PDCE - PDC Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
21.19
-1.76 (-7.65%)
At close: 4:00PM EDT

21.19 0.00 (0.00%)
After hours: 5:44PM EDT

Stock chart is not supported by your current browser
Previous Close22.95
Open22.83
Bid21.00 x 900
Ask21.20 x 1200
Day's Range21.17 - 23.05
52 Week Range21.17 - 53.50
Volume2,077,586
Avg. Volume1,527,687
Market Cap1.35B
Beta (3Y Monthly)1.71
PE Ratio (TTM)11.32
EPS (TTM)1.87
Earnings DateNov. 6, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est45.78
Trade prices are not sourced from all markets
  • GlobeNewswire

    PDC Energy Announces Third Quarter 2019 Conference Call – Thursday, November 7, 2019

    DENVER, Oct. 07, 2019 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss third quarter 2019 results. The.

  • An Intrinsic Calculation For PDC Energy, Inc. (NASDAQ:PDCE) Suggests It's 32% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For PDC Energy, Inc. (NASDAQ:PDCE) Suggests It's 32% Undervalued

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PDC Energy, Inc...

  • Oil & Gas Stock Roundup: BP Out of Alaska, Equinor Speeds Up Oil Field Start Up
    Zacks

    Oil & Gas Stock Roundup: BP Out of Alaska, Equinor Speeds Up Oil Field Start Up

    BP plc (BP) farmed out of Alaska, selling its entire business to Hilcorp Energy for $5.6 billion, while Equinor (EQNR) indicated an earlier-than-expected start up of the giant Johan Sverdrup field.

  • PDC Energy to Buy SRC Energy, Bolster Presence in DJ Basin
    Zacks

    PDC Energy to Buy SRC Energy, Bolster Presence in DJ Basin

    The acquisition of SRC Energy will make PDC Energy (PDCE) the second-largest oil producer in the Denver-Julesburg Basin after Houston-based Occidental Petroleum.

  • Trump Feeds Oil Markets False Hope
    Oilprice.com

    Trump Feeds Oil Markets False Hope

    Oil prices rallied slightly at the start of the week on the back of what many consider false hope of a trade war de-escalation and a thawing of tensions between the U.S. and Iran.

  • GlobeNewswire

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of SRC Energy Inc. to PDC Energy, Inc. is Fair to Shareholders

    NEW YORK, Aug. 27, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased SRC Energy Inc. (“SRC” or the.

  • Company News for Aug 27, 2019
    Zacks

    Company News for Aug 27, 2019

    Companies in the news are: AMGN, PBI, BYND, SRCI, PDCE

  • Why PDC Energy, SRC Energy, and Hibbett Sports Jumped Today
    Motley Fool

    Why PDC Energy, SRC Energy, and Hibbett Sports Jumped Today

    Find out what impact an acquisition deal had on these stocks.

  • Shares of PDC Energy Surge on Acquisition of SRC Energy Announcement
    Motley Fool

    Shares of PDC Energy Surge on Acquisition of SRC Energy Announcement

    The two Colorado-centric oil and gas producers benefit from consolidating their overlapping positions.

  • GlobeNewswire

    PDC Energy Announces Strategic Combination with SRC Energy in All-Stock Transaction

    Creates Premier Mid-Cap Operator with Peer-Leading Cost Structure and Free Cash Flow Profile Increases Share Repurchase Program from $200 million to $525 million Immediately.

  • Thomson Reuters StreetEvents

    Edited Transcript of PDCE earnings conference call or presentation 8-Aug-19 3:00pm GMT

    Q2 2019 PDC Energy Inc Earnings Call

  • What Do Investors Need To Know About PDC Energy, Inc.'s (NASDAQ:PDCE) Growth?
    Simply Wall St.

    What Do Investors Need To Know About PDC Energy, Inc.'s (NASDAQ:PDCE) Growth?

    After PDC Energy, Inc.'s (NASDAQ:PDCE) earnings announcement on 30 June 2019, the consensus outlook from analysts...

  • PDC Energy Inc (PDCE) Q2 2019 Earnings Call Transcript
    Motley Fool

    PDC Energy Inc (PDCE) Q2 2019 Earnings Call Transcript

    PDCE earnings call for the period ending June 30, 2019.

  • PDC Energy (PDCE) Q2 Earnings Lag Estimates
    Zacks

    PDC Energy (PDCE) Q2 Earnings Lag Estimates

    PDC Energy (PDCE) delivered earnings and revenue surprises of -24.44% and 15.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    PDC Energy Announces 2019 Second Quarter Results, Decreases Full-Year Capital Investment Guidance and Increases Full-Year Production Range

    DENVER, Aug. 07, 2019 -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE) today reported its 2019 second quarter operating and financial results while announcing.

