PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. As of December 31, 2020, it owned interests in approximately 3,727 productive gross wells. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012. PDC Energy, Inc. was founded in 1969 and is headquartered in Denver, Colorado.
IPO Year:
Exchange: NASDAQ
Website: pdce.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2023 | Buy → Neutral | Seaport Research Partners | |
| 1/10/2023 | $97.00 | Buy | Mizuho |
| 12/12/2022 | $68.00 | Buy → Hold | Truist |
| 10/18/2022 | $74.00 | Buy → Neutral | Goldman |
| 9/20/2022 | Sector Weight | KeyBanc Capital Markets | |
| 7/20/2022 | $76.00 | Buy | MKM Partners |
| 3/3/2022 | $69.00 → $72.00 | Overweight | Keybanc |
| 3/1/2022 | $72.00 → $84.00 | Buy | MKM Partners |
| 2/3/2022 | $64.00 → $67.00 | Overweight | Keybanc |
| 1/20/2022 | $62.00 → $64.00 | Overweight | Keybanc |
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
4 - PDC ENERGY, INC. (0000077877) (Issuer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Seaport Research Partners downgraded PDC Energy from Buy to Neutral
Mizuho initiated coverage of PDC Energy with a rating of Buy and set a new price target of $97.00
Truist downgraded PDC Energy from Buy to Hold and set a new price target of $68.00
Goldman downgraded PDC Energy from Buy to Neutral and set a new price target of $74.00
KeyBanc Capital Markets initiated coverage of PDC Energy with a rating of Sector Weight
MKM Partners resumed coverage of PDC Energy with a rating of Buy and set a new price target of $76.00
Keybanc reiterated coverage of PDC Energy with a rating of Overweight and set a new price target of $72.00 from $69.00 previously
MKM Partners reiterated coverage of PDC Energy with a rating of Buy and set a new price target of $84.00 from $72.00 previously
Keybanc reiterated coverage of PDC Energy with a rating of Overweight and set a new price target of $67.00 from $64.00 previously
Keybanc reiterated coverage of PDC Energy with a rating of Overweight and set a new price target of $64.00 from $62.00 previously
15-12G - PDC ENERGY, INC. (0000077877) (Filer)
8-K - PDC ENERGY, INC. (0000077877) (Filer)
8-K - PDC ENERGY, INC. (0000077877) (Filer)
S-8 POS - PDC ENERGY, INC. (0000077877) (Filer)
S-8 POS - PDC ENERGY, INC. (0000077877) (Filer)
S-8 POS - PDC ENERGY, INC. (0000077877) (Filer)
S-8 POS - PDC ENERGY, INC. (0000077877) (Filer)
POSASR - PDC ENERGY, INC. (0000077877) (Filer)
8-K - PDC ENERGY, INC. (0000077877) (Filer)
425 - PDC ENERGY, INC. (0000077877) (Subject)
This live feed shows all institutional transactions in real time.
