PDC Energy, Inc. is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Company's Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. The Company's Gas Marketing segment purchases, aggregates and resells natural gas. The Company's operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays. Its Delaware Basin operations are focused in the Wolfcamp zones and its Ohio operations are focused in the Utica Shale play. As of December 31, 2016, the Company owned an interest in approximately 2,900 productive gross wells.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NASDAQ:PDCE
- CUSIP: 69327R10
- Web: www.pdce.com
- Market Cap: $3.38 billion
- Outstanding Shares: 65,228,000
- 50 Day Moving Avg: $56.62
- 200 Day Moving Avg: $67.11
- 52 Week Range: $50.12 - $84.88
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 37.86
- P/E Growth: 4.32
- Annual Revenue: $582.09 million
- Price / Sales: 5.81
- Book Value: $40.95 per share
- Price / Book: 1.27
- EBIDTA: $321.51 million
- Net Margins: -42.23%
- Return on Equity: -2.31%
- Return on Assets: -1.36%
- Debt-to-Equity Ratio: 0.52%
- Current Ratio: 6.24%
- Quick Ratio: 6.24%
- Average Volume: 1.22 million shs.
- Beta: 1.21
- Short Ratio: 5.74
Frequently Asked Questions for PDC Energy (NASDAQ:PDCE)
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) released its earnings results on Friday, May, 5th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.03. The company had revenue of $273.70 million for the quarter, compared to analyst estimates of $182.05 million. PDC Energy had a negative return on equity of 2.31% and a negative net margin of 42.23%. The company's revenue for the quarter was up 201.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.89) earnings per share. View PDC Energy's Earnings History.
Where is PDC Energy's stock going? Where will PDC Energy's stock price be in 2017?
23 analysts have issued 1 year price objectives for PDC Energy's stock. Their predictions range from $65.00 to $95.00. On average, they expect PDC Energy's stock price to reach $79.80 in the next year. View Analyst Ratings for PDC Energy.
What are analysts saying about PDC Energy stock?
Here are some recent quotes from research analysts about PDC Energy stock:
- 1. According to Zacks Investment Research, "PDC Energy, Inc. is engaged in acquiring, developing and exploring crude oil, NGLs and natural gas. It has operations primarily in the Western and Eastern regions of the United States. Its Western Operating Region is primarily focused on development in the Wattenberg Field in Colorado. Its Eastern Operating Region is focused on development activity in the liquid-rich portion of the Utica Shale play in Ohio. The Company is also focused on development drilling programs in resource plays. PDC Energy, Inc., formerly known as Petroleum Development Corporation, is based in Denver, Colorado. " (4/14/2017)
- 2. Williams Capital analysts commented, "At this early stage, PDCE has conservatively identified 710 drilling locations, which lends itself to 15–20 years of inventory at initial drilling plans. Ultimately, this acreage position has the potential for over 3,200 gross locations across the Wolfcamp and Bone Spring zones," (8/29/2016)
Are investors shorting PDC Energy?
PDC Energy saw a decrease in short interest in April. As of April 13th, there was short interest totalling 6,268,719 shares, a decrease of 4.3% from the March 31st total of 6,548,870 shares. Based on an average daily volume of 1,052,364 shares, the days-to-cover ratio is currently 6.0 days.
Who are some of PDC Energy's key competitors?
Some companies that are related to PDC Energy include Newfield Exploration (NFX), EnLink Midstream Partners LP (ENLK), Range Resources Corp. (RRC), Energen (EGN), Crescent Point Energy (CPG), National Fuel Gas (NFG), WPX Energy (WPX), Chesapeake Energy (CHK), Murphy Oil (MUR), Rice Energy (RICE), CONSOL Energy (CNX), Southwestern Energy Company (SWN), Black Stone Minerals LP (BSM), Laredo Petroleum (LPI), Gulfport Energy (GPOR), Kosmos Energy Ltd (KOS), Rice Midstream Partners LP (RMP) and Oasis Petroleum (OAS).
Who owns PDC Energy stock?
