PDC Energy Inc. (NASDAQ:PDCE) went down by -10.83% from its latest closing price compared to the recent 1-year high of $89.22. The company’s stock price has collected -23.00% of loss in the last five trading sessions.
Is It Worth Investing in PDC Energy Inc. (NASDAQ :PDCE) Right Now?
PDC Energy Inc. (NASDAQ:PDCE) scored a price-to-earnings ratio above its average ratio, recording 12.90 x from its present earnings ratio. Plus, the 36-month beta value for PDCE is at 2.56.
The average price from analysts is $107.31, which is $43.72 above the current price. PDCE currently public float of 95.06M and currently shorts hold a 8.06% ratio of that float. Today, the average trading volume of PDCE was 1.17M shares.
PDCE’s Market Performance
PDCE stocks went down by -23.00% for the week, with a monthly jump of 0.65% and a quarterly performance of -5.39%, while its annual performance rate touched 44.80%. The volatility ratio for the week stands at 8.35% while the volatility levels for the past 30 days are set at 5.91% for PDC Energy Inc. The simple moving average for the period of the last 20 days is -16.90% for PDCE stocks with a simple moving average of 8.54% for the last 200 days.
Analysts’ Opinion of PDCE
Many brokerage firms have already submitted their reports for PDCE stocks, with Seaport Global Securities repeating the rating for PDCE by listing it as a “Buy.” The predicted price for PDCE in the upcoming period, according to Seaport Global Securities is $45 based on the research report published on April 05th of the previous year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see PDCE reach a price target of $23. The rating they have provided for PDCE stocks is “Overweight” according to the report published on September 23rd, 2020.
Goldman gave a rating of “Buy” to PDCE, setting the target price at $20 in the report published on August 13th of the previous year.
PDCE Trading at -12.48% from the 50-Day Moving Average
After a stumble in the market that brought PDCE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.39% of loss for the given period.
Volatility was left at 5.91%, however, over the last 30 days, the volatility rate increased by 8.35%, as shares sank -2.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.51% lower at present.
During the last 5 trading sessions, PDCE fell by -23.00%, which changed the moving average for the period of 200-days by +53.91% in comparison to the 20-day moving average, which settled at $77.86. In addition, PDC Energy Inc. saw 32.80% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PDCE starting from Peterson Lynn A, who sale 7,000 shares at the price of $80.55 back on Jun 15. After this action, Peterson Lynn A now owns 296,167 shares of PDC Energy Inc., valued at $563,825 using the latest closing price.
Meyers R Scott, the SVP, CFO of PDC Energy Inc., sale 1,000 shares at $80.51 during a trade that took place back on Jun 01, which means that Meyers R Scott is holding 117,128 shares at $80,510 based on the most recent closing price.
Stock Fundamentals for PDCE
Current profitability levels for the company are sitting at:
- +52.11 for the present operating margin
- +57.20 for the gross margin
The net margin for PDC Energy Inc. stands at +20.42. Equity return is now at value 18.70, with 9.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.