PDCE PDC Energy Dashboard

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 horizontal Niobrara and Codell plays and its Delaware Basin operations are primarily focused in the horizontal Wolfcamp zones.

Company profile

Ticker

PDCE

Exchange

NASDAQ

Website

www.pdce.com/

CEO

Barton Brookman

Incorporated

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Anadarko Petroleum • Marathon Oil • Apache • Devon Energy • Occidental Petroleum • EOG Resources • Pressburg • Ovintiv • California Resources ...

Former names

PETROLEUM DEVELOPMENT CORP

SEC CIK

0000077877

Corporate docs

Articles of Incorporation & Bylaws

IRS number

952636730

PDCE stock data

S&P 500

1M 1Y 2Y 5Y

News

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Keybanc Maintains Overweight on PDC Energy, Raises Price Target to $48

9 Apr 21

Keybanc maintains PDC Energy (NASDAQ:PDCE) with a Overweight and raises the price target from $42 to $48.

KeyBanc Maintains Overweight on PDC Energy, Raises Price Target to $42

11 Mar 21

KeyBanc analyst Leo Mariani maintains PDC Energy (NASDAQ:PDCE) with a Overweight and raises the price target from $39 to $42.

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During Friday's morning session, 251 stocks hit new 52-week highs.

82 Biggest Movers From Yesterday

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25 Feb 21

Press releases

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PDC Energy Announces First Quarter 2021 Conference Call – Thursday, May 6, 2021

12 Apr 21

DENVER, April 12, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today announced plans to host a conference call to discuss first quarter 2021 operating and financial results. The

PDC Energy, Inc. to Host Earnings Call

25 Feb 21

NEW YORK, NY / ACCESSWIRE / February 25, 2021 / PDC Energy, Inc. (NASDAQ:PDCE) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 25, 2021 at 11:00 AM Eastern

PDC Energy Announces 2020 Results, 2021 Guidance and Multi-Year Outlook Focused on Return of Capital Initiatives Including Board-Approved Dividend Program Expected to Commence Mid-2021

24 Feb 21

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

PDC Energy Announces Continued Board Refreshment Through Appointment and Nomination of Two New Members to Replace Two Retiring Members

22 Feb 21

PDC Energy Announces Fourth Quarter and Year-End 2020 Conference Call – Thursday, February 25, 2021

29 Jan 21

Calendar

24 Feb 21

22 Apr 21

31 Dec 21

Financial summary

Financial statements Chart PDCE financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from PDC Energy earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.62M	2.62M	2.62M	2.62M	2.62M	2.62M
Cash burn (monthly)	398.33K	(positive/no burn)	(positive/no burn)	53.63M	8.84M	(positive/no burn)
Cash used (since last report)	1.49M	n/a	n/a	200.77M	33.08M	n/a
Cash remaining	1.13M	n/a	n/a	-198.14M	-30.46M	n/a
Runway (months of cash)	2.8	n/a	n/a	-3.7	-3.4	n/a

Beta Read what these cash burn values mean

Recent insider trades

PDCE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 21	Martinet Nicole L	Common Stock	Payment of exercise	Dispose F	No	No	35.97	467	16.8K	51,600
1 Apr 21	David Lillo	Common Stock	Payment of exercise	Dispose F	No	No	35.97	4,823	173.48K	68,764
1 Apr 21	Griggs Douglas J	Common Stock	Grant	Aquire A	No	No	0	12,596	0	45,774
1 Apr 21	Griggs Douglas J	Common Stock	Payment of exercise	Dispose F	No	No	35.97	2,498	89.85K	33,178
8 Mar 21	Anthony J Crisafio	Common Stock	Sell	Dispose S	No	No	37.78	5,000	188.9K	9,036
8 Mar 21	Lance Lauck	Common Stock	Sell	Dispose S	No	No	37.45	3,000	112.35K	166,852

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

PDCE institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders	Current	Prev Q	Change
Total holders	221	202	+9.4%
Opened positions	41	24	+70.8%
Closed positions	22	43	-48.8%
Increased positions	75	87	-13.8%
Reduced positions	72	62	+16.1%

13F shares	Current	Prev Q	Change
Total value	2.1B	1.27B	+64.9%
Total shares	102.01M	102.53M	-0.5%
Total puts	180.7K	552.3K	-67.3%
Total calls	583.2K	1.04M	-43.8%
Total put/call ratio	0.3	0.5	-41.8%

Largest owners	Shares	Value	Change
BLK Blackrock	16.03M	$329.16M	+6.4%
Vanguard	10.25M	$210.52M	-7.9%
Dimensional Fund Advisors	6.15M	$126.18M	-11.9%
STT State Street	4.12M	$84.49M	-9.6%
Victory Capital Management	4.06M	$83.39M	+15.8%
Marshall Wace North America	3.57M	$73.26M	+7.7%
Jennison Associates	2.88M	$59.17M	+595.2%
MCQEF Macquarie	2.57M	$52.74M	+8.4%
Harris Associates L P	2.55M	$52.44M	-1.2%
Deep Basin Capital	2.29M	$46.99M	-46.0%

Largest transactions	Shares	Bought/sold	Change
Jennison Associates	2.88M	+2.47M	+595.2%
Citadel Advisors	1.43M	-2.05M	-59.0%
Deep Basin Capital	2.29M	-1.95M	-46.0%
Channing Capital Management	1.11M	+1.11M	NEW
BLK Blackrock	16.03M	+965.71K	+6.4%
Vanguard	10.25M	-880.62K	-7.9%
Dimensional Fund Advisors	6.15M	-827.94K	-11.9%
Key	784.87K	+784.87K	NEW
NTRS Northern Trust	1.53M	-619.39K	-28.9%
CS Credit Suisse	285.72K	-586.46K	-67.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

During 2020, the effects of the coronavirus 2019 (“COVID-19”) pandemic led to a significant decline in global demand for crude oil and natural gas, contributing to a drastic reduction in commodity prices and negatively impacting oil and natural gas producers located in the United States, including PDC. The commodity price environment may remain volatile for an extended period as a result of reduced global oil and natural gas demand and the global economic recession. We expect to be able to fund our operations, planned capital expenditures, working capital and other requirements during the next 12 months and for the foreseeable future. See Item 1A. Risk Factors for additional information regarding the potential impacts of the COVID-19 pandemic.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-K 2020 FY