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Wednesday, March 22, 2023

Momentum Is Strong For PDC Energy Inc. (NASDAQ: PDCE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PDC Energy Inc. (PDCE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.75, or -1.10%, to $67.21. The PDC Energy Inc. has recorded 34,244 volume in the after hours trading session.

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Stocks Info

This NASDAQ-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $67.96 and fluctuated between $68.48 as its day high and $65.88 as its day low. The current market capitalization of PDC Energy Inc. is $6.11B. A total of 0.87 million shares were traded on the day, compared to an average of 887.12K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PDCE has seen 5 BUY and 12 SELL insider trades, representing the acquisition of 579,937 and the disposition of 256,582 shares. Over the last 12 months, there were 28 BUYs and 88 SELLs from insiders. Insiders purchased 662,152 shares during that period but sold 520,291.

In the most recent transaction, Peterson Lynn A sold 7,000 shares of PDCE for 65.78 per share on Feb 15. After the transaction, the Director now owns 240,167 company shares. In a previous transaction on Feb 15, Meyers R Scott sold 2,500 shares at 66.77 per share. PDCE shares that EVP, CFO owns now total 179,704.

Among the insiders who sold shares, BROOKMAN BARTON R JR disposed of 2,000 shares on Feb 01 at a per-share price of $67.08. This resulted in the President and CEO holding 548,228 shares of PDCE after the transaction. In another insider transaction, Peterson Lynn A sold 7,000 shares at $66.89 per share on Jan 17. Company shares held by the Director now total 247,167.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. PDC Energy Inc. pays an annual dividend of $1.60, resulting in a dividend yield of 2.35%, and it has a price to earnings (P/E) ratio of 3.67. PDCE’s most recent ex-dividend date was 3/1/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 3/16/2023. Previously, the company paid the dividend on 12/28/2022 with an ex-dividend date of 12/16/2022. The PDCE stock dividend was $1.00 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PDCE in the last 3 months, the mean price target is $88.33 with high estimates of $115.00 and low estimates of $70.00. In terms of 52-week highs and lows, PDCE has a high of $88.32 and a low of $51.20.

As of this writing, PDCE has an earnings estimate of $3.17 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $3.57 per share and a lower estimate of $2.52. The company reported an EPS of $5.11 in the last quarter, which was 10.10% higher than expectations of $4.64.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PDCE is Underweight with a score of 4.33. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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