PDC Energy, Inc. (NASDAQ:PDCE) traded at $16.34 at last check on Friday, Nov 20, making a downturn move of -2.74% on its previous day’s price.
Looking at the stock we see that its previous close was $16.8 and the beta (5Y monthly) reads 3.14 with the day’s price range being $16.21 – 16.90. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, PDCE has a high of $27.84 and a low of $4.51. The company’s stock has gained about 21.62% over that past 30 days.
PDC has a market cap of $1.5 Billion and is expected to release its quarterly earnings report on November 04, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the PDCE stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.71, with the EPS growth for the year declined at -$6.41 for 2020 and $2.2 for next year. These figures represent -8.72% and at -1.34% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $379.96 Million, with a low of $368.3 Million and a high of $398.2 Million. The median projection represents growth adding up to 43.4% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $1.43 Billion, or +23.7% up from figures reported last year.
There have been 4 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PDCE stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare PDC (PDCE) stock to its peers. We find that today’s price change of -2.74% and -32.95% over the past 12 months for PDCE competes that of Eog Resources (EOG), which has seen its stock price fall -0.15% in the latest trading session and is -38.09% over the last one year. Another of its peers Pioneer Natural Resources Company (PXD) has dropped -0.85% today, but is -26.72% down over the past year, while Cheniere Energy (LNG) is also down -2.74% yet its price remains in the red at -32.95% over the same period. Eog has a P/E ratio of 0 compared to PDC’s 0 and Pioneer’s 91.68. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to PDC Energy, Inc. (NASDAQ:PDCE), we note that the average 3-month trading volume was 1.43 Million, while that of the preceding 10-day period stands at 1.39 Million. Current shares outstanding are 99.64 Million.
According to data from Thomson Reuters, insiders hold 1.22% of the company’s shares while institutions hold 106.1%. The data shows that short shares as of October 29, 2020, stood at 9.33 Million at a short ratio of 7.53. This represents a 9.36% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 9.07 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -37.56% down in year-to-date price movement.