PDC Energy Inc 2016 Q4 Institutional Investor Sentiment Better Than Expected

July 18, 2017 - By Vivian Currie

 PDC Energy Inc  2016 Q4 Institutional Investor Sentiment  Better Than Expected

Sentiment for PDC Energy Inc (NASDAQ:PDCE)

PDC Energy Inc (NASDAQ:PDCE) institutional sentiment decreased to 1.13 in 2016 Q4. Its down -0.84, from 1.97 in 2016Q3. The ratio dived, as 139 investment professionals increased or started new positions, while 123 decreased and sold positions in PDC Energy Inc. The investment professionals in our partner’s database now own: 61.38 million shares, down from 61.45 million shares in 2016Q3. Also, the number of investment professionals holding PDC Energy Inc in their top 10 positions increased from 3 to 4 for an increase of 1. Sold All: 35 Reduced: 88 Increased: 94 New Position: 45.

PDC Energy, Inc. is an independent exploration and production company. The company has market cap of $2.87 billion. The Firm produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids with activities in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. It currently has negative earnings. The Firm operates through two divisions: Oil and Gas Exploration and Production, and Gas Marketing.

The stock increased 0.41% or $0.18 during the last trading session, reaching $44.22. About shares traded. PDC Energy Inc (NASDAQ:PDCE) has declined 13.25% since July 18, 2016 and is downtrending. It has underperformed by 29.95% the S&P500.

Caymus Capital Partners L.P. holds 5.7% of its portfolio in PDC Energy Inc for 711,100 shares. Mitchell Group Inc owns 486,495 shares or 4.13% of their US portfolio. Moreover, Causeway Capital Management Llc has 3.41% invested in the company for 2.13 million shares. The California-based Cambrian Capital Limited Partnership has invested 3.01% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 339,452 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 7 sales for $751,191 activity.

PDC Energy Inc (NASDAQ:PDCE) Ratings Coverage

Ratings analysis reveals 61% of PDC Energy’s analysts are positive. Out of 23 Wall Street analysts rating PDC Energy, 14 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $4500 while the high is $85. The stock’s average target of $69.04 is 56.13% above today’s ($44.22) share price. PDCE was included in 54 notes of analysts from August 10, 2015. BMO Capital Markets maintained the stock with “Hold” rating in Monday, June 26 report. The firm earned “Buy” rating on Friday, November 6 by Wunderlich. Cantor Fitzgerald maintained it with “Buy” rating and $68 target in Friday, April 8 report. The firm has “Neutral” rating by Credit Suisse given on Friday, June 2. The stock of PDC Energy Inc (NASDAQ:PDCE) earned “Outperform” rating by iBERIA Capital Partners on Wednesday, March 9. Barclays Capital maintained the shares of PDCE in report on Thursday, August 25 with “Overweight” rating. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. The company was maintained on Tuesday, March 15 by JP Morgan. The firm has “Neutral” rating by Goldman Sachs given on Friday, December 16. The stock of PDC Energy Inc (NASDAQ:PDCE) has “Buy” rating given on Tuesday, August 30 by Seaport Global Securities.

More notable recent PDC Energy Inc (NASDAQ:PDCE) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on June 27, 2017, also Prnewswire.com with their article: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” published on June 27, 2017, Globenewswire.com published: “PDC Energy Announces 2017 Second Quarter Conference Call – Tuesday, August 8, 2017” on July 10, 2017. More interesting news about PDC Energy Inc (NASDAQ:PDCE) were released by: Reuters.com and their article: “US, Colorado sue PDC Energy, claiming Clean Air Act violations” published on June 26, 2017 as well as Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of PDC Energy, Inc.” with publication date: June 28, 2017.

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