Price: $73.8500
$-0.20
-0.270%
|
Day's High:
| $75.56
| Week Perf:
| -2.69 %
|
Day's Low: |
$ 73.66 |
30 Day Perf: |
4.31 % |
Volume (M): |
15,498 |
52 Wk High: |
$ 76.04 |
Volume (M$): |
$ 1,144,527 |
52 Wk Avg: |
$68.32 |
Open: |
$74.35 |
52 Wk Low: |
$57.68 |
|
|
Market Capitalization (Millions $) |
6,507 |
Shares
Outstanding (Millions) |
88 |
Employees |
395 |
Revenues (TTM) (Millions $) |
4,220 |
Net Income (TTM) (Millions $) |
1,851 |
Cash Flow (TTM) (Millions $) |
-36 |
Capital Exp. (TTM) (Millions $) |
1,006 |
Pdc Energy Inc
We are a domestic independent exploration and production company that acquires,
produces, develops, and explores for crude oil, natural gas, and NGLs. Our operations
are located in the Wattenberg Field in Colorado; the Utica Shale in southeastern
Ohio; and, with the closing of our $1.76 billion acquisitions of proved producing,
proved undeveloped, and unproved leaseholds in December 2016, in the Delaware
Basin in Texas
we own an interest in approximately 2,900 gross (2,400 net) productive wells,
of which approximately 25 percent are horizontal. We operate 88 percent of the
wells in which we have an interest. We produced 22.2 MMBoe in 2016, including
0.2 MMBoe contributed from the newly acquired Delaware Basin assets, representing
an increase of 44 percent compared to 2015. For the month ended December 31,
2016, we maintained an average production rate of 73 MBoe per day. This exit
rate represents a 42 percent increase from December 2015. We were able to achieve
this strong growth rate while maintaining a robust liquidity position, comprised
of cash and cash equivalents and available capacity under our revolving credit
facility totaling $932.4 million as of December 31, 2016. Our debt to EBITDAX
ratio as of December 31, 2016, as defined in our revolving credit facility agreement,
was 2.10 to 1.00, well within our compliance limit of 4.00 to 1.00.
Multi-year project inventory in premier crude oil, natural gas, and NGLs plays.
We have a significant operational presence in two premier U.S. onshore basins
providing us with approximately 2,600 potential horizontal drilling locations
from our total proved and unproved leasehold. The primary focus for development
is currently in the Wattenberg Field and the Delaware Basin. We believe that
our inventory of drilling locations, the majority of which reflect 4,000 to
10,000 foot horizontal laterals, will allow us to continue to grow our proved
reserves and production at attractive rates of return utilizing our current
internal long-term commodity price projections and our current expected cost
structure. Our 2017 drilling and completion operations are expected to specifically
focus on the middle core of the Wattenberg Field and our newly acquired Delaware
Basin assets. In the Wattenberg Field, we have identified a substantial inventory
consisting of approximately 700 proved undeveloped horizontal drilling locations
and an additional approximately 1,100 probable horizontal drilling locations.
Through our acquisitions in the Delaware Basin, we added approximately 20 proved
undeveloped horizontal drilling locations, which were included in the 785 gross
potential drilling locations that were identified on our 62,500 net acres of
leasehold. At the time of the initial acquisition, our undeveloped location
count was based on wells expected to be drilled with horizontal lateral lengths
ranging from 4,000 to 10,000 horizontal feet. We believe that with additional
development and exploration activity, together with advances in technology,
we may be able to access additional productive zones in the Delaware Basin,
which could significantly increase our inventory of undeveloped locations.
Strong liquidity position. As of December 31, 2016, we had a total liquidity
position of $932.4 million, comprised of $244.1 million of cash and cash equivalents
and $688.3 million available for borrowing under our revolving credit facility.
During 2016, we raised in excess of $1.4 billion of new capital, net of issuance
costs.
Our long-term business strategy focuses on generating stockholder value through
the acquisition, exploration, and development of crude oil and natural gas properties.
We are focused on the growth of our reserves, production, and cash flows through
organic exploration and development of our existing and acquired leasehold in
our horizontal drilling programs. Our operational focus is concentrated with
a substantial presence in two basins. We pursue various midstream, marketing,
and cost reduction initiatives designed to increase our per unit operating margins
while maintaining a disciplined financial strategy focused on providing sufficient
liquidity and balance sheet strength to execute our business strategy.
