U.S. Markets close in 4 hrs 34 mins
  • S&P 500

    3,626.73
    +49.14 (+1.37%)
     
  • Dow 30

    29,995.42
    +404.15 (+1.37%)
     
  • Nasdaq

    11,992.59
    +111.96 (+0.94%)
     
  • Russell 2000

    1,849.24
    +30.94 (+1.70%)
     
  • Crude Oil

    45.15
    +2.09 (+4.85%)
     
  • Gold

    1,802.90
    -34.90 (-1.90%)
     
  • Silver

    23.24
    -0.40 (-1.68%)
     
  • EUR/USD

    1.1889
    +0.0044 (+0.3686%)
     
  • 10-Yr Bond

    0.8800
    +0.0230 (+2.68%)
     
  • Vix

    22.07
    -0.59 (-2.60%)
     
  • GBP/USD

    1.3359
    +0.0037 (+0.2792%)
     
  • USD/JPY

    104.6140
    +0.1260 (+0.1206%)
     
  • BTC-USD

    19,262.03
    +810.07 (+4.39%)
     
  • CMC Crypto 200

    382.24
    +12.48 (+3.38%)
     
  • FTSE 100

    6,420.29
    +86.45 (+1.36%)
     
  • Nikkei 225

    26,165.59
    +638.22 (+2.50%)
     

PDC Energy: 3Q Earnings Snapshot

·1 min read

DENVER (AP) _ PDC Energy Inc. (PDCE) on Wednesday reported a third-quarter loss of $30.8 million, after reporting a profit in the same period a year earlier.

The Denver-based company said it had a loss of 31 cents per share. Earnings, adjusted for non-recurring costs, were $1.04 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The independent oil and gas company posted revenue of $249.2 million in the period. Its adjusted revenue was $317.3 million, which missed Street forecasts. Three analysts surveyed by Zacks expected $370.8 million.

PDC Energy shares have dropped 53% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.23, a fall of 46% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PDCE at https://www.zacks.com/ap/PDCE