33.73 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||28.00 x 2200|
|Ask||35.56 x 2200|
|Day's Range||33.03 - 34.13|
|52 Week Range||26.59 - 65.34|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.56|
The Zacks Analyst Blog Highlights: PDC Energy, Exxon Mobil, AngloGold Ashanti, NovaGold Resources and VanEck Vectors Oil Refiners
Generally speaking long term investing is the way to go. But no-one is immune from buying too high. Zooming in on an...
The Zacks Analyst Blog Highlights: PDC Energy, U.S. Silica, Exxon Mobil and Azure Power Global
DENVER, June 5, 2019 /PRNewswire/ -- EnerCom is pleased to announce that global oil and gas giant Eni, SpA Vice President Andrew Lees will deliver the keynote luncheon address at EnerCom's The Oil & Gas Conference® on Aug. 14, 2019. Eni, SpA (NYSE:E) is an Italian global oil and gas and energy company operating in 67 countries worldwide, with 30,000 employees in upstream, midstream and downstream operations.
Ben Dell, Founder and Managing Partner of Kimmeridge, said, "On behalf of the Kimmeridge team, I would like to thank our fellow PDC shareholders, many of whom supported us throughout the solicitation process. While Kimmeridge is disappointed with the outcome of the PDC shareholder meeting held on May 29th, we remain encouraged that over 70% of active managers voted in favor of the Kimmeridge slate.
Denver-based PDCE Energy Inc. successfully warded off an activist investor fund’s campaign, and shareholders re-elected three company-backed candidates to its board of directors. Voting stock owners backed all three PDCE Energy (Nasdaq: PDCE) board nominees — CEO Barton Brookman and directors Mark Ellis and Larry Mazza — according to a preliminary vote total. “We are pleased shareholders remain confident in our team and operating plan focused on capital discipline, free cash-flow generation, profitable growth and return of capital to shareholders,” the company said.
Moody's Investors Service ("Moody's") affirmed the ratings of BCP Raptor LLC (EagleClaw) including its B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), and the B3 senior secured term loan rating. The rating outlook is stable.
PDC Energy Inc said on Wednesday the company's shareholders had re-elected its three nominees to the board, signaling an end to its proxy fight with activist investor Kimmeridge Energy Management Co. Shareholders re-elected President and Chief Executive Officer Barton Brookman as well as Mark Ellis and Larry Mazza as directors, the company said, citing a preliminary count. The Denver-based firm is among several U.S. oil producers to face the wrath of investors during the past year, as shareholders focus on austerity measures to generate better returns.
The New York-based private equity firm, which owns a 5.1% stake in PDC Energy, had sought three seats on the board in an attempt to improve the performance of the oil and gas driller. PDC Energy confirmed in a statement that investors had re-elected the company’s Chief Executive Officer Barton Brookman, and incumbent directors Mark Ellis and Larry Mazza, according to preliminary tallies.
DENVER, May 29, 2019 -- PDC Energy, Inc. (“PDC” or “the Company”) (Nasdaq: PDCE) announced today that, based on the preliminary vote count provided by its proxy solicitor.
DENVER, May 29, 2019 /PRNewswire/ -- EnerCom is pleased to announce that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources (CLR), will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas exploration in a "fireside chat" Tuesday, August 13, 2019, during EnerCom's The Oil & Gas Conference® in downtown Denver's Westin hotel.
DENVER, May 22, 2019 /PRNewswire/ -- EnerCom is pleased to announce that Senior Vice President and Chief Financial Officer of Occidental Petroleum (OXY) Cedric Burgher will deliver the luncheon keynote address on Monday, August 12, 2019, at EnerCom's The Oil & Gas Conference® in downtown Denver's Westin hotel. Mr. Burgher joined Occidental in May 2017 bringing more than 25 years of experience in the energy sector. Prior to joining Occidental, he was senior vice president of investor relations at EOG Resources (EOG), and he led financial organizations at QR Energy, Quantum Energy Partners, KBR, Halliburton (HAL) and Baker Hughes (BHGE). Mr. Burgher's experience includes a decade of CFO experience, leading two IPOs and a broad range of M&A and capital markets transactions.
DENVER, May 22, 2019 -- PDC Energy, Inc. (“PDC” or “the Company”) (Nasdaq: PDCE) today issued the following statement in response to the incomplete and misleading information.
