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Bronson Point Management Boosted Carpenter Technology (CRS) Position By $1.00 Million; PDC Energy (PDCE)’s Sentiment Is 1.15

PDC Energy, Inc. (NASDAQ:PDCE) Logo

PDC Energy Inc (PDCE) investors sentiment decreased to 1.15 in 2017 Q4. It’s down -0.45, from 1.6 in 2017Q3. The ratio worsened, as 105 institutional investors increased and opened new positions, while 91 sold and trimmed stakes in PDC Energy Inc. The institutional investors in our database now own: 66.20 million shares, up from 64.04 million shares in 2017Q3. Also, the number of institutional investors holding PDC Energy Inc in top ten positions increased from 2 to 3 for an increase of 1. Sold All: 32 Reduced: 59 Increased: 78 New Position: 27.

Bronson Point Management Llc increased Carpenter Technology Corp (CRS) stake by 20% reported in 2017Q4 SEC filing. Bronson Point Management Llc acquired 20,000 shares as Carpenter Technology Corp (CRS)’s stock declined 16.02%. The Bronson Point Management Llc holds 120,000 shares with $6.12M value, up from 100,000 last quarter. Carpenter Technology Corp now has $2.31B valuation. The stock increased 1.65% or $0.8 during the last trading session, reaching $49.28. About 172,360 shares traded. Carpenter Technology Corporation (NYSE:CRS) has risen 19.91% since April 16, 2017 and is uptrending. It has outperformed by 8.36% the S&P500.

The stock increased 1.90% or $1.01 during the last trading session, reaching $54.18. About 537,922 shares traded. PDC Energy, Inc. (PDCE) has declined 20.05% since April 16, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Analysts await PDC Energy, Inc. (NASDAQ:PDCE) to report earnings on May, 4. They expect $0.41 earnings per share, up 783.33% or $0.47 from last year’s $-0.06 per share. PDCE’s profit will be $27.05 million for 33.04 P/E if the $0.41 EPS becomes a reality. After $0.24 actual earnings per share reported by PDC Energy, Inc. for the previous quarter, Wall Street now forecasts 70.83% EPS growth.

Ratings analysis reveals 71% of PDC Energy’s analysts are positive. Out of 7 Wall Street analysts rating PDC Energy, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $69.0 while the high is $84.0. The stock’s average target of $77.75 is 43.50% above today’s ($54.18) share price. PDCE was included in 7 notes of analysts from August 25, 2016. The firm earned “Neutral” rating on Thursday, October 6 by Mizuho. The stock of PDC Energy, Inc. (NASDAQ:PDCE) has “Buy” rating given on Thursday, August 25 by Wunderlich. The stock of PDC Energy, Inc. (NASDAQ:PDCE) has “Buy” rating given on Monday, August 29 by Williams Capital Group. Goldman Sachs downgraded the shares of PDCE in report on Friday, December 16 to “Neutral” rating. The company was upgraded on Tuesday, August 30 by Seaport Global Securities. On Friday, September 2 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by KLR Group to “Accumulate” on Monday, December 5.

Since January 1, 0001, it had 0 buys, and 11 insider sales for $1.94 million activity.

Caymus Capital Partners L.P. holds 10.41% of its portfolio in PDC Energy, Inc. for 1.45 million shares. Mangrove Partners owns 899,252 shares or 6.25% of their US portfolio. Moreover, Oslo Asset Management As has 4.5% invested in the company for 237,819 shares. The Texas-based Nokomis Capital L.L.C. has invested 3.48% in the stock. Causeway Capital Management Llc, a California-based fund reported 4.78 million shares.

PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company has market cap of $3.57 billion. It operates through two divisions, Oil and Gas Exploration and Production, and Gas Marketing. It currently has negative earnings. The Oil and Gas Exploration and Production segment produces and sells natural gas and natural gas liquids to midstream service providers and marketers; and crude oil.

Investors sentiment decreased to 1.29 in 2017 Q4. Its down 0.10, from 1.39 in 2017Q3. It worsened, as 9 investors sold CRS shares while 68 reduced holdings. 38 funds opened positions while 61 raised stakes. 44.73 million shares or 2.70% more from 43.55 million shares in 2017Q3 were reported. Royal National Bank & Trust Of Canada, Ontario – Canada-based fund reported 15,529 shares. Qs Investors Ltd reported 946 shares. Blackrock Inc owns 4.95 million shares for 0.01% of their portfolio. First Advisors Ltd Partnership accumulated 38,152 shares. Envestnet Asset Mngmt reported 0% of its portfolio in Carpenter Technology Corporation (NYSE:CRS). Moreover, Rhumbline Advisers has 0.01% invested in Carpenter Technology Corporation (NYSE:CRS) for 96,493 shares. Teacher Retirement System Of Texas invested in 0.01% or 15,896 shares. California Employees Retirement System has 0.01% invested in Carpenter Technology Corporation (NYSE:CRS). The California-based Engines Advisors Limited Company has invested 0.02% in Carpenter Technology Corporation (NYSE:CRS). American Intl Gp invested in 127,136 shares. 24,203 were accumulated by Aperio Group. State Board Of Administration Of Florida Retirement Systems owns 22,329 shares or 0% of their US portfolio. Citigroup Inc invested 0% of its portfolio in Carpenter Technology Corporation (NYSE:CRS). South Dakota Invest Council holds 0.01% or 9,700 shares in its portfolio. Morgan Stanley reported 0% in Carpenter Technology Corporation (NYSE:CRS).

Among 7 analysts covering Carpenter Technology (NYSE:CRS), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Carpenter Technology had 15 analyst reports since October 19, 2015 according to SRatingsIntel. Seaport Global upgraded it to “Buy” rating and $45 target in Thursday, March 16 report. As per Monday, October 19, the company rating was downgraded by JP Morgan. The stock of Carpenter Technology Corporation (NYSE:CRS) earned “Hold” rating by Deutsche Bank on Wednesday, April 11. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, October 11. Cowen & Co maintained the stock with “Hold” rating in Friday, April 28 report. Seaport Global maintained Carpenter Technology Corporation (NYSE:CRS) rating on Monday, January 22. Seaport Global has “Buy” rating and $60.0 target. Rosenblatt maintained Carpenter Technology Corporation (NYSE:CRS) rating on Friday, February 5. Rosenblatt has “Buy” rating and $42 target. The company was maintained on Thursday, July 27 by Cowen & Co. The rating was maintained by Cowen & Co with “Hold” on Thursday, October 19. Longbow maintained it with “Buy” rating and $50 target in Friday, July 28 report.

PDC Energy, Inc. (NASDAQ:PDCE) Institutional Positions Chart

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