PDC Energy Inc Stock Research

Market Summary

USD70.34-0.29

Market Closed

-0.41%

PDCE Alerts

2 major insider sales recently.
Big jump in Earnings (Y/Y)

PDCE Stock Price

PDCE RSI Chart

PDCE Valuation

Market Cap

6.4B

Price/Earnings (Trailing)

3.62

Price/Sales (Trailing)

1.5

EV/EBITDA

2.11

Price/Free Cashflow

2.32

PDCE Price/Sales (Trailing)

PDCE Profitability

EBT Margin

51.95%

Return on Equity

44.65%

Return on Assets

22.27%

Free Cashflow Yield

43.03%

PDCE Fundamentals

PDCE Revenue

Revenue (TTM)

4.2B

Revenue Y/Y

-7.83%

Revenue Q/Q

-16.67%

PDCE Earnings

Earnings (TTM)

2.2B

Earnings Y/Y

1.4K%

Earnings Q/Q

18.41%

Price Action

52 Week Range

51.7289.22

(Low)(High)

Last 7 days

8.0%

Last 30 days

12.2%

Last 90 days

4.8%

Trailing 12 Months

-1.6%

PDCE Financial Health

Current Ratio

0.42

PDCE Investor Care

Dividend Yield

2.99%

Dividend/Share (TTM)

2.1

Buy Backs (1Y)

3.29%

Diluted EPS (TTM)

23.51

Peers (Alternatives to PDC Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	70.4B	27.8B	-4.79%	-14.34%	9.08	2.74	46.65%	114.58%
OXY	60.4B	35.8B	-2.19%	-13.39%	4.68	1.64	21.97%	31.96%
DVN	49.8B	19.1B	-7.91%	-29.56%	9.45	2.71	21.85%	67.76%
PXD	48.9B	22.8B	-6.54%	-23.73%	6.92	2.15	8.58%	68.17%
FANG	23.8B	9.2B	-4.34%	-7.20%	5.45	2.6	14.20%	56.87%
APA	14.4B	11.9B	-5.54%	-26.42%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.4B	13.4B	-0.38%	-35.65%	1.93	0.63	15.65%	404.04%
RRC	6.9B	5.4B	17.21%	-16.42%	3.25	1.28	75.54%	3039.31%
MTDR	5.5B	3.1B	-2.24%	-20.16%	4.63	1.78	41.49%	59.32%
OAS	4.4B	3.9B	-	-	4.99	1.94	103.95%	100.98%
KOS	3.4B	2.0B	2.93%	-17.82%	15.21	1.53	9.15%	2052.25%
CRK	2.7B	3.5B	-9.01%	-50.76%	1.94	0.76	74.35%	733.18%
CPE	2.0B	3.0B	2.53%	-40.76%	1.42	0.65	59.93%	186.57%
SMALL-CAP
PARR	1.5B	7.3B	-5.04%	35.16%	4	0.2	55.45%	547.97%
LPI	805.4M	1.7B	-8.19%	-35.44%	1.28	0.42	2.66%	522.62%

Financials for PDC Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-1.6%	4,228	4,297	4,169	3,671	2,967
S&GA Expenses	4.7%	164	156	151	142	129
Costs and Expenses	5.0%	1,720	1,639	1,557	1,417	1,283
EBITDA	-0.5%	3,047	3,063	2,147	1,243	-
EBITDA Margin	-3.5%	0.71*	0.73*	0.58*	0.42*	-
Earnings Before Taxes	25.0%	2,790	2,232	2,286	1,405	527
EBT Margin	-5.3%	0.52*	0.55*	0.38*	0.18*	-
Interest Expenses	2.7%	66.00	65.00	73.00	74.00	77.00
Net Income	25.1%	2,224	1,778	1,901	1,249	499
Net Income Margin	-9.3%	0.41*	0.46*	0.34*	0.17*	-
Free Cahsflow	6.4%	2,772	2,605	2,207	1,684	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	3.5%	8,259	7,983	8,028	7,976	5,731
Current Assets	-3.8%	571	594	728	788	734
Cash Equivalents	168.6%	17.00	6.00	46.00	39.00	171
Liabilities	1.1%	4,045	4,000	4,047	4,506	2,967
Current Liabilities	-6.9%	1,323	1,420	1,511	1,878	1,275
LT Debt, Non Current	-1.3%	1,296	1,314	1,394	1,698	943
Shareholder's Equity	5.8%	4,214	3,983	3,981	3,471	2,765
Retained Earnings	26.6%	1,476	1,166	1,037	380	-281
Additional Paid-In Capital	-2.9%	2,743	2,823	2,951	3,097	3,053
Shares Outstanding	-2.1%	95.00	97.00	96.00	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	3.6%	2,872	2,772	2,605	2,207	1,684
Share Based Compensation	4.1%	28.00	27.00	26.00	24.00	23.00
Cashflow From Investing	-6.3%	-2,285	-2,149	-2,002	-1,949	-710
Cashflow From Financing	-13.8%	-739	-650	-648	-320	-861
Dividend Payments	6.9%	194	182	152	131	108
Buy Backs	-27801900.0%	-556	0.00	-26.47	-26.47	-26.77

Risks for PDCE

What is the probability of a big loss on PDCE?

95.8%

Probability that PDC Energy stock will be more than 20% underwater in next one year

74.6%

Probability that PDC Energy stock will be more than 30% underwater in next one year.

