During the last session, PDC Energy Inc. (NASDAQ:PDCE)’s traded shares were 2.28 million, with the beta value of the company hitting 2.56. At the end of the trading day, the stock’s price was $61.16, reflecting an intraday loss of -9.95% or -$6.76. The 52-week high for the PDCE share is $89.22, that puts it down -45.88 from that peak though still a striking 44.15% gain since the share price plummeted to a 52-week low of $34.16. The company’s market capitalization is $6.81B, and the average trade volume was 1.21 million shares over the past three months.
PDC Energy Inc. (PDCE) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.90. PDCE has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $4.01.
PDC Energy Inc. (NASDAQ:PDCE) trade information
PDC Energy Inc. (PDCE) registered a -9.95% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.95% in intraday trading to $61.16 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -25.09%, and it has moved by -9.83% in 30 days. Based on these gigs, the overall price performance for the year is 33.37%.
The consensus price target of analysts on Wall Street is $107.31, which implies an increase of 43.01% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $85.00 and $137.00 respectively. As a result, PDCE is trading at a discount of -124.0% off the target high and -38.98% off the low.
PDC Energy Inc. (PDCE) estimates and forecasts
Statistics show that PDC Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. PDC Energy Inc. (PDCE) shares have gone up 34.21% during the last six months, with a year-to-date growth rate more than the industry average at 134.42% against 26.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 141.60% this quarter and then jump 100.40% in the quarter after that. In the rating firms’ projections, revenue will increase 91.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $866.74 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $982.22 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $228.87 million and $486.36 million respectively. In this case, analysts expect current quarter sales to grow by 278.70% and then jump by 102.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 24.90%. While earnings are projected to return 170.70% in 2022, the next five years will return 27.20% per annum.
PDC Energy Inc. is due to release its next quarterly earnings between February 22 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for PDC Energy Inc. is 1.40, with the dividend yield indicating at 2.29 percent, continuing the trend of increasing dividends in recent years.
PDC Energy Inc. (NASDAQ:PDCE)’s Major holders
PDC Energy Inc. insiders own 1.28% of total outstanding shares while institutional holders control 96.34%, with the float percentage being 97.60%. Blackrock Inc. is the largest shareholder of the company, while 462 institutions own stock in it. As of Mar 30, 2022, the company held over 11.12 million shares (or 11.65% of all shares), a total value of $807.98 million in shares.
The next largest institutional holding, with 10.68 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 11.20% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $521.16 million.
Also, the Mutual Funds coming in first place with the largest holdings of PDC Energy Inc. (PDCE) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2022 indicates that iShares Core S&P Smallcap ETF owns about 6.85 million shares. This amounts to just over 7.18 percent of the company’s overall shares, with a $406.04 million market value. The same data shows that the other fund manager holds slightly less at 2.77 million, or about 2.90% of the stock, which is worth about $135.05 million.