|Bid||3.9700 x 4000|
|Ask||3.9800 x 1400|
|Day's Range||3.8400 - 3.9755|
|52 Week Range||3.1700 - 8.8300|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||3.87|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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.
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%.
PDC Energy Inc. is in talks to combine with rival explorer SRC Energy Inc., in a potential deal that would create a larger oil and gas player in Colorado.
SRC Energy (SRCI) delivered earnings and revenue surprises of 0.00% and -9.22%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
SRC Energy (SRCI) 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.
While small-cap stocks, such as SRC Energy Inc. (NYSEMKT:SRCI) with its market cap of US$1.0b, are popular for their...
A market surge in the first quarter, spurred by easing global macroeconomic concerns and Powell's pivot ended up having a positive impact on the markets and many hedge funds as a result. The stocks of smaller companies which were especially hard hit during the fourth quarter slightly outperformed the market during the first quarter. Unfortunately, […]
The Zacks Analyst Blog Highlights: Malibu Boats, MEDIFAST, OptimizeRx, Synergy Resources and Pioneer Natural