We focus on horizontal development drilling programs in resource plays that
offer repeatable results and the potential for attractive returns on investment
in a range of commodity price environments. Our inventory of drilling locations
supports our planned organic growth over the next several years. We expect our
drilling and completion activity to drive increases in proved reserves, production,
and cash flows. In addition to development drilling, we routinely review acquisition
and acreage swap opportunities in our core areas of operations. We believe we
can extract additional value from such transactions through production optimization
opportunities and increases in our working interests in our development drilling
locations afforded by more concentrated acreage positions. As a result, once
we have established a significant presence in an area, the use of bolt-on acquisitions
and acreage trades can potentially provide synergies that result in additional
economies of scale. We also pursue a limited and disciplined exploration program
with the goal of replenishing our portfolio with new exploration projects capable
of positioning us for significant production and reserve growth in future years.
Company Address: 1099 18th Street, Denver 80202 CO
Company Phone Number: 860-5800 Stock Exchange / Ticker: NASDAQ PDCE
|
|
Customers Net Income grew by |
PDCE's Customers Net Profit Margin grew to |
277.77 % |
16.93 %
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
Pdc Energy Inc
Pdc Energy Inc, an energy exploration and production company, recently reported a significant decline in its earnings per share and income for the most recent fiscal period. The company's earnings per share plummeted by -51.34% to $3.28 per share compared to $6.74 per share in the same period last year, while income faded by -29.31% from $4.64 per share in the previous quarter. Furthermore, Pdc Energy Inc's revenue crumbled by -23.424% to $871.81 million from $1.14 billion in the comparable quarter a year before. Sequentially, revenue deteriorated by -8.966% from $957.67 million. The company's net profits also suffered a significant decline of -56.41% to $288.712 million, compared to $662.381 million in the corresponding period a year before. These numbers indicate a challenging fiscal period for Pdc Energy Inc, with a decrease in both earnings and revenue. The company's profitability was also adversely affected, with the operating margin falling to 46.77% and the net margin shrinking to 33.12%. Operating earnings fell by -42.38% to $407.75 million, resulting in a decrease in the operating margin from 62.16% in the second quarter of 2022. Despite these negative developments, there have been some positive signs in Pdc Energy Inc's recent financial performance. The value of accounts receivable is lower than the previous year, indicating better management of outstanding payments. Looking ahead, investors and analysts eagerly await Pdc Energy Inc's next financial report, which is scheduled to be released on November 01, 2023. This will provide further insights into the company's financial health and performance.
|
Pdc Energy Inc
Investment enthusiasts and analysts have reason to cheer for the Energy sector as Pdc Energy Inc - a leading Oil And Gas Production company - has delivered impressive financial results in the first quarter of 2023. The company has achieved a return on average invested assets (ROI) of 34.07%, beating its average ROI of 13.98%. What's more, ROI has shown substantial improvement as compared to the fourth quarter of 2022, with a growth of 30.09%, all thanks to the surge in net income. While 18 other energy sector companies still have a higher ROI, PDC Energy Inc's overall ranking has improved in the first quarter of 2023 compared to its previous position at 189, now at 118. The company also registered excellent growth in revenue - an impressive 202.63% Year-on-Year growth to $957.67 million - and turned its income positive to a remarkable $4.64 from a previous period of $3.84 per share. Moreover, the net income improved massively from a net loss of $-31.960 million in the comparable financial reporting period a year ago. Pdc Energy Inc has sharpened its profit margins too, with an increase in net margin to 43.24% and an uptick in operating margin to 56.57%. No wonder the company is considered a lucrative investment option, and its next financial reporting window on August 02, 2023, is being eagerly awaitedThese results are a testament to Pdc Energy Inc's futuristic outlook, commitment to growth, and astute management skills. Investment enthusiasts who strive to create wealth with well-placed investments in the energy sector can leverage this fantastic opportunity for long-term growth. With such impressive performances, we can expect exciting developments in the coming quarters and look forward to more investment opportunities.
|
Per Share |
Current |
Earnings (TTM) |
20.06 $ |
Revenues (TTM) |
47.9 $
|
Cash Flow (TTM) |
- |
Cash |
0.12 $
|
Book Value |
50.2 $
|
Dividend (TTM) |
2.1 $ |
|
Per Share |
|
Earnings (TTM) |
20.06 $
|
Revenues (TTM) |
47.9 $ |
Cash Flow (TTM) |
- |
Cash |
0.12 $
|
Book Value |
50.2 $ |
Dividend (TTM) |
2.1 $ |
|
|
|
|