PDC Energy (PDCE) Stock Forecast, Price & News

7 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 3 buy ratings 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.
View PDCE analyst ratings or view top-rated stocks.

7 Wall Street analysts have issued 1 year price targets for PDC Energy's stock. Their PDCE share price forecasts range from $76.00 to $105.00. On average, they expect the company's stock price to reach $84.50 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
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PDC Energy's stock was trading at $63.48 at the start of the year. Since then, PDCE shares have increased by 8.3% and is now trading at $68.73.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PDCE earnings forecast.

PDC Energy, Inc. (NASDAQ:PDCE) announced its quarterly earnings results on Wednesday, February, 22nd. The energy producer reported $3.22 EPS for the quarter, beating the consensus estimate of $3.05 by $0.17. The energy producer earned $879.50 million during the quarter, compared to analysts' expectations of $892.11 million. PDC Energy had a net margin of 49.57% and a trailing twelve-month return on equity of 35.66%. The company's quarterly revenue was down 41.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.86 EPS.

PDC Energy announced a quarterly dividend on Wednesday, May 24th. Investors 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 2.33%. 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 First Trust Energy AlphaDEX Fund (FXN), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Invesco Dynamic Energy Exploration & Production ETF (PXE), AXS Astoria Inflation Sensitive ETF (PPI), iShares Focused Value Factor ETF (FOVL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), First Trust Natural Gas ETF (FCG) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

PDC Energy (NASDAQ:PDCE) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.27%. 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 6.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCE will have a dividend payout ratio of 9.64% 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), Raytheon Technologies (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 shareholders include BlackRock Inc. (9.65%), FMR LLC (6.02%), Dimensional Fund Advisors LP (4.90%), Wellington Management Group LLP (4.44%), State Street Corp (4.15%) and Jennison Associates LLC (3.00%). 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 $68.73.

PDC Energy (NASDAQ:PDCE) has a market capitalization of $6.01 billion and generates $3.85 billion in revenue each year. The energy producer earns $1.78 billion in net income (profit) each year or $23.47 on an earnings per share basis.

The company employs 535 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.