Solid Stocks For Income Investors: PDC Energy Inc. (PDCE) and Northern Oil and Gas Inc. (NOG)

On Sep 16, Crisafio Anthony J, Director sold 1,500 shares of PDC Energy Inc. (NASDAQ: PDCE), with the average selling price of the stock being $35.09 per share. The total amount realized from this sold $52,635. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director – SWOVELAND JEFFREY C sold an extra 2,500 shares of this stock in a transaction that took place a day before, on Jun 03, with a share sold at an average of $30.69 and a total of $76,725 was realized from this transaction. After the transaction, the Director – SWOVELAND JEFFREY C was left with 19,766 shares of the company’s stock, which is currently worth around $606618.54.

The recent price movement of PDCE means that it is now down by -41.87% from its 52-week high and 40.47% up against its 52-week low prices. Over the past one week, the price volatility of PDCE stands at 3.23% while the volatility over the past one month is 3.48%. The beta score for this stock is 1.26. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/06/2019 published its latest quarterly earnings, with the report showing that the company recorded -2.22 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.6 by -2.82. The revenue by the firm was 332.4M for the quarter.

The shares of PDC Energy Inc. (PDCE) gained by 4.29%, leading to a gain of $1.13 per share, and saw PDCE end the trading session at $27.49 on Friday 01/03/20. PDCE started the trading session at $27.15, before reaching a daily high of $27.72. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $26.93.

The trading volume on Friday stood at 1503583, which was below the stock’s 3-month average volume of 1.34 million shares, out of a total 60.88M shares. As the price of the stock climbed, the market valuation of the company gained to 1.72 billion.

The shares of Northern Oil and Gas Inc. (NYSE: NOG) went up by 3.59% by the end of the recent trading session. This movement saw its price surge to close at $2.31, which was higher than the previous closing price of $2.23. Over the past one week, the price of NOG has slipped by -3.35%, while it has recorded a gain of 24.86% over the past one month. Its three-month performance saw NOG gain 23.53% while its six-month performance saw it surge by 16.67%. The situation is different though over the past one year, as the stock price went down by -5.33%, while its year-to-date (YTD) price performance slipped by -1.28%. The stock price has gone up by +31.25% compared to its 90-day low, while it is down -4.94% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 7,820,530 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 6,286,228 shares and the indicators have an average rating of 50% Buy. The last indicators, the long-term see NOG stock with a 100-Day average volume of 6,369,777 shares, giving it an average rating of 50% Buy. A look at the general picture of all short, medium and long-term indicators leaves NOG with an average rating of 72% Buy.

Several brokerage firms sent out their reports NOG stock not long ago. In its report sent out on December 20, 2019, Imperial Capital lowered its ratings on NOG from a In-line to a Outperform. In an earlier report on January 23, 2019, Imperial Capital Reiterated the stock to a In-line. CapitalOne meanwhile in its report on July 31, 2018 Upgrade its rating of the stock from a “Overweight” to “Overweight”.

In related news to the company’s stock, around 55.40% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 185 institutions currently hold the NOG stock. In the last quarter, a 194,794,821 NOG shares were in the possession of institutions. On the other hand, the company recorded 24 new institutions who bought it their stock, while 29 institutions sold their entire NOG reserve. Of the current institutions investing in the stock, 87 increased their investment while 69 decreased their investment in the stock.