|Bid||0.00 x 900|
|Ask||0.00 x 3200|
|Day's Range||23.33 - 24.46|
|52 Week Range||19.57 - 47.29|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||10.70|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
PDC Energy (PDCE) delivered earnings and revenue surprises of -230.00% and 10.22%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
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.
Legendary investors such as Jeffrey Talpins and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don't publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That's why we analyze the […]
The oil and gas industry is pouring money into the campaigns of candidates in local elections this fall, motivated by the changed Colorado law allowing local governments more control over well sites. Listeners to KOA radio in recent days heard an $80,575 oil and gas-backed radio ad campaign supporting three candidates running for city council in Greeley, a northeastern Colorado city in the oil-rich Denver-Julesburg Basin. The radio spots are part of $147,785 spent Oct. 17 by the Denver-based Colorado Petroleum Council on digital, radio and mail advertising in support of Greeley council candidates John Gates, Dale Hall and Blythe Driver, campaign finance records show.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of PDC Energy and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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.
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 […]
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.
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 ...
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%.