood at -$643.54 million against revenue of $1.34 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. PDC Energy Inc.’s return on assets over the past 12 months stands at -2.50%. Return on investment over the past year is -15.10%, while its return on equity (ROE) trailing 12 months is -5.20%. In comparison, the average ROE for the broader industry over the past year is 1.01.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 76.22% to $228.87 million, while revenue of $286.04 million was -24.98% off the previous quarter. Analysts expected PDCE to announce $1.24 per share in earnings in its latest quarter, but it posted $1.66, representing a 33.90% surprise. EBITDA for the quarter stood at more than $102.19 million. PDCE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.87 billion, with total debt at $1.46 billion

Technical Picture

Let’s look briefly at PDC Energy Inc. (PDCE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 30 September was 48.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 68.54%.

The stock’s 5-day moving average is $47.95, reflecting a -4.62% or -$2.17 change from its current price. PDCE is currently trading +3.06% above its 20-day SMA, +8.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +15.75% and +128.56% respectively.

Stochastic %K and %D was 53.41% and 66.88% and the average true range (ATR) pointed at 2.37. The RSI (14) points at 51.63%, while the 14-day stochastic is at 36.11% with the period’s ATR at 2.29. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 1.22 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for PDCE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PDCE as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.

What is PDCE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $50.00 and a high of $73.00, with their median price target at $63.00. Looking at these predictions, the average price target given by analysts is for PDC Energy Inc. (PDCE) stock is $62.06.


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