PDC Energy - PDCE Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PDC Energy in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PDCE shares.
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7 analysts have issued 1-year target prices for PDC Energy's shares. Their PDCE share price forecasts range from $68.00 to $105.00. On average, they expect the company's share price to reach $83.33 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
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PDC Energy's stock was trading at $63.48 on January 1st, 2023. Since then, PDCE shares have decreased by 2.3% and is now trading at $62.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our PDCE earnings forecast.

PDC Energy, Inc. (NASDAQ:PDCE) announced its earnings results on Wednesday, February, 22nd. The energy producer reported $3.22 earnings per share for the quarter, topping analysts' consensus estimates of $3.05 by $0.17. The energy producer had revenue of $879.50 million for the quarter, compared to analyst estimates of $892.11 million. PDC Energy had a trailing twelve-month return on equity of 42.84% and a net margin of 46.24%. PDC Energy's revenue for the quarter was down 41.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.86 EPS.

PDC Energy announced a quarterly dividend on Thursday, February 16th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.40 per share on Thursday, March 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, March 1st.
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), First Trust Nasdaq Oil & Gas ETF (FTXN), Invesco Dynamic Energy Exploration & Production ETF (PXE), iShares Focused Value Factor ETF (FOVL), First Trust Natural Gas ETF (FCG), AXS Astoria Inflation Sensitive ETF (PPI) 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 2.69%. 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 8.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PDCE will have a dividend payout ratio of 9.27% 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 investors include Dimensional Fund Advisors LP (5.05%), Jennison Associates LLC (2.71%), First Trust Advisors LP (2.54%), Victory Capital Management Inc. (2.44%), Victory Capital Management Inc. (2.34%) and Macquarie Group Ltd. (2.22%). 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, Nicole L Martinet, Pamela R Butcher, Paul Korus, R Scott Meyers and Randy S Nickerson.
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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 $62.01.

PDC Energy (NASDAQ:PDCE) has a market capitalization of $5.48 billion and generates $3.85 billion in revenue each year. The energy producer earns $1.78 billion in net income (profit) each year or $18.50 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.