PDC Energy, Inc. (PDCE)

NASDAQ: PDCE · IEX Real-Time Price · USD
64.18
+1.21 (1.92%)
Mar 31, 2023, 4:00 PM EDT - Market closed
1.92%
Market Cap 5.67B
Revenue (ttm) 3.85B
Net Income (ttm) 1.78B
Shares Out 88.39M
EPS (ttm) 18.49
PE Ratio 3.47
Forward PE 3.79
Dividend $2.10 (3.27%)
Ex-Dividend Date Mar 1, 2023
Volume 621,143
Open 63.42
Previous Close 62.97
Day's Range 63.27 - 64.68
52-Week Range 51.72 - 89.22
Beta 2.55
Analysts Buy
Price Target 89.25 (+39.06%)
Earnings Date May 2, 2023

About PDCE

PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. As of December 31, 2021, it owned interests in approximately 3,500 productive gross wells. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012. PDC Energy, Inc. was founded in 19... [Read more]

Industry Oil & Gas E&P
Sector Energy
Founded 1969
Employees 535
Stock Exchange NASDAQ
Ticker Symbol PDCE
Full Company Profile

Financial Performance

In 2022, PDC Energy's revenue was $3.85 billion, an increase of 107.22% compared to the previous year's $1.86 billion. Earnings were $1.78 billion, an increase of 240.43%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for PDCE stock is "Buy." The 12-month stock price forecast is $89.25, which is an increase of 39.06% from the latest price.

Price Target
$89.25
(39.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Is PDC Energy (PDCE) Down 9.6% Since Last Earnings Report?

PDC Energy (PDCE) reported earnings 30 days ago. What's next for the stock?

1 week ago - Zacks Investment Research

PDC Energy (PDCE) Moves Up Since Q4 Earnings Beat: Here's Why

PDC Energy (PDCE) forecast a capital spending budget between $1.35 billion and $1.5 billion for 2023.

3 weeks ago - Zacks Investment Research

PDC Energy (PDCE) Tops Q4 Earnings and Revenue Estimates

PDC Energy (PDCE) delivered earnings and revenue surprises of 4.21% and 3.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

PDC Energy, Inc. Announces Full-Year and Fourth Quarter 2022 Financial and Operating Results; Provides 2023 Guidance

DENVER, Feb. 22, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced its full year and fourth quarter 2022 financial and operating results and provided 2023 guid...

1 month ago - GlobeNewsWire

PDC Energy Declares Increased Quarterly Cash Dividend on Common Shares and Announces $750 Million Increase to Share Buyback Authorization

DENVER, Feb. 16, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared an increase to its quarterly cash dividend from $...

1 month ago - GlobeNewsWire

PDC Energy (PDCE) Earnings Expected to Grow: Should You Buy?

PDC Energy (PDCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

PDC Energy Announces 2022 Fourth Quarter and Year-End Conference Call – Thursday February 23, 2023

DENVER, Jan. 31, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss fourth quarter and full-year 2022 operating...

2 months ago - GlobeNewsWire

PDC Energy Announces Unanimous Approval of The Guanella Comprehensive Area Plan Adding Clear Line of Sight for Sustainable Long-Term Colorado Development Activities

DENVER, Dec. 08, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission (“COGCC”) unanimously approved,...

4 months ago - GlobeNewsWire

PDC Energy Declares Quarterly Cash Dividend and Additional Special Dividend on Common Shares

DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition...

4 months ago - GlobeNewsWire

Why Is PDC Energy (PDCE) Down 5.6% Since Last Earnings Report?

PDC Energy (PDCE) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Our 7 Top Stock Picks for December 2022

I'm tasked with providing readers with some of the final top stock picks of the year. It's been brutal for some S&P 500 stocks in 2022.

Other symbols: CCRNGOGOGRBKLPXMATXPFG
4 months ago - InvestorPlace

3 Stocks That Could Be the Next Big M&A Targets

Bloomberg Law recently discussed the global mergers and acquisitions (M&A) market. Their analysis pointed out that even though the 2022 M&A volume is down from a record number of transactions in 2021,...

Other symbols: CELHLNTH
4 months ago - InvestorPlace

PDC Energy (PDCE) Moves Up Since Q3 Earnings Beat: Here's Why

PDC Energy (PDCE) forecast a capital spending budget of around $1.075 billion for 2022.

4 months ago - Zacks Investment Research

PDC Energy (PDCE) Q3 Earnings Miss Estimates

PDC Energy (PDCE) delivered earnings and revenue surprises of -8.72% and 42.05%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

PDC Energy, Inc. Announces 2022 Third Quarter Financial and Operating Results

DENVER, Nov. 02, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” the “Company”, “we”, “us”, “our”) (Nasdaq:PDCE) today announced its 2022 third quarter financial and operating results.

5 months ago - GlobeNewsWire

PDC Energy (PDCE) Reports Next Week: Wall Street Expects Earnings Growth

PDC Energy (PDCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

PDC Energy Announces 2022 Third Quarter Conference Call – Thursday November 3, 2022

DENVER, Oct. 05, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss third quarter 2022 operating and financial ...

6 months ago - GlobeNewsWire

10 energy stocks that are analysts' favorites as OPEC makes oil-production cuts

The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines.

6 months ago - Market Watch

Is PDC Energy (PDCE) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

6 months ago - Zacks Investment Research

KeyBanc's Rezvan makes the bull case for oil stocks

Tim Rezvan, managing director of equity research at KeyBanc Capital Markets, joins 'The Exchange' to discuss opportunities for mid-cap growth in energy markets, U.S. oil production growth forecasts an...

6 months ago - CNBC Television

PDC Energy Publishes Annual Environmental, Social and Governance (“ESG”) Materials Highlighting Progress on Key Metrics and Material Initiatives

DENVER, Sept. 19, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today the publication of the Company's 2022 environmental, social and governance (“ESG”) m...

6 months ago - GlobeNewsWire

Why Is PDC Energy (PDCE) Up 18.8% Since Last Earnings Report?

PDC Energy (PDCE) reported earnings 30 days ago. What's next for the stock?

7 months ago - Zacks Investment Research

PDC Energy Declares Quarterly Cash Dividend on Common Shares

DENVER, Aug. 25, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.35 per share on P...

7 months ago - GlobeNewsWire

PDC Energy (PDCE) Q2 Earnings Beat on Strong Realizations

PDC Energy (PDCE) forecast a capital spending budget between $1.025 billion and $1.075 billion for 2022.

8 months ago - Zacks Investment Research

PDC Energy (PDCE) Q2 Earnings and Revenues Surpass Estimates

PDC Energy (PDCE) delivered earnings and revenue surprises of 11.82% and 3.82%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research