|Bid||7.61 x 800|
|Ask||7.61 x 1100|
|Day's Range||7.24 - 8.34|
|52 Week Range||4.51 - 47.29|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.96|
Hope for a quick rebound in oil prices has faded, and now some analysts are extending their forecasts for extremely low prices beyond 2021.
The stock market dive has been especially rough on oil and gas producers in Colorado, which collectively lost more than $63 billion in market value since the start of 2020. The companies' share prices have been hit by double shocks. Experts projected a drop in global oil demand due to the novel coronavirus epidemic slowing major economies.
The Company expects to reduce its full-year capital investments by 20 to 25 percent compared to its original guidance range of $1.0 to $1.1 billion and projects free cash flow(1) in excess of $150 million for the year. Production is now expected to average similar levels as pro forma 2019 volumes of approximately 200,000 barrels of oil equivalent per day, while oil production is expected to average approximately 73,000 barrels per day. Both total production and oil production estimates reflect the mid-January closing date of the Company’s merger with SRC Energy.
PDC Energy (PDCE) delivered earnings and revenue surprises of 66.67% and -20.50%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER, Feb. 26, 2020 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2019 full-year and fourth quarter operating and financial results. The.
PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) announced today the final results and settlement of its offer to purchase for cash any and all of its outstanding 6.25% Senior Notes due 2025 (CUSIP No. 78470VAC2) (the “Notes”). PDC assumed the Notes pursuant to the Agreement and Plan of Merger, dated as of August 25, 2019, by and between PDC and SRC Energy Inc. PDC had previously offered to purchase for cash any and all aggregate principal amount of the outstanding Notes at a purchase price equal to 101% of the aggregate principal amount of such Notes, plus any accrued and unpaid interest to the date of payment, on the terms and subject to the conditions set forth in the Offer to Purchase and accompanying Letter of Transmittal, each dated January 17, 2020.
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.
If you own shares in PDC Energy, Inc. (NASDAQ:PDCE) then it's worth thinking about how it contributes to the...
DENVER, Jan. 24, 2020 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss fourth quarter and full-year 2019.
Small-cap stocks lagged the S&P; 500 by a wide margin last year. However, strategists say these smaller companies are set to catch up (and more) in 2020."We see three favorable factors in place for small-cap stocks: a slow economy, an accommodative Fed, and the calendar, all of which add up to positive prospects for this asset class," asset manager Legg Mason says.To get an idea of which small-cap stocks are set to break away from the pack, we scoured the S&P; SmallCap 600 Index - which includes stocks worth between $450 million and $2.1 billion at the time they enter the index - looking for names with an average broker recommendation of Buy or Strong Buy. Why? Small caps can be a risky lot given their often narrow businesses and access to capital - but a bullish consensus from the pros is at least a signal that those risks might be smaller compared to their peers, and that the potential upside is worth it.S&P; Global Market Intelligence surveys analysts' stock ratings and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the stronger the Buy call.We further culled that pool by considering only stocks with market values of at least $1 billion and a minimum of five Strong Buy recommendations. Lastly, we dug into research, fundamentals and headlines. The result is a list of 13 promising small-cap stocks to buy for 2020. SEE ALSO: 20 Top Stock Picks the Analysts Love for 2020
Moody's Investors Service ("Moody's") upgraded PDC Energy's (PDC) Corporate Family Rating (CFR) to Ba2 from Ba3 and its Probability of Default Rating (PDR) to Ba2-PD from Ba3-PD. PDC's Speculative Grade Liquidity Rating was changed to SGL-1 from SGL-2.
PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) announced today that is has commenced an offer to repurchase its outstanding $550 million aggregate principal amount of 6.250% Senior Notes due 2025 (CUSIP No. 78470VAC2) (the “Notes”) at 101% of the principal amount thereof plus accrued and unpaid interest (the “Offer”), pursuant to the Indenture, dated as of November 29, 2017, as amended by that First Supplemental Indenture, dated January 14, 2020, and that Second Supplemental Indenture, dated January 14, 2020 (as so amended, the “Indenture”), among PDC (as successor to SRC Energy Inc.) and U.S. Bank National Association, as trustee. The Offer is being conducted in connection with the consummation on January 14, 2020 of the transactions contemplated by the Agreement and Plan of Merger, dated as of August 25, 2019 (the “Merger Agreement”), by and between PDC and SRC Energy Inc. (“SRC”).
PDC Energy, Inc. (PDCE) (“PDC”) today announced that it has completed its acquisition of SRC Energy Inc. (SRCI) (“SRC”). The merger was previously approved by PDC stockholders and SRC shareholders at special meetings held on January 13, 2020. Each eligible share of SRC common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.158 shares of PDC’s common stock, with cash paid in lieu of any fractional shares.
Colorado’s tightening oil and gas regulations played a key role in the $1.7 billion deal of the two largest oil producers based in the state. SRC Energy focused on being acquired by PDC Energy and didn’t shop itself more broadly because it believed Colorado’s strict regulatory environment would discourage out-of-state oil companies. SRC Energy Inc. (NYSE: SRCI) and PDC Energy Inc. (Nasdaq: PDCE) announced their all-stock deal Aug. 26 combining to the two Denver-based companies.
As an investor, mistakes are inevitable. But you have a problem if you face massive losses more than once in a while...
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
A flurry of oil and gas industry mergers in early fall buoyed what has been a quiet market for deals. Experts says its a sign of declining investor confidence even as companies producing oil and natural gas from onshore shale basins like Colorado’s Denver-Julesburg Basin set new records in production. The industry is caught between debt taken on in 2017 and 2018 as companies raced to establish growth amid high oil prices and the sudden lack of confidence in the sector now that lower oil prices have lingered and U.S. oil production continues to boom and contribute to oversupply.
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?