Does Wall Street Rate PDC Energy Inc. (PDCE) Shares A Sell?


As of Wednesday close, PDC Energy Inc.’s (NASDAQ:PDCE) stock was up $0.26, moving up 0.36 percent to $71.98. The average number of shares traded per day over the past five days has been 4,178,080 shares. 5 times new highs have been achieved over the past 5 days, with a $8.11 gain in that time frame. In the last twenty days, the average volume was 1,576,135, while in the previous 50 days, it was 1,132,176.

Since last month, PDCE stock rose 12.59%. Shares of the company fell to $59.97 on 05/03/23, the lowest level in the past month. A 52-week high of $88.32 was reached on 05/24/23 after having rallying from a 52-week low of $51.20. Since the beginning of this year, PDCE’s stock price has risen by 13.39% or $8.50, and marked a new high 13 times. However, the stock has declined by -18.50% since its 52-week high.

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PDCE stock investors should be aware that PDC Energy Inc. (PDCE) stock had its last reported insider trading activity 8 days ago on May 17. Welling Troy M., the CAO of the company, disposed of 1,200 shares for $63.37 on May 17. It resulted in a $76,044 divestment by the insider. Meyers R Scott sold 2,500 shares at an average price of $63.05 on May 15. The insider now owns 159,910 shares following the transaction. On May 01, President and CEO BROOKMAN BARTON R JR sold 2,000 shares at $63.84 apiece. The transaction was valued at $127,680.

Valuation Metrics

Right now, PDC Energy Inc. (PDCE) has a P/E ratio of about 3.07. The stock’s beta is 2.52. Besides these, the trailing price-to-sales (P/S) ratio of 1.40, the price-to-book (PB) ratio of 1.51, and the price-to-cash flow ratio of 4.50 may also be considered.

The latest dividend of $0.40 per share was paid out, which is -60.0% less than last year’s $1.00. On Thursday February 16 2023, a $0.60 dividend decrease was announced.

Financial Health

In the three months ended March 30, PDC Energy Inc.’s quick ratio stood at 0.40, while its current ratio was 0.40, 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 0.31. On the profitability front, the trailing twelve-month gross margin is 87.00% percent. In the year ended March 30, EBITDA margin amounted to 80.12%, whereas operating margins totaled 61.70%. Based on annual data, PDCE earned $2.21 billion in gross profit and brought in $3.85 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 33.10%. Return on equity (ROE) for the past 12 months was 56.90%.

In PDC Energy Inc.’s quarter-end financial report for March 30, it reported total debt of $1.3 billion. 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 66.96% to $879.51 million during the quarter, while net income inched up to $957.67 million. While analysts expected PDC Energy Inc. to report $2.84 quarterly earnings, the actual figure was $2.61 per share, beating the consensus estimate by -8.10%. During the quarter, the company generated $753.97 million in EBITDA. The liabilities of PDC Energy Inc. were 4.05 billion at the end of its most recent quarter ended March 30, and its total debt was $1.39 billion. The value of shareholders’ equity is $87.46 million.

Technical Picture

This quick technical analysis looks at PDC Energy Inc.’s (PDCE) price momentum. With a historical volatility rate of 33.87%, the RSI 9-day stood at 76.01% on 24 May.

With respect to its five-day moving average, the current PDC Energy Inc. price is up by +12.70% percent or $8.11. At present, PDCE shares trade +14.86% above its 20-day simple moving average and +14.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.48% above its SMA50 and +29.65% above its SMA200.

Stochastic coefficient K was 92.66% and Stochastic coefficient D was 86.24%, while ATR was 2.31. Given the Stochastic reading of 94.93% for the 14-day period, the RSI (14) reading has been calculated as 67.93%. As of today, the MACD Oscillator reading stands at 4.97, while the 14-day reading stands at 6.05.

Analyst Ratings

PDC Energy Inc. (PDCE) has been rated Overweight by analysts. According to 0 brokerage firms, PDCE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate PDC Energy Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $85.00, the current consensus forecast for the stock is $72.00 – $100.00. Based on these forecasts, analysts predict PDC Energy Inc. (PDCE) will achieve an average price target of $86.50.


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