|Bid||3.3600 x 200000|
|Ask||3.4800 x 200000|
|Day's Range||3.4200 - 3.4200|
|52 Week Range||3.2615 - 7.5200|
|Beta (3Y Monthly)||2.08|
|PE Ratio (TTM)||20.24|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
On a per-share basis, the Denver-based company said it had profit of 20 cents. Earnings, adjusted for non-recurring costs, came to 27 cents per share. The results surpassed Wall Street expectations. The ...
The Denver-based company said it had net income of 34 cents per share. Earnings, adjusted for non-recurring gains, came to 30 cents per share. The results topped Wall Street expectations. The average estimate ...
SRC Energy (SRCI) delivered earnings and revenue surprises of 8.33% and 3.73%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Denver-based company said it had profit of 26 cents. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was ...
Investors need to pay close attention to Synergy Resources (SRCI) stock based on the movements in the options market lately.