SC 13G - PDC ENERGY, INC. (0000077877) (Subject)
SC 13G/A - PDC ENERGY, INC. (0000077877) (Subject)
SC 13G/A - PDC ENERGY, INC. (0000077877) (Subject)
Live Leadership Updates
DENVER, Feb. 02, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that it appointed Pamela R. Butcher to its board of directors on February 2, 2022. Ms. Butcher brings nearly 40 years of leadership experience in the chemical industry, most recently as CEO, President and Chief Operating Officer at Pilot Chemical Corp. ("Pilot"), a position she retired from in January 2021. Prior to Pilot, Ms. Butcher worked 29 years for Dow Inc. (formerly known as The Dow Chemical Company) in a variety of executive positions of increasing responsibility. Non-executive Chairman of the Board and Chair of the Environmental, Social, Nominating and Governance Comm
DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 fourth quarter and full-year operating and financial results. The Company also provided detailed 2021 guidance and a preliminary multi-year outlook. 2020 Fourth Quarter and Full-Year Highlights: Net cash from operating activities of approximately $220 million and $870 million in the fourth quarter and full-year 2020, respectively. Adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $270 million and $920 million for the comparable periods. Oil and gas capital investments of approximately $110 million and $520 million for the fou
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NEW YORK, Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Penske Automotive Group Inc. (NYSE:PAG) will replace Univar Solutions Inc. (NYSE:UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE:APO) acquired Univar Solutions in a deal that closed today.Erie Indemnity Co. (NASD: ERIE) will replace PDC Energy Inc. (NASD: PDCE) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, August 8. S&P 500 & 100 constituent Chevron Corp. (NYSE:CVX) is acquiring PDC Energy in a deal expected to be completed soon pending final conditions.Following is a su
NEW YORK, June 03, 2023 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ:CWBR) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of CWBR and Morphogenesis, Inc. Under the terms of the proposed merger, CWBR shareholders will receive a dividend equal to approximately 3.30 shares of CWBR common stock. Following the merger, pre-merger CohBar shareholders are expected to own approximately 15% of the outstanding equity of the combined company. If you are a CWBR investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-
DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC's outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023. About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in the horizont
Complementary to Chevron's operations in important U.S. production basins Adds 10% to oil equivalent proved reserves for under $7 per barrel Accretive to earnings per share and return on capital employed (ROCE) Expected to add $1 billion to annual free cash flow Chevron Corporation (NYSE:CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ:PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron's closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total en
Investors can register for EnerCom Denver – The Energy Investment Conference featuring a broad group of public and private oil and gas companies at www.enercomdenver.com EnerCom Denver® - The Energy Investment Conference celebrates 28 years of bringing together the energy sector, including companies, investors, analysts, and key industry leaders, to Denver, Aug. 13-16, 2023 A robust list of energy companies have already confirmed their participation in the conference Presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies DENVER, May 18, 2023 /PRNewswire/ -- EnerCom, Inc. announced today that registration is open for EnerCom Denver® - The Energy Inve
DENVER, May 03, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" the "Company", "we", "us", "our') (NASDAQ:PDCE) today announced its 2023 first quarter financial and operating results and updates second quarter production and full-year capital guidance. 2023 First Quarter Highlights: Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $520 million and oil and gas capital investments of approximately $415 million.Approximately $100 million of adjusted free cash flow ("FCF"), a non-U.S. GAAP metric defined below. Returned approximately $170 million of capital to shareholders through th
DENVER, April 10, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss first quarter 2023 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 3, 2023, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. The Company will host a conference call and simultaneous webcast on Thursday, May 4, 2023, at 11:00 a.m. ET. To attend the conference call webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-webcasts-presentations/.
Institutional and hedge fund investors, family offices, private equity, research analysts and high net worth investors are encouraged to register and request one-on-one meetings at EnerCom Dallas + The Energy Venture Investment Summit conference. Meetings can be requested with a broad group of public and private oil and gas E&P, midstream and OFS companies and start-up companies focused on innovation in alternative energy, advanced oil and gas technology and environmental sustainability. One of Wall Street's newest and influential investment companies, Strive Asset Management, has been added to the presentation schedule, along with the Federal Reserve Bank of Dallas. Attendees can register
EnerCom Publishes Preliminary Presentation and Event Schedule on EnerCom Dallas Website at www.enercomdallas.com. Investor registration is open for EnerCom Dallas + The Energy Venture Investment Summit conference featuring a broad group of public and private oil and gas companies and innovative start-up company presentations. Limited Presentation Opportunities Still Available for E&P, Midstream, OFS Companies and promising start-up energy and technology companies focused on innovation in alternative energy, advanced oil and gas technology and environmental sustainability. DENVER, March 8, 2023 /PRNewswire/ -- EnerCom, Inc. has published the preliminary presentation schedule and conference e