A Denver oil and gas company is trying to ward off an activist investor fund by trying to defeat a slate of three board candidates the fund is running in shareholder elections. At stake in the election may be whether PDC Energy Inc. (Nasdaq: PDCE) sticks to its current growth and investment plans and keeps its current executives, or whether it shifts focus to near-term profitability and considers dividends and mergers and acquisitions to improve shareholder returns. Barton Brookman, CEO and president of PDC Energy, sent a letter to shareholders Monday urging them to reject the candidates proposed by New York City-based investment fund Kimmeridge Energy Management Company LLC. The Kimmeridge approach would slash investment in PDC operations, lead to an excessive shareholder dividend and likely push the company into merger and acquisitions that benefit Kimmeridge, Brookman said.
Kimmeridge is disappointed that PDC has chosen to respond to ISS's independent analysis of our position by issuing letters to shareholders that contain misinformation and baseless attacks. Specifically, in a May 20th Letter to PDC Shareholders, CEO Bart Brookman stated: "I also believe that Ben Dell, Kimmeridge's leader, is primarily focused on pushing PDC to engage in mergers with our competitors, including transactions in which he would be a financial participant.
PDC Energy, Inc. (“PDC” or “the Company”) (PDCE) today mailed a letter to shareholders from President and Chief Executive Officer, Bart Brookman, in connection with the Company’s 2019 Annual Meeting of Stockholders (“2019 Annual Meeting”), scheduled for May 29, 2019. PDC shareholders of record as of the close of business on April 1, 2019 will be entitled to vote at the 2019 Annual Meeting.
Board Believes Electing Kimmeridge Destroys Valueand Puts the Safety of PDC’s Employees at Risk ISS Report Ignores the Facts About PDC’s Performance, Fails to Take Into.
NEW YORK and DENVER, May 17, 2019 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm"), beneficial owners of 5.1% of the shares of common stock of PDC Energy, Inc. ("PDC" or the "Company") (PDCE), is pleased to share that Institutional Shareholder Services Inc. ("ISS"), the leading proxy advisory firm, today has issued its recommendation to vote FOR Kimmeridge nominees Benjamin Dell and James Adelson to serve on the Board of Directors of PDC. Ben Dell, Founder and Managing Partner of Kimmeridge, said, "We are pleased that ISS has publicly recommended that PDC shareholders vote for our experienced nominees.
Urges Shareholders to Vote "FOR" All Three of Company’s Nominees on the WHITE Proxy Card Highlights Proven Track Record of Operational Excellence; Addresses Kimmeridge’s.
PDC Energy, Inc. (“PDC” or “The Company”) (PDCE) today announced that leading independent advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended that PDC Energy shareholders vote “FOR” the three Company directors standing for reelection this year – PDC’s President and Chief Executive Officer Barton R. Brookman and independent directors Mark E. Ellis and Larry F. Mazza – on the WHITE proxy card in connection with the Company’s 2019 Annual Meeting of Shareholders (“2019 Annual Meeting”) scheduled for May 29, 2019.
Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm") today released a presentation setting the record straight on PDC Energy, Inc. ("PDC" or the "Company") (PDCE) operating performance and refuting data presented by PDC.
NEW YORK and DENVER, May 15, 2019 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC ("Kimmeridge" or the "Firm") today released a presentation setting the record straight on PDC Energy, Inc. ("PDC" or the "Company") (PDCE) operating performance and refuting data presented by PDC.
PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced it has filed a presentation in connection with its 2019 Annual Meeting of Stockholders (“2019 Annual Meeting”), scheduled for May 29, 2019. The presentation highlights PDC’s successful execution of its operating plan and corrects erroneous and misleading information in the presentations Kimmeridge Energy Management (“Kimmeridge”) recently filed with the Securities and Exchange Commission. PDC President and Chief Executive Officer, Bart Brookman commented, “Kimmeridge previously advocated dangerous ideas – such as recklessly slashing necessary investments in operations, initiating an excessive dividend, and pursuing self-serving M&A opportunities. Now that those suggestions have been rejected by analysts and investors, Kimmeridge has resorted to presenting flawed analyses in an effort to mislead PDC shareholders.