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The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
The Day of Financial Reckoning Is Near (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Financial Day of Reckoning Has Begun (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
The Financial Day of Reckoning Has Begun (Ad)
NASDAQ:PDCE

PDC Energy - PDCE Stock Forecast, Price & News

$63.36
+0.65 (+1.04%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$61.20
$63.67
50-Day Range
$53.85
$86.18
52-Week Range
$34.52
$89.22
Volume
837,688 shs
Average Volume
1.09 million shs
Market Capitalization
$6.10 billion
P/E Ratio
5.01
Dividend Yield
2.23%
Price Target
$87.75

PDC Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
38.5% Upside
$87.75 Price Target
Short Interest
Healthy
5.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.83mentions of PDC Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$3.56 M Sold Last Quarter
Proj. Earnings Growth
7.09%
From $16.64 to $17.82 Per Share

Overall MarketRank

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

2.88 out of 5 stars

Oils/Energy Sector

22nd out of 258 stocks

Crude Petroleum & Natural Gas Industry

15th 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 Upgrades and Downgrades

Several equities analysts have recently weighed in on PDCE shares. Wells Fargo & Company lifted their price objective on PDC Energy from $102.00 to $105.00 and gave the company an "overweight" rating in a report on Monday, July 11th. Truist Financial upped their price target on shares of PDC Energy from $94.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, July 19th. The Goldman Sachs Group dropped their price objective on shares of PDC Energy from $87.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, July 5th. TheStreet raised shares of PDC Energy from a "c+" rating to a "b" rating in a research note on Wednesday, August 3rd. Finally, MKM Partners reissued a "buy" rating and issued a $76.00 price target on shares of PDC Energy in a research note on Wednesday, July 20th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $87.75.

PDC Energy Trading Up 1.0 %

PDC Energy stock opened at $63.36 on Friday. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 5.01 and a beta of 2.63. The firm has a 50-day moving average of $64.25 and a 200-day moving average of $67.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.42 and a quick ratio of 0.42. PDC Energy has a one year low of $34.52 and a one year high of $89.22.

PDC Energy (NASDAQ:PDCE - Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The energy producer reported $5.11 EPS for the quarter, beating the consensus estimate of $4.57 by $0.54. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.10 billion. PDC Energy had a return on equity of 47.13% and a net margin of 44.67%. On average, equities analysts expect that PDC Energy will post 16.64 earnings per share for the current fiscal year.

PDC Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a $0.35 dividend. The ex-dividend date was Wednesday, June 8th. This is a boost from PDC Energy's previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a dividend yield of 2.21%. PDC Energy's dividend payout ratio (DPR) is currently 11.08%.

Insider Activity at PDC Energy

In other PDC Energy news, CEO Barton R. Brookman, Jr. sold 2,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $81.84, for a total value of $163,680.00. Following the completion of the sale, the chief executive officer now owns 390,201 shares in the company, valued at $31,934,049.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other PDC Energy news, CEO Barton R. Brookman, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $81.84, for a total transaction of $163,680.00. Following the transaction, the chief executive officer now owns 390,201 shares of the company's stock, valued at $31,934,049.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Pamela R. Butcher acquired 1,000 shares of the business's stock in a transaction dated Wednesday, May 18th. The stock was acquired at an average cost of $63.91 per share, with a total value of $63,910.00. Following the completion of the transaction, the director now owns 2,008 shares of the company's stock, valued at $128,331.28. The disclosure for this purchase can be found here. Over the last three months, insiders sold 50,610 shares of company stock valued at $3,557,961. 1.20% of the stock is owned by corporate insiders.

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PDCE Stock News Headlines

Brokerages Set PDC Energy, Inc. (NASDAQ:PDCE) PT at $87.75
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 (NASDAQ:PDCE) PT Raised to $105.00
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
8/14/2022
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
$87.75
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$73.00
Forecasted Upside/Downside
+38.5%
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
$15.16 per share
Book Value
$36.04 per share

Miscellaneous

Free Float
95,151,000
Market Cap
$6.10 billion
Optionable
Optionable
Beta
2.63














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 analysts have issued twelve-month target prices for PDC Energy's shares. Their PDCE share price forecasts range from $73.00 to $105.00. On average, they expect the company's share price to reach $87.75 in the next year. This suggests a possible upside of 38.5% 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 on January 1st, 2022. Since then, PDCE shares have increased by 29.9% and is now trading at $63.36.
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) released its earnings results on Wednesday, August, 3rd. The energy producer reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $4.57 by $0.54. The energy producer earned $1.14 billion during the quarter, compared to analyst estimates 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 declared 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 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, June 8th. This is a positive change 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 2.23%. 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 7.86% 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 institutional and retail investors. Top institutional shareholders include FMR LLC (6.03%), Victory Capital Management Inc. (2.30%), Jennison Associates LLC (2.28%), Principal Financial Group Inc. (1.61%), Northern Trust Corp (0.89%) and UBS Group AG (0.85%). 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 $63.36.

How much money does PDC Energy make?

PDC Energy (NASDAQ:PDCE) has a market capitalization of $6.10 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 8/14/2022 by MarketBeat.com Staff

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