PDC Energy, Inc. (PDCE)
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]
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 StatementsAnalyst 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.
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?

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.

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?

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...

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 $...

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.

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...

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,...

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...

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?

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,...

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.

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?

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.

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.

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 ...

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.

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...
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...

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...

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?

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...

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.

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?