How Is PDC Energy Inc. (PDCE)’s Price-To-Earnings Ratio?

As of Friday close, PDC Energy Inc.’s (NASDAQ:PDCE) stock was up $0.19, moving up 0.35 percent to $55.11. The average number of shares traded per day over the past five days has been 1,420,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$10.58 fall in that time frame. In the last twenty days, the average volume was 1,210,900, while in the previous 50 days, it was 1,779,366.

Since last month, PDCE stock retreated -5.52%. Shares of the company fell to $51.72 on 07/12/22, the lowest level in the past month. A 52-week high of $89.22 was reached on 06/09/22 after having rallying from a 52-week low of $34.16. Since the beginning of this year, PDCE’s stock price has risen by 12.98% or $6.33, and marked a new high 26 times. However, the stock has declined by -38.23% since its 52-week high.

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PDC Energy Inc. (PDCE) last reported insider trading activity 5 days ago on Aug 01. BROOKMAN BARTON R JR, the President and CEO of the company, disposed of 2,000 shares for $63.64 on Aug 01. It resulted in a $127,288 divestment by the insider. Meyers R Scott sold 1,000 shares at an average price of $64.54 on Aug 01. The insider now owns 115,128 shares following the transaction. On Jul 20, Director Peterson Lynn A sold 7,000 shares at $62.00 apiece. The transaction was valued at $434,000.

Valuation Metrics

Right now, PDC Energy Inc. (PDCE) has a P/E ratio of about 10.97. The stock’s beta is 2.66. Besides these, the trailing price-to-sales (P/S) ratio of 2.79, the price-to-book (PB) ratio of 1.92, and the price-to-cash flow ratio of 3.31 may also be considered.

The latest dividend of $0.35 per share was paid out, which is 40.0% more than last year’s $0.25. On Tuesday May 31 2022, a $0.10 dividend increase was announced.

Financial Health

In the three months ended March 30, PDC Energy Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.34, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 79.30% percent. In the year ended March 30, operating margins totaled 31.60%. Based on annual data, PDCE earned $631.59 million in gross profit and brought in $1.86 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.50%. Return on equity (ROE) for the past 12 months was 18.70%.

In PDC Energy Inc.’s quarter-end financial report for March 30, it reported total debt of $942.57 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PDCE’s revenue rose 9.61% to $854.64 million during the quarter, while net income inched up to $316.45 million. While analysts expected PDC Energy Inc. to report $3.11 quarterly earnings, the actual figure was $3.66 per share, beating the consensus estimate by 17.70%. During the quarter, the company generated $903.43 million in EBITDA. The liabilities of PDC Energy Inc. were 4.51 billion at the end of its most recent quarter ended March 30, and its total debt was $958.11 million. The value of shareholders’ equity is $96.31 million.

Technical Picture

This quick technical analysis looks at PDC Energy Inc.’s (PDCE) price momentum. With a historical volatility rate of 73.11%, the RSI 9-day stood at 33.59% on 05 August.

With respect to its five-day moving average, the current PDC Energy Inc. price is down by -16.11% percent or -$10.58. At present, PDCE shares trade -6.83% below its 20-day simple moving average and -16.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.62% below its SMA50 and +9.63% above its SMA200.

Stochastic coefficient K was 28.74% and Stochastic coefficient D was 53.88%, while ATR was 3.70. Given the Stochastic reading of 12.07% for the 14-day period, the RSI (14) reading has been calculated as 38.29%. As of today, the MACD Oscillator reading stands at -4.12, while the 14-day reading stands at -3.90.

Analyst Ratings

PDC Energy Inc. (PDCE) has been rated Buy by analysts. According to 0 brokerage firms, PDCE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate PDC Energy Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $102.00, the current consensus forecast for the stock is $70.00 – $126.00. Based on these forecasts, analysts predict PDC Energy Inc. (PDCE) will achieve an average price target of $100.54.


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