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DOW   33,999.04
QQQ   329.28
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Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
The ONLY Way to Play Markets Like These (Ad)pixel
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
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Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
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Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
The ONLY Way to Play Markets Like These (Ad)pixel
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
The ONLY Way to Play Markets Like These (Ad)pixel
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
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Gas-powered muscle cars drive into the sunset, turn electric

PDC Energy - PDCE Stock Forecast, Price & News

$65.54
+3.37 (+5.42%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$63.10
$65.89
50-Day Range
$53.85
$84.13
52-Week Range
$34.52
$89.22
Volume
1.13 million shs
Average Volume
1.51 million shs
Market Capitalization
$6.31 billion
P/E Ratio
5.19
Dividend Yield
2.25%
Price Target
$86.75

PDC Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.4% Upside
$86.75 Price Target
Short Interest
Healthy
5.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of PDC Energy in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$3.52 M Sold Last Quarter
Proj. Earnings Growth
3.07%
From $16.62 to $17.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Oils/Energy Sector

47th out of 254 stocks

Crude Petroleum & Natural Gas Industry

21st out of 80 stocks

PDCE stock logo

About PDC Energy (NASDAQ:PDCE) Stock

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 1969 and is headquartered in Denver, Colorado.

Analyst Ratings Changes

A number of brokerages recently commented on PDCE. Truist Financial decreased their target price on PDC Energy from $105.00 to $97.00 and set a "buy" rating on the stock in a report on Monday. MKM Partners reiterated a "buy" rating and issued a $76.00 price target on shares of PDC Energy in a research note on Wednesday, July 20th. TheStreet upgraded PDC Energy from a "c+" rating to a "b" rating in a research note on Wednesday, August 3rd. The Goldman Sachs Group cut their price target on PDC Energy from $87.00 to $77.00 and set a "buy" rating for the company in a research note on Tuesday, July 5th. Finally, Wells Fargo & Company increased their price target on PDC Energy from $102.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, July 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $86.75.

PDC Energy Trading Up 5.4 %

Shares of PDC Energy stock traded up $3.37 on Thursday, hitting $65.54. 1,132,684 shares of the company traded hands, compared to its average volume of 1,505,701. The stock's 50 day moving average price is $62.89 and its 200-day moving average price is $67.01. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.49. PDC Energy has a 52 week low of $34.52 and a 52 week high of $89.22. The company has a market cap of $6.31 billion, a PE ratio of 5.06 and a beta of 2.63.

PDC Energy (NASDAQ:PDCE - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The energy producer reported $5.11 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.54. PDC Energy had a net margin of 44.67% and a return on equity of 47.13%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Equities research analysts predict that PDC Energy will post 16.62 EPS for the current year.

PDC Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, June 8th. This is an increase from PDC Energy's previous quarterly dividend of $0.25. PDC Energy's payout ratio is currently 11.08%.

Insider Activity at PDC Energy

In related news, CEO Barton R. Brookman, Jr. sold 10,000 shares of PDC Energy stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $72.02, for a total transaction of $720,200.00. Following the transaction, the chief executive officer now directly owns 392,201 shares of the company's stock, valued at $28,246,316.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Barton R. Brookman, Jr. sold 10,000 shares of PDC Energy stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $72.02, for a total transaction of $720,200.00. Following the transaction, the chief executive officer now directly owns 392,201 shares of the company's stock, valued at $28,246,316.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Lillo sold 10,610 shares of PDC Energy stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $70.46, for a total transaction of $747,580.60. Following the transaction, the senior vice president now directly owns 57,743 shares in the company, valued at $4,068,571.78. The disclosure for this sale can be found here. Insiders have sold a total of 50,610 shares of company stock valued at $3,521,211 over the last ninety days. 1.20% of the stock is owned by company insiders.

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PDCE Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Brokerages Set PDC Energy, Inc. (NASDAQ:PDCE) PT at $87.75
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
PDC Energy (NASDAQ:PDCE) Shares Gap Down on Insider Selling
Is PDC Energy (PDCE) Set to Beat Again in Q2 Earnings?
PDC Energy (PDCE) Scheduled to Post Earnings on Wednesday
PDC Energy Remains Resistant To Monetary Policy
See More Headlines
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PDCE Company Calendar

Ex-Dividend for 6/23 Dividend
6/08/2022
Dividend Payable
6/23/2022
Last Earnings
8/03/2022
Today
8/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Current Symbol
NASDAQ:PDCE
Previous Symbol
NASDAQ:PETD
CUSIP
69327R10
Employees
535
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$86.75
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+32.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$522.31 million
Pretax Margin
50.24%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Cash Flow
$16.02 per share
Book Value
$36.04 per share

