President and CEO, BROOKMAN BARTON R JR sold 2,000 shares of PDC Energy Inc. [PDCE]

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PDC Energy Inc.’s filing revealed that its President and CEO BROOKMAN BARTON R JR unloaded Company’s shares for reported $0.15 million on Nov 01. In the deal valued at $73.28 per share,2,000 shares were sold. As a result of this transaction, BROOKMAN BARTON R JR now holds 380,201 shares worth roughly $ 30.94 million.


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Then, Meyers R Scott sold 1,000 shares, generating $73,810 in total proceeds. Upon selling the shares at $73.81, the SVP, CFO now owns 112,128 shares.

Before that, Peterson Lynn A sold 7,000 shares. PDC Energy Inc. shares valued at $472,358 were divested by the Director at a price of $67.48 per share. As a result of the transaction, Peterson Lynn A now holds 268,167 shares, worth roughly $21.82 million.

Goldman downgraded its PDC Energy Inc. [PDCE] rating to a Neutral from a a Buy in a research note published. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”a Sector weight”‘ rating.

Price Performance Review of PDCE

On Monday, PDC Energy Inc. [NASDAQ:PDCE] saw its stock jump 5.39% to $81.38. Over the last five days, the stock has gained 12.81%. PDC Energy Inc. shares have risen nearly 66.83% since the year began. Nevertheless, the stocks have risen 43.52% over the past one year. While a 52-week high of $89.22 was reached on 06/09/22, a 52-week low of $44.00 was recorded on 01/03/22. SMA at 50 days reached $66.05, while 200 days put it at $66.49. A total of 0.89 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For PDCE Stock

The 24-hour chart illustrates a support level at 78.59, which if violated will result in even more drops to 75.81. On the upside, there is a resistance level at 83.20. A further resistance level may holdings at 85.02. The Relative Strength Index (RSI) on the 14-day chart is 73.90, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.55%. Stochastics %K at 88.16% indicates the stock is a selling.

How much short interest is there in PDC Energy Inc.?

A steep rise in short interest was recorded in PDC Energy Inc. stocks on Jul 14, 2022, dropping by -2.26 million shares to a total of 5.39 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.65 million shares. There was a decline of -41.93%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.45% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.17.

PDC Energy Inc. [PDCE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,432,848 shares, or roughly 9.80% of the outstanding PDCE shares. In other words, the investor’s shares have risen by 59,044 from its previous 13-F filing of 9373804.0. Additionally, BlackRock Fund Advisors decreased -22.91% of its stake after which the total value it holdings stand at $447,770,963, while Dimensional Fund Advisors LP reduced -5.78% of its stake to hold $294.35 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 586,748 shares of PDC Energy Inc., while SSgA Funds Management, Inc. bought -1,007,781 shares. At present, Wellington Management Co. LLP is holding 3,055,124 shares valued at $176.56 million. Jennison Associates LLC owned 2,558,201 shares of the company at the time of its most recent 13F filing, worth $147.84 million.

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