Puzzling Price Reaction : PDC Energy, Inc. (PDCE), NeoPhotonics Corporation (NPTN)

The stocks of PDC Energy, Inc. (NASDAQ:PDCE) has been Upgraded as a Buy from Hold by CFRA in its latest research note that was published on November 07. The stock also received a Neutral to Buy rating from BofA/Merrill with the price target of $42 to $50. This was contained in a research note published by the firm on September 10. The stock received a Buy rating and a price target of $42 to $50 in BofA/Merrill’s research note that was published on September 10.

PDC’s stock is covered by 23 analysts, with 18 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 4 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 18 analysts. 1 of them rated it as strong buy with 5 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that PDCE has an average analyst rating of Buy.

PDC Energy, Inc., which has current market capitalization of above $2 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $343 Million in revenue, which saw a quarterly growth rate of 4.46 percent. During that quarter of the year, PDC also recorded $-0.39 earnings per share (EPS) which is $-0.69 above the $0.3 estimated by the analysts, leading to a surprise factor of -230%.

PDCE surged by $2.79 during the normal trading session on Thursday and reaching a high of $25.70 during the day while it closed the day at $25.59. The PDC stock had a high trading volume of 3.00 million shares on that day, which is high compared to the average daily volume of 1.65M shares. PDCE has also gained 28.27% of its value over the past 7 days. However, the stock has declined by 9.93% in the 3 months of the year. Over the past six months meanwhile, it has lost 31.92% while it has lost 14.01% year-on date.

On November 01, 2019 cheung Chiyue, COO sold 6,000 shares of the company. The average price for that transaction was $7.8 per share, which meant that cheung Chiyue earned $46,800.00 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP, CFO, Eby Elizabeth Lynne purchasing 50,000 shares of this stock on May 29, 2019. The average purchasing price for the stock was $3.57 per share, with the purchased stock accruing $178,500.00. Following this transaction, the insider now holds 229,225 shares of the company, which is worth around $5,251,545.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that NPTN stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that NeoPhotonics has a 20-day average volume of 1059290 shares. This has led to the NPTN price forecast being placed as a 100%Buy on an average basis. In the medium term, however, the NPTN stock has its 50-Day average volume of 811622 shares, with the indicators also rating it as a 100%Buy. Finally, in the long-term, the NPTN stocks have a 100-Day average volume of 1109310 shares, with the long-term indicators rating the stock as just : 50%Buy. Looking at the three indicators, the NPTN stock has been set on a 0.88 Buy rating.

NeoPhotonics has around 72 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $104 Million. The NeoPhotonics stock is bringing in revenue of over 12 months, which is roughly 334 Million. Despite all that, NeoPhotonics Corporation is seeing things progressing very much as their y-o-y quarterly revenue surged by 5.38%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 100%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 100%. Over the past 20 days, NeoPhotonics’s Stochastic %K stood at 91.56% while its Stochastic %D was revealed to be 87.78%.