|Bid||21.00 x 900|
|Ask||21.20 x 1200|
|Day's Range||21.17 - 23.05|
|52 Week Range||21.17 - 53.50|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||11.32|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.78|
Running an oil and gas company is a well-paying gig, no matter how you look at it. The industry is famed for making company leaders rich, especially in boom times. The CEOs of oil and natural gas businesses based in Denver receive annual compensation worth millions of dollars, ranking them among the top-paid executives in the city.
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.
Mangrove Partners was founded by Nathaniel August, who is also the fund’s president and portfolio manager. Mr August holds a B.A. from Brown University, and prior to launching his fund, he worked as a director at White Eagle Partners, as an Investment Analyst at K Capital Partners, as a Senior Analyst at Brahman Capital Partners, […]
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PDC Energy, Inc...
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.
Read the beginning of this article here. The most valuable stake Mangrove Partners held in its equity portfolio at the end of Q2 2019, was in an oil and gas producer, PDC Energy, Inc. (NASDAQ: PDCE). The fund reported holding 2.02 million company’s shares, with a value of $72.92 million, amassing 8.24% of its 13F […]
NEW YORK , Aug. 29, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of SRC Energy Inc. ("SRC" or ...
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.
Moody's Investors Service ("Moody's") placed the ratings of PDC Energy (PDC, Ba3) under review for upgrade following the August 26, 2019 announcement of a definitive agreement to acquire SRC Energy Inc. (SRC, B1). Concurrent with this action, SRC's ratings were also placed under review for upgrade.
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.
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.
It’s been another difficult year for oil stock investors so far, and one analyst adjusted his ratings on two exploration and production stocks. The Analyst MKM Partners analyst John Gerdes downgraded SRC ...
NEW YORK , Aug. 26, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against SRC Energy, Inc. (NYSE: SRCI) and its board of directors for breach of fiduciary duty concerning the proposed ...
Oil and gas producer PDC Energy Inc on Monday agreed to buy smaller rival SRC Energy Inc in a $971.3 million all-stock deal, in an attempt to boost its cash flow and create the second largest producer in Colorado's DJ basin. The news of the deal, expected to immediately add to PDC's cash flow, sent shares of the company soaring to 23% and SRC shares up 17.6%. PDC also raised its share buyback program to $525 million from $200 million and plans to use almost half of its estimated free cash flow of about $800 million to buy back shares till the end of 2021.
PDC Energy Inc. and SRC Energy Inc. said Monday they have entered an agreement for PDC to acquire SRC in an all-stock deal valued at about $1.7 billion, including SRC's debt of about $685 million. SRC shareholders will receive 0.158 PDC shares for each SRC stock, equal to about $3.99 a share based on PDC's closing price on Aug. 23. The deal is expected to close in the fourth quarter. PDC is an independent exploration and production company with crude oil and natural gas operations in the Wattenberg Field in Colorado and the Delaware Basin in West Texas. SRC is a Denver-based oil and natural gas E&P company with operations in the Greater Wattenberg Field of the Denver-Julesburg Basin of Colorado. The deal is expected to immediately boost key 2020 metrics including free cash flow per share. PDC shares were not yet active premarket, while SRC share fell 2.4%.
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.