PDC Energy Inc. (NASDAQ:PDCE) went down by -2.96% from its latest closing price compared to the recent 1-year high of $89.22. The company’s stock price has collected -0.89% 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 12.46 x from its present earnings ratio. Plus, the 36-month beta value for PDCE is at 2.66. Opinions of the stock are interesting as 10 analysts out of 14 who provided ratings for PDC Energy Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $102.08, which is $43.74 above the current price. PDCE currently public float of 95.06M and currently shorts hold a 5.67% ratio of that float. Today, the average trading volume of PDCE was 1.65M shares.
PDCE’s Market Performance
PDCE stocks went down by -0.89% for the week, with a monthly jump of 9.88% and a quarterly performance of -14.80%, while its annual performance rate touched 57.65%. The volatility ratio for the week stands at 4.13% while the volatility levels for the past 30 days are set at 4.65% for PDC Energy Inc. The simple moving average for the period of the last 20 days is 4.75% for PDCE stocks with a simple moving average of 0.75% for the last 200 days.
Analysts’ Opinion of PDCE
Many brokerage firms have already submitted their reports for PDCE stocks, with MKM Partners repeating the rating for PDCE by listing it as a “Buy.” The predicted price for PDCE in the upcoming period, according to MKM Partners is $76 based on the research report published on July 20th of the current year 2022.
Seaport Global Securities, on the other hand, stated in their research note that they expect to see PDCE reach a price target of $45. The rating they have provided for PDCE stocks is “Buy” according to the report published on April 05th, 2021.
JP Morgan gave a rating of “Overweight” to PDCE, setting the target price at $23 in the report published on September 23rd of the previous year.
PDCE Trading at -7.21% 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 -29.85% of loss for the given period.
Volatility was left at 4.65%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares surge +13.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.73% lower at present.
During the last 5 trading sessions, PDCE fell by -0.89%, which changed the moving average for the period of 200-days by +23.14% in comparison to the 20-day moving average, which settled at $60.14. In addition, PDC Energy Inc. saw 28.31% 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 BROOKMAN BARTON R JR, who sale 2,000 shares at the price of $63.64 back on Aug 01. After this action, BROOKMAN BARTON R JR now owns 386,201 shares of PDC Energy Inc., valued at $127,288 using the latest closing price.
Meyers R Scott, the SVP, CFO of PDC Energy Inc., sale 1,000 shares at $64.54 during a trade that took place back on Aug 01, which means that Meyers R Scott is holding 115,128 shares at $64,540 based on the most recent closing price.
Stock Fundamentals for PDCE
Equity return is now at value 18.70, with 9.20 for asset returns.