PDC Energy's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (11.40%), BlackRock Inc. (10.57%), Vanguard Group Inc. (7.67%), Dimensional Fund Advisors LP (5.19%), Kimmeridge Energy Management Company LLC (4.42%) and Victory Capital Management Inc. (4.22%). Company insiders that own PDC Energy stock include Anthony J Crisafio, Barton R Brookman Jr, Daniel Willson Amidon, David C Parke, Gysle R Shellum, James M Trimble, Jeffrey C Swoveland, Joseph E Casabona, Kimberly Luff Wakim and R Scott Meyers. View Institutional Ownership Trends for PDC Energy.
Who sold PDC Energy stock? Who is selling PDC Energy stock?
PDC Energy's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BNP Paribas Arbitrage SA, Jennison Associates LLC, Kalmar Investments Inc. DE, Bank of New York Mellon Corp, Dalton Greiner Hartman Maher & Co., UBS Asset Management Americas Inc. and Van ECK Associates Corp. Company insiders that have sold PDC Energy stock in the last year include Barton R Brookman Jr, Daniel Willson Amidon, David C Parke, Jeffrey C Swoveland, Joseph E Casabona, Kimberly Luff Wakim and R Scott Meyers. View Insider Buying and Selling for PDC Energy.
Who bought PDC Energy stock? Who is buying PDC Energy stock?
PDC Energy's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Victory Capital Management Inc., Dimensional Fund Advisors LP, Westwood Holdings Group Inc., FMR LLC, Vanguard Group Inc. and State Street Corp. View Insider Buying and Selling for PDC Energy.
How do I buy PDC Energy stock?
Shares of PDC Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of PDC Energy stock cost?
One share of PDC Energy stock can currently be purchased for approximately $51.87.
Earnings History for PDC Energy (NASDAQ:PDCE)Earnings History by Quarter for PDC Energy (NASDAQ:PDCE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/5/2017||Q1 2017||($0.03)||($0.06)||$182.05 million||$273.70 million||View||N/A|
|2/28/2017||Q4 2016||$0.04||$0.18||$206.40 million||$108.09 million||View||Listen|
|11/3/2016||Q316||($0.01)||($0.12)||$178.12 million||$164.00 million||View||N/A|
|8/9/2016||Q216||($0.06)||($0.11)||$160.18 million||$20.10 million||View||N/A|
|5/6/2016||Q1||($0.11)||($1.72)||$151.14 million||$90.80 million||View||N/A|
|2/22/2016||Q415||$0.45||$0.29||$173.60 million||$168.60 million||View||Listen|
|11/5/2015||Q315||$0.46||$0.38||$160.78 million||$231.10 million||View||N/A|
|8/10/2015||Q215||$0.41||$0.27||$142.79 million||$96.90 million||View||Listen|
|5/7/2015||Q115||$0.42||$0.19||$127.72 million||$144.60 million||View||N/A|
|2/19/2015||Q414||$0.21||($1.11)||$136.49 million||$407.00 million||View||N/A|
|11/6/2014||Q3||$0.24||$1.47||$151.16 million||$224.56 million||View||Listen|
|8/8/2014||Q2||$0.34||($0.04)||$143.08 million||$109.47 million||View||Listen|
|5/6/2014||Q1||$0.36||$0.27||$136.93 million||$129.80 million||View||N/A|
|2/20/2014||Q413||$0.25||$0.36||$118.72 million||$141.10 million||View||Listen|
|10/31/2013||Q313||$0.24||($0.07)||$103.26 million||$77.10 million||View||N/A|
|8/1/2013||Q2 2013||$0.26||$0.23||$95.76 million||$121.31 million||View||N/A|
|5/1/2013||Q1 2013||$0.20||($1.30)||$94.27 million||$71.82 million||View||N/A|
|2/27/2013||Q4 2012||($0.02)||($4.25)||$94.51 million||$108.60 million||View||N/A|
Earnings Estimates for PDC Energy (NASDAQ:PDCE)
