NEW YORK ( TheStreet) -- Petroleum Development Corporation (Nasdaq: PETD) is trading at unusually high volume Wednesday with 1.9 million shares changing hands. It is currently at 4.4 times its average daily volume and trading down 97 cents (-3.6%) at $26.28 as of 9:36 a.m. ET. Petroleum Development has a market cap of $698.1 million and is part of the basic materials sector and energy industry. Shares are down 22.4% year to date as of the close of trading on Tuesday. Petroleum Development Corporation, doing business as PDC Energy, engages in the acquisition, exploration, development, production, and marketing of natural gas, natural gas liquids, and crude oil in the United States. The company has a P/E ratio of 25, above the average energy industry P/E ratio of 14.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Petroleum Development as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and generally poor debt management. You can view the full Petroleum Development Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
HOST // Robert Powell
Retirement Planning Event
More from Markets
Bears Think They've Finally Found This Market's Kryptonite
The question to ponder is whether the problem Friday is a longer-term issue or not.
Why Nike Stock Drops After Strong Earnings, Plus More
Plus, Tesla got downgraded, in what as divergence in opinions persist.
Dow Slammed on Weak Global Manufacturing Data; Inverted Yield Curve Hits Banks
Stocks closed sharply lower Friday after Wall Street was rattled by weaker-than-expected manufacturing data in the U.S. and Europe.
Nike Stock Slides to Second Biggest One-Day Drop in Two Years
Nike gave up nearly two months of gains after an earnings release accelerated selling action.