45.95 0.00 (0.00%)
After hours: 4:36PM EDT
|Bid||45.97 x 800|
|Ask||47.24 x 800|
|Day's Range||45.68 - 46.89|
|52 Week Range||26.59 - 66.20|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||1,531.67|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.83|
Ben Dell, managing partner at Kimmeridge Energy Management, joins "Squawk Box" to make his case for how the private equity firm would like to change PDC Energy's board to cut costs and boost shareholder returns.
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.
The Zacks Analyst Blog Highlights: PDC Energy, Anadarko Petroleum, AngloGold Ashanti and NovaGold Resources
NEW YORK and DENVER, April 23, 2019 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm") today released a presentation highlighting a history of excessive pay and misalignment with shareholders at PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ: PDCE). Over the past two years, PDC's Board has rewarded management with bonuses greater than 100% of target despite the fact that in both years the Company missed four out of five internally-set performance metrics, and over the last 3 years has seen a total shareholder return (TSR) of -44%.
PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with its 2019 Annual Meeting of Stockholders (“2019 Annual Meeting”), scheduled for May 29, 2019. The Company is also mailing a letter to shareholders.
Oil prices recorded the best quarterly gain in the first three-month period of 2019 since 2009 and the best first-quarter gain since 2002.
The Zacks Analyst Blog Highlights: PDC Energy, U.S. Silica, Exxon Mobil and Royal Dutch Shell
While small-cap stocks, such as PDC Energy, Inc. (NASDAQ:PDCE) with its market cap of US$2.9b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a down...
After nosediving to mid-$40s last year, U.S. oil price soared 32% in the first three months of this year to around $60 a barrel, its highest quarterly rebound since 2009.
On the upside, the S&P 500 (SPX) is up a stellar 15% in the last three months after a rocky December caused many market observers to wonder whether the bull market was finally on its last legs. Another surprise has been the resilience of the energy sector and steadily increasing crude oil prices. After starting the year around $43 a barrel, oil (CLK9) has jumped roughly 40% to the mid $60s per barrel — and the flagship Energy Select Sector SPDR Fund (XLE) has jumped almost 20% in the same period as a result.
As detailed in the preliminary proxy statement, Kimmeridge is seeking to elect a slate of director candidates for the purpose of changing a minority of the Board to include a set of experienced industry professionals who think and act like shareholders. The Firm believes this result would create a catalyst for change, by messaging to management that shareholders can no longer sit back and accept sub-par performance when underlying assets have significant potential to create sustainable value and attractive returns.
DENVER, April 02, 2019 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss first quarter 2019 results. The.
My Main Street upbringing taught me that Wall Street--a term that covered not only stock brokers, traders, and the like, but also corporate executives--was a well-organized cabal. I was reminded of the fact from a recent Matt Levine column, about a shale driller called PDC Energy PDCE . The company has been criticized by a dissident shareholder for goading management to boost production by paying its CEO production bonuses.
A Denver oil and gas company is trying to stick to its growth plans while an activist shareholder fund pressures it to change its board, return more money to investors and possibly sell parts of the business. PDC Energy Inc. (Nasdaq: PDCE), a company focused on the developing oil wells in the Denver-Julesburg Basin of northeast Colorado and the Delaware basin in Texas, may see New York City-based Kimmeridge Energy Management Co. nominate three candidates for seats on PDC Energy’s eight-member board at its next annual shareholder meeting. PDC Energy will start taking into account return on capital invested, cash flow and debt reduction as it determines executive compensation, said Barton Brookman, Jr., PDC Energy’s president and CEO, acknowledging Kimmeridge’s push on a recent conference call with Wall Street analysts.
Oil prices fell on Friday as a combination of poor economic data and a move by Norway’s sovereign wealth fund to divest from the oil sector boosted bearish sentiment
A shareholder activist will challenge PDC Energy Inc. in an effort to change the way the oil producer pays its executives, part of a broader push by investors to force U.S. energy producers to focus more on profitability than growth. Kimmeridge Energy Management Co., which last month disclosed a 5.1% stake in PDC, said it is putting forth a slate of directors to challenge the three board members whose terms expire this year. Denver-based PDC’s chief executive, Barton Brookman, is among those up for re-election.
Kimmeridge Energy Management Co plans to nominate three candidates to PDC Energy Inc's board, the private equity firm said on Thursday as it seeks to cut costs and boost shareholder returns at the Denver-based oil and gas producer. Kimmeridge owns about 5.1 percent of PDC's shares. One nominee is Kimmeridge founder Ben Dell, who led the sale of the firm's Permian Basin assets to PDC in 2016.
PDC Energy, Inc. ("PDC" or the "Company") (PDCE) today confirmed that Kimmeridge Energy Management Company (“Kimmeridge”) has provided notice of its intent to nominate three individuals to stand for election to the PDC Board of Directors at the 2019 Annual Meeting of Shareholders. The PDC Board and its Nominating and Governance Committee will review the proposed Kimmeridge nominees and present the Board’s recommendation regarding director nominees in the Company’s definitive proxy materials, which will be filed with the Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2019 Annual Meeting. PDC shareholders are not required to take action at this time.