The EVP, Corp. Dev. & Strategy of PDC Energy (NASDAQ: PDCE) is Selling Shares

By Carrie Williams

Today, the EVP, Corp. Dev. & Strategy of PDC Energy (NASDAQ: PDCE), Lance Lauck, sold shares of PDCE for $539.5K.

This is Lauck’s first transaction since reporting a Sell transaction on PETD back in January 2014 In addition to Lance Lauck, 3 other PDCE executives reported Sell trades in the last month.

Based on PDC Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $280 million and quarterly net profit of $77.64 million. In comparison, last year the company earned revenue of $172 million and had a GAAP net loss of $55.64 million. The company has a one-year high of $66.01 and a one-year low of $36.74. Currently, PDC Energy has an average volume of 888.6K.

Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $72, reflecting a -23.8% downside.

The insider sentiment on PDC Energy has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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PDC Energy, Inc. is a natural gas and crude oil company. It operates through the Oil and Gas Exploration, and Production; and Gas Marketing segments. The Oil and Gas Exploration and Production segment engages in the production and sale of natural gas, natural gas liquids and crude oil. The Gas Marketing segment consists of Riley Natural Gas co.’s activities.