PDC Energy (PDCE) : The money flow analysis of PDC Energy (PDCE) indicates a $17.71 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $22.54 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.27 and so was the total money flow at $4.83 million. The bulls lapped up $3.59 million worth of block trades on upticks. The money flow was $3.59 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of PDC Energy (PDCE), pushing it down by -1.02% for the day. The stock slid $0.68 and traded at $65.96 during the day. Nonetheless, the stock is -2.27% over the previous weeks close.
The company Insiders own 1.8% of PDC Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.83% . During last six month period, the net percent change held by insiders has seen a change of -30.07%.
In a related news,The director of Pdc Energy, Inc., Parke David C sold 500 shares at $61.84 on August 15, 2016. The Insider selling transaction had a total value worth of $30,920. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
PDC Energy (NASDAQ:PDCE): stock was range-bound between the intraday low of $65.2 and the intraday high of $67.78 after having opened at $67.63 on Fridays session. The stock finally closed in the red at $67.63, a loss of -1.02%. The stock remained in the red for the whole trading day. The total traded volume was 1,352,808 shares. The stock failed to cross $67.78 in Fridays trading. The stocks closing price on Thursday was $66.64.
PDC Energy (PDCE) has risen sharply, recording gains of 18.89% in the past 4 weeks. However, the stock has corrected -2.27% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 19.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
PDC Energy Inc. is a domestic independent exploration and production Company, which produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs). The Company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Companys Oil and Gas Exploration and Production segment primarily reflects revenues and expenses from the production and sale of crude oil, natural gas and NGLs, commodity price risk management, net, and well operations and pipeline income. The Companys Gas Marketing segment comprises the operating activities of its wholly owned subsidiary, Riley Natural Gas. The Company operates in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. Its operations in the Wattenberg Field are focused on the liquid-rich horizontal Niobrara and Codell plays. It owns an interest in approximately 2,900 gross producing wells, of which 350 are horizontal.