Finance

Dissecting the Insider Trading Patterns of PDC Energy, Inc. (PDCE)

Recent insider trends for PDC Energy, Inc. (NASDAQ:PDCE) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of PDCE, the data has some interesting implications for where the stock might be headed.

Institutions own 102.10% of PDC Energy, Inc. (PDCE)’s shares. The total value of these holdings, in millions, is $3,242. Among active positions in the latest quarter, 143 holders increased their positions by a total of 9.5 million shares, 101 holders decreased the positions by a total of 7.43 million shares, and 29 holders held their positions. This works out to a net increase in ownership of 2.07 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 32 holders initiated new positions by a total of 1.48 million shares and 39 holders exited their positions by a total of 2.13 million shares. This nets out to a decrease of 641861 shares and is another bearish sign for PDCE.

In the last three months, insiders executed a total of 2 trades. 1 of these were buys and 1 were sells. Insider ownership increased by a total of 154 shares, which suggests that PDCE’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 18 buys and 35 sells, and ownership increased by a net of 25839 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. PDC Energy, Inc. (NASDAQ:PDCE)’s short interest is 6.49 million shares, or 10.03% of the float. This represents a decrease of -10% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for PDCE. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PDCE is a Weak sell, which implies that PDCE is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that PDC Energy, Inc. (NASDAQ:PDCE) is overvalued.

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