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, 2017, it had approximately 452.9 million barrels of crude oil equivalent of proved reserves; and owned an interest in approximately 2,900 gross productive 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 1969 and is headquartered in Denver, Colorado.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNASDAQ:PDCE
Previous SymbolNASDAQ:PETD
CUSIP69327R10
Phone303-860-5800
Debt
Debt-to-Equity Ratio0.53
Current Ratio0.38
Quick Ratio0.38
Price-To-Earnings
Trailing P/E Ratio-8.62
Forward P/E Ratio16.58
P/E Growth0.44
Sales & Book Value
Annual Sales$921.62 million
Price / Sales2.15
Cash Flow$3.8873 per share
Price / Cash Flow7.72
Book Value$38.07 per share
Price / Book0.79
Profitability
EPS (Most Recent Fiscal Year)($3.48)
Net Income$-127,500,000.00
Net Margins-10.52%
Return on Equity3.64%
Return on Assets1.96%
Miscellaneous
EmployeesN/A
Outstanding Shares66,080,000
Market Cap$2.01 billion
OptionableOptionable
PDC Energy (NASDAQ:PDCE) Frequently Asked Questions
What is PDC Energy's stock symbol?
PDC Energy trades on the NASDAQ under the ticker symbol "PDCE."
How were PDC Energy's earnings last quarter?
PDC Energy Inc (NASDAQ:PDCE) announced its quarterly earnings results on Monday, November, 5th. The energy producer reported $0.48 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.59 by $0.11. The energy producer earned $280.70 million during the quarter, compared to analyst estimates of $337.69 million. PDC Energy had a negative net margin of 10.52% and a positive return on equity of 3.64%. The firm's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter last year, the business earned ($3.85) EPS. View PDC Energy's Earnings History.
When is PDC Energy's next earnings date?
What price target have analysts set for PDCE?
24 brokerages have issued 1-year target prices for PDC Energy's shares. Their predictions range from $40.00 to $88.00. On average, they anticipate PDC Energy's share price to reach $69.3158 in the next year. This suggests a possible upside of 131.0% from the stock's current price. View Analyst Price Targets for PDC Energy.
What is the consensus analysts' recommendation for PDC Energy?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PDC Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PDC Energy.
Has PDC Energy been receiving favorable news coverage?
Media stories about PDCE stock have trended somewhat positive on Wednesday, InfoTrie reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. PDC Energy earned a daily sentiment score of 1.3 on InfoTrie's scale. They also gave press coverage about the energy producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future.
Who are some of PDC Energy's key competitors?
Some companies that are related to PDC Energy include Energen (EGN), Cimarex Energy (XEC), Encana (ECA), Parsley Energy (PE), WPX Energy (WPX), EQT (EQT), Murphy Oil (MUR), Antero Resources (AR), Viper Energy Partners (VNOM), Centennial Resource Development (CDEV), Black Stone Minerals (BSM), Vermilion Energy (VET), Newfield Exploration (NFX), Range Resources (RRC) and Magnolia Oil & Gas (MGY).
Who are PDC Energy's key executives?
PDC Energy's management team includes the folowing people:
- Mr. Barton R. Brookman Jr., CEO, Pres & Director (Age 56)
- Mr. Scott J. Reasoner, Chief Operating Officer (Age 57)
- Mr. Daniel W. Amidon, Sr. VP, Gen. Counsel & Corp. Sec. (Age 57)
- Mr. Lance A. Lauck, Exec. VP of Corp. Devel. & Strategy (Age 56)
- Mr. R. Scott Meyers, Chief Financial Officer (Age 43)
Who are PDC Energy's major shareholders?
PDC Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.94%), Vanguard Group Inc (9.94%), Dimensional Fund Advisors LP (5.87%), FMR LLC (5.76%), Victory Capital Management Inc. (5.39%) and Bank of New York Mellon Corp (2.67%). Company insiders that own PDC Energy stock include Barton R Brookman Jr, Daniel Willson Amidon, David C Parke, Jeffrey C Swoveland, Joseph E Casabona, Lance Lauck, Larry F Mazza and Scott J Reasoner. View Institutional Ownership Trends for PDC Energy.
Which institutional investors are selling PDC Energy stock?
PDCE stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Dimensional Fund Advisors LP, Teachers Advisors LLC, Connor Clark & Lunn Investment Management Ltd., Caymus Capital Partners L.P., Monarch Partners Asset Management LLC, Castleark Management LLC and Tributary Capital Management LLC. Company insiders that have sold PDC Energy company stock in the last year include Barton R Brookman Jr, Daniel Willson Amidon, David C Parke, Jeffrey C Swoveland, Lance Lauck, Larry F Mazza and Scott J Reasoner. View Insider Buying and Selling for PDC Energy.
Which institutional investors are buying PDC Energy stock?
PDCE stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Ferox Capital Management LP, FMR LLC, Perella Weinberg Partners Capital Management LP, Victory Capital Management Inc., Oslo Asset Management AS, Wedge Capital Management L L P NC and Vanguard Group Inc. View Insider Buying and Selling for PDC Energy.
How do I buy shares of PDC Energy?
Shares of PDCE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is PDC Energy's stock price today?
One share of PDCE stock can currently be purchased for approximately $30.01.
How big of a company is PDC Energy?
PDC Energy has a market capitalization of $2.04 billion and generates $921.62 million in revenue each year. The energy producer earns $-127,500,000.00 in net income (profit) each year or ($3.48) on an earnings per share basis.
What is PDC Energy's official website?
How can I contact PDC Energy?
PDC Energy's mailing address is 1775 SHERMAN STREET SUITE 3000, DENVER CO, 80203. The energy producer can be reached via phone at 303-860-5800 or via email at [email protected]
MarketBeat Community Rating for PDC Energy (NASDAQ PDCE)
MarketBeat's community ratings are surveys of what our community members think about PDC Energy and other stocks. Vote "Outperform" if you believe PDCE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PDCE will underperform the S&P 500 over the long term. You may vote once every thirty days.