2017 EPS Consensus Estimate: $0.27
2018 EPS Consensus Estimate: $1.90
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for PDC Energy (NASDAQ:PDCE)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for PDC Energy (NASDAQ:PDCE)
Insider Ownership Percentage: 1.80%Insider Trades by Quarter for PDC Energy (NASDAQ:PDCE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/17/2017||Joseph E Casabona||Director||Sell||1,000||$63.29||$63,290.00|| |
|4/3/2017||Barton R Brookman Jr||CEO||Sell||1,700||$62.27||$105,859.00|| |
|3/15/2017||David C Parke||Director||Sell||200||$64.66||$12,932.00|| |
|3/1/2017||Barton R Brookman Jr||CEO||Sell||1,700||$68.51||$116,467.00|| |
|2/1/2017||Barton R Brookman Jr||CEO||Sell||1,700||$74.50||$126,650.00|| |
|1/17/2017||Jeffrey C Swoveland||Chairman||Sell||1,700||$73.93||$125,681.00|| |
|1/3/2017||Barton R Brookman Jr||CEO||Sell||1,700||$73.53||$125,001.00|| |
|12/7/2016||Daniel Willson Amidon||VP||Sell||4,000||$78.27||$313,080.00|| |
|12/2/2016||R Scott Meyers||CAO||Sell||3,000||$75.41||$226,230.00|| |
|11/23/2016||Daniel Willson Amidon||VP||Sell||1,550||$70.02||$108,531.00|| |
|11/23/2016||Jeffrey C Swoveland||Insider||Sell||1,200||$69.10||$82,920.00|| |
|11/22/2016||Daniel Willson Amidon||VP||Sell||5,441||$68.73||$373,959.93|| |
|11/22/2016||Kimberly Luff Wakim||Director||Sell||2,000||$69.10||$138,200.00|| |
|8/15/2016||David C Parke||Director||Sell||500||$61.84||$30,920.00|| |
|7/1/2016||David C Parke||Director||Sell||400||$57.79||$23,116.00|| |
|5/17/2016||Gysle R Shellum||CFO||Sell||2,438||$63.98||$155,983.24|| |
|5/17/2016||Jeffrey C Swoveland||Chairman||Sell||1,500||$64.01||$96,015.00|| |
|5/17/2016||Kimberly Luff Wakim||Director||Sell||3,834||$64.02||$245,452.68|| |
|5/16/2016||Daniel Willson Amidon||VP||Sell||5,463||$62.60||$341,983.80|| |
|5/16/2016||David C Parke||Director||Sell||500||$61.26||$30,630.00|| |
|5/12/2016||Anthony J Crisafio||Director||Sell||1,500||$61.41||$92,115.00|| |
|5/11/2016||James M Trimble||Director||Sell||105,881||$60.32||$6,386,741.92|| |
|3/28/2016||Jeffrey C Swoveland||Chairman||Sell||1,700||$56.90||$96,730.00|| |
|3/15/2016||David C Parke||Director||Sell||250||$54.00||$13,500.00|| |
|2/26/2016||Gysle R Shellum||CFO||Sell||17,956||$51.05||$916,653.80|| |
|2/26/2016||James M Trimble||Director||Sell||9,487||$50.54||$479,472.98|| |
|2/25/2016||David C Parke||Director||Sell||1,000||$50.19||$50,190.00|| |
|2/25/2016||R Scott Meyers||CAO||Sell||4,300||$48.55||$208,765.00|| |
|12/10/2015||Gysle R Shellum||CFO||Sell||13,181||$56.63||$746,440.03|| |
|11/30/2015||Gysle R Shellum||CFO||Sell||5,247||$56.60||$296,980.20|| |
|11/20/2015||Anthony J Crisafio||Director||Sell||1,000||$54.79||$54,790.00|| |
|11/13/2015||Gysle R. Shellum||CFO||Sell||27,361||$58.40||$1,597,882.40|| |
|3/3/2015||Kimberly Luff Wakim||Director||Sell||1,000||$53.73||$53,730.00|| |
|7/1/2014||Anthony J Crisafio||Director||Sell||1,540||$63.60||$97,944.00|| |
|5/27/2014||Anthony J Crisafio||Director||Sell||1,500||$61.81||$92,715.00|| |
|11/13/2013||Gysle Shellum||CFO||Sell||5,578||$59.21||$330,273.38|| |
|11/5/2013||R Scott Meyers||CAO||Sell||5,000||$63.61||$318,050.00|| |
Headline Trends for PDC Energy (NASDAQ:PDCE)
Latest Headlines for PDC Energy (NASDAQ:PDCE)
PDC Energy (PDCE) Chart for Friday, May, 26, 2017