NEW YORK (
) hit a new 52-week low Friday as it is currently trading at $19.60, below its previous 52-week low of $19.61 with 256,727 shares traded as of 3:06 p.m. ET. Average volume has been 451,700 shares over the past 30 days.
Petroleum Development has a market cap of $496.4 million and is part of the
industry. Shares are down 49.8% year to date as of the close of trading on Thursday.
Petroleum Development Corporation, an independent energy company, engages in the exploration for, development, production, and marketing of oil and natural gas. The company specializes in the purchase, aggregation, and resale of natural gas from other producers.
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TheStreet Ratings rates Petroleum Development as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full
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