PDC Energy (PDCE) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PDC Energy in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PDCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PDCE, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued 1 year price targets for PDC Energy's stock. Their PDCE share price forecasts range from $74.00 to $93.00. On average, they expect the company's stock price to reach $80.75 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
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PDC Energy's stock was trading at $63.48 at the beginning of 2023. Since then, PDCE shares have increased by 16.3% and is now trading at $73.85.
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PDC Energy, Inc. (NASDAQ:PDCE) issued its quarterly earnings data on Tuesday, August, 1st. The energy producer reported $2.65 EPS for the quarter, missing analysts' consensus estimates of $2.95 by $0.30. The energy producer earned $871.81 million during the quarter, compared to analyst estimates of $801.61 million. PDC Energy had a trailing twelve-month return on equity of 28.47% and a net margin of 43.85%.

PDC Energy declared a quarterly dividend on Wednesday, May 24th. Stockholders of record on Thursday, June 8th will be given a dividend of $0.40 per share on Thursday, June 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, June 7th.
Read our dividend analysis for PDCE.

ETFs with the largest weight of PDC Energy (NASDAQ:PDCE) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), AltShares Merger Arbitrage ETF (ARB), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), AltShares Event-Driven ET (EVNT), ProShares Merger ETF (MRGR), AXS Astoria Inflation Sensitive ETF (PPI), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and Invesco Energy Exploration & Production ETF (PXE).

PDC Energy (NASDAQ:PDCE) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCE will have a dividend payout ratio of 10.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDCE.

Based on aggregate information from My MarketBeat watchlists, some companies that other PDC Energy investors own include Advanced Micro Devices (AMD), Energy Transfer (ET), RTX (RTX), Intel (INTC), Boeing (BA), Pfizer (PFE), Callon Petroleum (CPE), Walt Disney (DIS), Diamondback Energy (FANG) and WPX Energy (WPX).

PDC Energy trades on the NASDAQ under the ticker symbol "PDCE."

PDC Energy's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.06%), Dimensional Fund Advisors LP (5.06%), State Street Corp (3.87%), Alpine Associates Management Inc. (2.12%), Victory Capital Management Inc. (1.75%) and Harris Associates L P (1.65%). Insiders that own company stock include Anthony J Crisafio, Barton R Brookman Jr, Barton R Brookman, Jr, David C Parke, David Lillo, Lance Lauck, Lynn A Peterson, Nicole L Martinet, Pamela R Butcher, Paul Korus, R Scott Meyers, Randy S Nickerson and Troy M Welling.
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Shares of PDCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PDCE stock can currently be purchased for approximately $73.85.

PDC Energy (NASDAQ:PDCE) has a market capitalization of $6.43 billion and generates $4.68 billion in revenue each year. The energy producer earns $1.78 billion in net income (profit) each year or $20.01 on an earnings per share basis.

The company employs 616 workers across the globe.

PDC Energy's mailing address is 1775 SHERMAN STREET SUITE 3000, DENVER CO, 80203. The official website for the company is www.pdce.com. The energy producer can be reached via phone at (303) 860-5800, via email at kyle.sourk@pdce.com, or via fax at 303-831-3988.