Algert Global LLC invested $3.86 million in PDC Energy, Inc.

According to Algert Global LLC's most recent Form 13F filing with the Securities and Exchange Commission, the company increased its holdings in PDC Energy, Inc. during the third quarter of 2018. (NASDAQ: PDCE). The investment fund paid $3,856,000 for 66,727 shares of energy production stock. PDC Energy's most recent filing with the Securities and Exchange Commission revealed that Algert Global LLC held about 0.07% of the firm. This information was given by PDC Energy.

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Several studies have concentrated their attention on the PDCE. Mizuho reduced their price objective for PDC Energy in a report issued on Friday from $97.00 to $93,000. Trust Financial, an investing organization, changed its recommendation for PDC Energy from "buy" to "hold." They also set their price goal for the stock at $68.00. A report was made accessible to the general public on Monday, December 12. Prior to March 4, PDC Energy had a "buy" rating from StockNews.com; however, as of March 4, that rating has been modified to a "hold" one.

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Roth Capital confirmed its "buy" rating on PDC Energy shares in a research report released on February 17. Four market analysts have given the stock a rating of "hold," four others have given it a rating of "buy," and none have given it a rating of "hold." According to Trade Algo, the company is currently regarded as having a recommendation of "Moderate Buy," and analysts have assigned an average price objective of $83.33 for the stock.

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After recent transactions, some institutional investors and hedge funds have reduced the amount of the company's shares they now own in their portfolios. During the third quarter, Money Concepts Capital Corporation made a transaction that increased its holdings in PDC Energy shares by 1.9%. Money Concepts Capital Corp. now owns 7,406 shares of the oil producer's stock, valued at $428,00, after acquiring an additional 137 shares during the last recent quarter. These shares were purchased during the most recent fiscal quarter.

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During the third quarter, Apollon Wealth Management LLC increased its holdings in PDC Energy shares by 2.3%. Apollon Wealth Management LLC now directly owns 6,355 shares of the energy producer's stock, valued at $367,000. This follows the acquisition of 143 additional shares during the most recent quarter.

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Guggenheim Capital LLC raised the value of the total number of shares it owned in PDC Energy during the third quarter by acquiring an extra 145 of the company's shares. This resulted in a 0.5% rise in the total value of the shares it held. As a consequence, it currently holds 28,899 shares of the energy company, each worth $1,670,000. Securian Asset Management Inc. boosted its investment in PDC Energy shares by 1.8% during the third quarter, bringing its total ownership percentage to 100%.

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Securian Asset Management Inc. now owns 8,794 shares of the energy producer's stock after acquiring an additional 154 shares during the period. The firm is worth $508,000 based on the current market price. Fifth Third Bank effectively grew its PDC Energy holdings by 23.6% during the third quarter. Fifth Third Bank now owns 853 shares of the energy company's stock, which is now worth $49,000. This is because the bank purchased 163 shares throughout the relevant period. The majority of the company's shares, up to 96.16%, are held by financial institutions.

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On Friday, the price of a single share of NASDAQ: PDCE was expected to begin trading at $66.94. The business has a price-to-earnings ratio of 3.62, a price-to-earnings-to-growth ratio of 0.12, and a beta value of 2.54, respectively. The corporation has a market valuation of $5.92 billion. The stock's moving average price over the last 50 days is $65.67, and it is $67.02 for the last 200 days. PDC Energy, Inc.'s stock price fell to $51.72 during the previous year, while it rose to $89.22. A debt-to-equity ratio of 0.33, a current ratio of 0.42, and a quick ratio of 0.42 are all identical.

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PDC Energy, which trades under the ticker NASDAQ: PDCE, released its most recent earnings report on February 22. The energy firm announced earnings per share (EPS) of $3.22 for the quarter, $0.17 more than the market's forecast of $3.05. PDC Energy had a net margin of 46.24% and a return on equity of 42.844%. The company's revenues for the quarter were $879.50 million, which was much lower than the average estimate of $892.11 million. In comparison to the same quarter last year, the company's profits per share came in at $2.86.

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The company's quarterly sales decreased by 41.8% as compared to the same time the prior year. According to industry analysts, PDC Energy, Inc. is predicted to have a profit of 14.2 cents per share in 2018.

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Furthermore, the firm has issued a quarterly dividend, which will be paid on March 16 of this year. The dividend payment of $0.40 will be issued to shareholders presently recorded in the company's books on Thursday, March 2. The day on which stockholders will no longer receive this dividend payment is March 1. This translates to a $1.60 yearly dividend payout and a dividend yield of 2.39% for the stock. PDC Energy maintains its dividend payout ratio (DPR) of 8.65%.

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