PDC Energy Inc. (NASDAQ: PDCE)’s stock price has dropped by -1.50 in relation to previous closing price of 71.98. Nevertheless, the company has seen a gain of 9.14% in its stock price over the last five trading days. The Wall Street Journal reported on 05/22/23 that Why Big Oil Likes Small Deals
Is It Worth Investing in PDC Energy Inc. (NASDAQ: PDCE) Right Now?
The price-to-earnings ratio for PDC Energy Inc. (NASDAQ: PDCE) is above average at 3.07x. The 36-month beta value for PDCE is also noteworthy at 2.52. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for PDCE is $86.50, which is $19.77 above than the current price. The public float for PDCE is 86.72M, and at present, short sellers hold a 5.00% of that float. The average trading volume of PDCE on May 25, 2023 was 1.09M shares.
PDCE’s Market Performance
PDCE’s stock has seen a 9.14% increase for the week, with a 13.13% rise in the past month and a 5.63% gain in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 3.08% for PDC Energy Inc. The simple moving average for the last 20 days is 10.00% for PDCE’s stock, with a simple moving average of 7.78% for the last 200 days.
PDCE Trading at 10.09% 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 -19.73% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +12.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.73% upper at present.
During the last 5 trading sessions, PDCE rose by +9.25%, which changed the moving average for the period of 200-days by +26.48% in comparison to the 20-day moving average, which settled at $64.86. In addition, PDC Energy Inc. saw 11.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PDCE starting from Welling Troy M., who sale 1,200 shares at the price of $63.37 back on May 17. After this action, Welling Troy M. now owns 13,269 shares of PDC Energy Inc., valued at $76,044 using the latest closing price.
Meyers R Scott, the EVP, CFO of PDC Energy Inc., sale 2,500 shares at $63.05 during a trade that took place back on May 15, which means that Meyers R Scott is holding 159,910 shares at $157,625 based on the most recent closing price.
Stock Fundamentals for PDCE
Current profitability levels for the company are sitting at:
- +62.13 for the present operating margin
- +65.76 for the gross margin
The net margin for PDC Energy Inc. stands at +41.26. The total capital return value is set at 58.14, while invested capital returns managed to touch 38.67. Equity return is now at value 56.90, with 27.60 for asset returns.
Based on PDC Energy Inc. (PDCE), the company’s capital structure generated 34.19 points at debt to equity in total, while total debt to capital is 25.48. Total debt to assets is 16.58, with long-term debt to equity ratio resting at 34.04. Finally, the long-term debt to capital ratio is 25.37.
When we switch over and look at the enterprise to sales, we see a ratio of 1.79, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 9.12 and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
In summary, PDC Energy Inc. (PDCE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