DENVER, Feb. 22, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced its full year and fourth quarter 2022 financial and operating results and provided 2023 guidance. 2022 Fourth Quarter Highlights: Total production of 22.7 million barrels of oil equivalent ("MMBoe") or approximately 247,000 Boe per day and oil production of 7.4 million barrels ("MMBbls") or approximately 80,000 Bbls per day.Net cash from operating activities of approximately $690 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $605 million and oil and gas capital investments of approximately $345 million.Approximately $260 millio
Live finance-specific insights
NEW YORK, June 03, 2023 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ:CWBR) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of CWBR and Morphogenesis, Inc. Under the terms of the proposed merger, CWBR shareholders will receive a dividend equal to approximately 3.30 shares of CWBR common stock. Following the merger, pre-merger CohBar shareholders are expected to own approximately 15% of the outstanding equity of the combined company. If you are a CWBR investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-
DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC's outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023. About PDC Energy, Inc. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and Delaware Basin in west Texas. Its operations in the Wattenberg Field are focused in the horizont
Complementary to Chevron's operations in important U.S. production basins Adds 10% to oil equivalent proved reserves for under $7 per barrel Accretive to earnings per share and return on capital employed (ROCE) Expected to add $1 billion to annual free cash flow Chevron Corporation (NYSE:CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ:PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron's closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total en
DENVER, May 03, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" the "Company", "we", "us", "our') (NASDAQ:PDCE) today announced its 2023 first quarter financial and operating results and updates second quarter production and full-year capital guidance. 2023 First Quarter Highlights: Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $520 million and oil and gas capital investments of approximately $415 million.Approximately $100 million of adjusted free cash flow ("FCF"), a non-U.S. GAAP metric defined below. Returned approximately $170 million of capital to shareholders through th
DENVER, April 10, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss first quarter 2023 operating and financial results. The Company plans to issue its news release after market close on Wednesday, May 3, 2023, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. The Company will host a conference call and simultaneous webcast on Thursday, May 4, 2023, at 11:00 a.m. ET. To attend the conference call webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-webcasts-presentations/.
DENVER, Feb. 22, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced its full year and fourth quarter 2022 financial and operating results and provided 2023 guidance. 2022 Fourth Quarter Highlights: Total production of 22.7 million barrels of oil equivalent ("MMBoe") or approximately 247,000 Boe per day and oil production of 7.4 million barrels ("MMBbls") or approximately 80,000 Bbls per day.Net cash from operating activities of approximately $690 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $605 million and oil and gas capital investments of approximately $345 million.Approximately $260 millio
DENVER, Feb. 16, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared an increase to its quarterly cash dividend from $0.35 to $0.40 per share on PDC's outstanding common stock. The dividend is payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023. This marks the second consecutive annual increase since implementing the dividend in 2021. PDC also announced that the Board of Directors approved an incremental $750 million dollars to the Company's existing $1.25 billion share repurchase program, bringing the total authorization to $2.0 billion. The Company remains committ
DENVER, Jan. 31, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss fourth quarter and full-year 2022 operating and financial results. The Company plans to issue its news release after market close on Wednesday, February 22, 2023, followed thereafter by additional materials. The release and materials will be available on the Company's website, www.pdce.com. The Company will host a conference call and simultaneous webcast on Thursday, February 23, 2023, at 11:00 a.m. ET. To attend the conference call webcast, participants should register online at http://www.pdce.com/investors-overview/events-calendar-
DENVER, Dec. 08, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that the Colorado Oil and Gas Conservation Commission ("COGCC") unanimously approved, with overwhelming support of PDC's efforts, the Company's Guanella Comprehensive Area Plan (CAP), which encompasses approximately 33,000 consolidated net acres, 22 locations and approximately 450 wells in Weld County, Colorado. The Guanella CAP further supports the Company's long-term planning and permitting efforts. With today's CAP approved locations and our previously established multi-year inventory of projects in the DJ Basin, the Company has clear line of sight into its turn in line act
DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash dividend of $0.35 per share on PDC's outstanding common stock. The dividends are payable on December 28, 2022, to stockholders of record at the close of business on December 19, 2022. For the full year of 2022, PDC anticipates returning approximately $1 billion to shareholders through share repurchases, base dividend payments and the special dividend. Inclusive of the combined $1.00 base and special dividend payments in December and the $745 million invested in share repu