Miscellaneous

Free Float
95,151,000
Market Cap
$6.31 billion
Optionable
Optionable
Beta
2.63

Key Executives

  • Mr. Barton R. Brookman Jr.Mr. Barton R. Brookman Jr. (Age 60)
    CEO, Pres & Director
    Comp: $2.47M
  • Mr. R. Scott MeyersMr. R. Scott Meyers (Age 47)
    Sr. VP & CFO
    Comp: $1.21M
  • Mr. David J. LilloMr. David J. Lillo (Age 56)
    Sr. VP of Operations
    Comp: $970.25k
  • Ms. Nicole L. MartinetMs. Nicole L. Martinet (Age 45)
    Gen. Counsel, Sr. VP & Corp. Sec.
    Comp: $1.06M
  • Mr. Lance A. LauckMr. Lance A. Lauck (Age 60)
    Exec. VP of Corp. Devel. & Strategy
    Comp: $1.17M
  • Mr. Douglas J. Griggs (Age 62)
    Chief Accounting Officer
  • Mr. Erik Roach
    Director of Reservoir Engineering & Technology
  • Ms. Sandra Jacoby
    VP of Corp. Admin.
  • Mr. Bill Crawford
    Director Corp. Fin. & Investor Relations
  • Mr. George B. Courcier (Age 65)
    VP of Marketing & Midstream













PDCE Stock - Frequently Asked Questions

Should I buy or sell PDC Energy stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PDC Energy in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDCE shares.
View PDCE analyst ratings
or view top-rated stocks.

What is PDC Energy's stock price forecast for 2022?

7 brokers have issued 12 month target prices for PDC Energy's stock. Their PDCE share price forecasts range from $73.00 to $105.00. On average, they anticipate the company's stock price to reach $86.75 in the next year. This suggests a possible upside of 32.4% from the stock's current price.
View analysts price targets for PDCE
or view top-rated stocks among Wall Street analysts.

How have PDCE shares performed in 2022?

PDC Energy's stock was trading at $48.78 at the beginning of the year. Since then, PDCE stock has increased by 34.4% and is now trading at $65.54.
View the best growth stocks for 2022 here
.

When is PDC Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PDCE earnings forecast
.

How were PDC Energy's earnings last quarter?

PDC Energy, Inc. (NASDAQ:PDCE) announced its quarterly earnings results on Wednesday, August, 3rd. The energy producer reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.54. The energy producer earned $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. PDC Energy had a trailing twelve-month return on equity of 47.13% and a net margin of 44.67%.

How often does PDC Energy pay dividends? What is the dividend yield for PDC Energy?

PDC Energy announced a quarterly dividend on Tuesday, May 31st. Stockholders of record on Thursday, June 9th will be given a dividend of $0.35 per share on Thursday, June 23rd. This represents a $1.40 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, June 8th. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for PDCE
.

Is PDC Energy a good dividend stock?

PDC Energy (NASDAQ:PDCE) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.25%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCE will have a dividend payout ratio of 8.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PDCE.

What other stocks do shareholders of PDC Energy own?

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

What is PDC Energy's stock symbol?

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

Who are PDC Energy's major shareholders?

PDC Energy's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (6.03%), State Street Corp (3.89%), Victory Capital Management Inc. (2.30%), Macquarie Group Ltd. (2.27%), Jennison Associates LLC (2.28%) and Millennium Management LLC (1.96%). Insiders that own company stock include Anthony J Crisafio, Barton R Brookman Jr, Barton R Brookman, Jr, David C Parke, David Lillo, Jeffrey C Swoveland, Lance Lauck, Lynn A Peterson, Mark E Ellis, Nicole L Martinet, Pamela R Butcher, Paul Korus, R Scott Meyers and Randy S Nickerson.
View institutional ownership trends
.

How do I buy shares of PDC Energy?

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.
Compare Top Brokerages Here.

What is PDC Energy's stock price today?

One share of PDCE stock can currently be purchased for approximately $65.54.

How much money does PDC Energy make?

PDC Energy (NASDAQ:PDCE) has a market capitalization of $6.31 billion and generates $1.86 billion in revenue each year. The energy producer earns $522.31 million in net income (profit) each year or $12.64 on an earnings per share basis.

How many employees does PDC Energy have?

The company employs 535 workers across the globe.

How can I contact PDC Energy?

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.

This page (NASDAQ:PDCE) was last updated on 8/19/2022 by MarketBeat.com Staff

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