  • Earnings Preview: PDC Energy (PDCE) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: PDC Energy (PDCE) Q2 Earnings Expected to Decline

    PDC Energy (PDCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • EQT's Battle Is Over But the Shale War Goes On
    Bloomberg

    EQT's Battle Is Over But the Shale War Goes On

    (Bloomberg Opinion) -- Score one for the activists in shale. Yet there is so much more to do.The Rice brothers have prevailed in their battle for the board of EQT Corp., the largest U.S. producer of natural gas. Toby and Derek Rice sold their company, Rice Energy Inc., to EQT in 2017. While the marketing of that deal left much to be desired (see this), the rationale of marrying up two big Appalachian gas positions was sound enough. Two years on, however, there is little evidence of EQT making the most of it. Instead of reaping the fruits of a vaunted $2.5 billion of synergies, a company valued at $11.3 billion bought another one for $6 billion and is now worth about $4 billion. Even adjusting for almost $9 billion of disposals along the way, that’s poison for shareholders and catnip for activists.EQT embodies much of what ails the exploration and production sector in general. Investors no longer buy the idea that oil prices, and especially natural gas prices, will inevitably rebound. With that optionality discounted away, the only reason to own any of these stocks is if they can demonstrate more intrinsic value, chiefly by cutting costs, reining in capex, and generating positive free cash flow to pay out. EQT did actually deliver roughly $470 million of the latter in the first quarter, but it was too late compared to a long track record of red ink. Plus, it didn’t look sustainable: The full-year consensus forecast is less than $200 million.Activists have been targeting E&P companies with high costs and weak governance with mixed results. Kimmeridge Energy Management Co. pushed for change at both Carrizo Oil & Gas Inc. and PDC Energy Inc., recently losing a proxy battle at the latter. Rising passive ownership via tracker funds and ETFs make it tough to unseat incumbent management; the scale of the collapse in EQT’s stock can only have helped in that regard.Yet the fundamental problem in shale-land remains: Too many companies are chasing a finite set of prospects, with incentive structures that prioritize growth while frequently shielding management from the poor returns that follow. Until recently, generous funding from capital markets has enabled all this. The result has been a fantastic boom in U.S. oil and gas production that has also obliterated value in the industry.Kimmeridge has tried to quantify this. Analyzing almost 90 E&P companies, they looked at the recycle ratio, which compares profit per barrel with finding and development costs. Absent access to external capital, a producer needs a ratio of more than one in order to keep growing, and substantially more if they want to grow at the double-digit rates promised by many shale operators. Kimmeridge then compared actual production versus a theoretical production level as if the companies had lived within their means.The results are striking. Under the more restrained case, production grows at a compound rate of 2.7% per year between 2008 and 2018. Actual growth: 10.2%.Cheap funding and an obsession with growth has done wonders for stuff like “energy dominance” and thrown OPEC for a loop. But it hasn’t done much for investors. Here’s a modified version of that chart, indexing it to the SPDR S&P Oil & Gas Exploration & Production ETF:At this point, external capital appears to have dried up. On an annualized basis, high-yield energy bond issuance is running at its lowest level since 2009. Equity issuance, which surged in 2016 as E&P companies recapitalized amid the oil crash, has collapsed even more dramatically.Barring a sudden outbreak of enthusiasm on the part of investors (perhaps on the back of an outbreak of war in the Middle East?), that spigot looks likely to remain closed. The longer it does, the harder it will be for many shale producers to promise both growth and a decent free-cash-flow yield. That has implications for robust U.S. production growth forecasts. Above all, though, it serves to reiterate the need for consolidation and streamlining in an industry that has over-capitalized and under-delivered.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • GlobeNewswire

    PDC Energy Announces Second Quarter 2019 Conference Call – Thursday, August 8, 2019

    DENVER, July 08, 2019 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss second quarter 2019 results. The.

  • The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners
    Zacks

    The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners

    The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners

  • Oil Prices Soar on Gulf Tanker Attacks: Winners & Losers
    Zacks

    Oil Prices Soar on Gulf Tanker Attacks: Winners & Losers

    We highlight potential winners and losers from the uptick in oil prices after alleged attacks on tankers.

  • Some PDC Energy (NASDAQ:PDCE) Shareholders Have Copped A Big 53% Share Price Drop
    Simply Wall St.

    Some PDC Energy (NASDAQ:PDCE) Shareholders Have Copped A Big 53% Share Price Drop

    Generally speaking long term investing is the way to go. But no-one is immune from buying too high. Zooming in on an...

  • The Zacks Analyst Blog Highlights: PDC Energy, U.S. Silica, Exxon Mobil and Azure Power Global
    Zacks

    The Zacks Analyst Blog Highlights: PDC Energy, U.S. Silica, Exxon Mobil and Azure Power Global

    The Zacks Analyst Blog Highlights: PDC Energy, U.S. Silica, Exxon Mobil and Azure Power Global

  • Oil Nosedives Into Bear Market: Who Wins, Who Loses
    Zacks

    Oil Nosedives Into Bear Market: Who Wins, Who Loses

    As oil prices enter the bear territory, we highlight potential winners and losers.