46.5%

Probability that PDC Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PDCE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if PDC Energy was unfortunately bought at previous high price.

Drawdowns

Returns for PDCE

Cumulative Returns on PDCE

3.2%

10-Year Cumulative Returns

3.1%

7-Year Cumulative Returns

3.1%

5-Year Cumulative Returns

77.5%

3-Year Cumulative Returns

What are the long-term rolling returns for PDCE?

FIve years rolling returns for PDC Energy.

Annualized Returns

Which funds bought or sold PDCE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Toroso Investments, LLC	new	-	942,000	942,000	0.02%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-26.85	-4,154,860	11,796,100	-%
2023-05-22	EMC Capital Management	unchanged	-	5,000	495,000	0.42%
2023-05-18	JPMORGAN CHASE & CO	added	38.72	12,093,000	42,135,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	sold off	-100	-6,221,000	-	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-21.41	-291,531	1,840,920	0.02%
2023-05-17	Thrivent Financial for Lutherans	reduced	-0.92	3,000	1,561,000	-%
2023-05-17	Advisory Services Network, LLC	new	-	1,155	1,155	-%
2023-05-17	B. Riley Wealth Advisors, Inc.	sold off	-100	-578,344	-	-%
2023-05-16	JANE STREET GROUP, LLC	reduced	-79.51	-4,449,640	1,162,810	-%

Latest Funds Activity

Are funds buying PDCE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PDCE

No. of Funds

PDC Energy News

Schedule 13G FIlings of PDC Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G
Feb 09, 2023	vanguard group inc	10.09%	9,293,638	SC 13G/A
Jan 24, 2023	blackrock inc.	9.2%	8,500,293	SC 13G/A
Jul 08, 2022	blackrock inc.	8.5%	8,415,880	SC 13G
Feb 10, 2022	vanguard group inc	10.97%	10,683,902	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	5.9%	5,728,319	SC 13G/A
Jan 27, 2022	blackrock inc.	15.6%	15,193,373	SC 13G/A
Jan 25, 2022	blackrock inc.	15.6%	15,193,373	SC 13G
Feb 16, 2021	state street corp	4.13%	4,115,504	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	6.2%	6,145,895	SC 13G/A

PDCE Fair Value

Recent SEC filings of PDC Energy

View All Filings

Date Filed	Form Type	Document
May 26, 2023	8-K	Current Report
May 25, 2023	4	Insider Trading
May 25, 2023	4	Insider Trading
May 25, 2023	4	Insider Trading
May 25, 2023	4	Insider Trading
May 25, 2023	4	Insider Trading
May 25, 2023	4	Insider Trading
May 22, 2023	425	Prospectus Filed
May 22, 2023	8-K	Current Report
May 22, 2023	8-K	Current Report

Latest Insider Trading transactions for PDCE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-24	Peterson Lynn A	acquired	-	-	2,683	-
2023-05-24	KORUS PAUL	acquired	-	-	2,683	-
2023-05-24	Ellis Mark E	acquired	-	-	3,205	-
2023-05-24	Sabater Carlos A.	acquired	-	-	2,683	-
2023-05-24	Sands Diana L	acquired	-	-	2,683	-
2023-05-24	Butcher Pamela R	acquired	-	-	2,683	-
2023-05-17	Welling Troy M.	sold	-76,044	63.37	-1,200	cao
2023-05-15	Meyers R Scott	sold	-157,625	63.05	-2,500	evp, cfo
2023-05-01	BROOKMAN BARTON R JR	sold	-127,680	63.84	-2,000	president and ceo
2023-04-17	Peterson Lynn A	sold	-480,652	68.6646	-7,000	-

About PDC Energy

Barton R. Brookman

www.pdce.com

540

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, 2021, it owned interests in approximately 3,500 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.

PDCE Income Statement

2023-03-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Crude oil, natural gas and NGLs sales	$ 813,284	$ 882,378
Commodity price risk management gain (loss), net	144,132	(568,055)
Other income	252	2,125
Total revenues	957,668	316,448
Costs, expenses and other:
Lease operating expense	73,259	54,156
Production taxes	55,747	62,916
Transportation, gathering and processing expense	32,505	27,971
Exploration, geologic and geophysical expense	534	253
General and administrative expense	41,487	34,107
Depreciation, depletion and amortization	207,187	151,055
Accretion of asset retirement obligations	3,714	2,987
Impairment of properties and equipment	1,373	943
Loss (gain) on sale of properties and equipment	155	(125)
Total cost, expenses and other	415,961	334,263
Income (loss) from operations	541,707	(17,815)
Interest expense	(14,705)	(12,945)
Income (loss) before income taxes	527,002	(30,760)
Income tax (expense) benefit	(112,870)	(1,200)
Net income (loss)	$ 414,132	$ (31,960)
Earnings per share:
Basic	$ 4.69	$ (0.33)
Diluted	$ 4.64	$ (0.33)
Weighted-average common shares outstanding
Basic	88,357	96,279
Diluted	89,228	96,279

PDCE Balance Sheet

2023-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 17,443	$ 6,494
Accounts receivable, net	474,783	546,311
Prepaid expenses and other current assets	10,822	8,987
Derivative Assets, Gross, Current	68,144	31,963
Total current assets	571,192	593,755
Properties and equipment, net	7,510,312	7,293,355
Derivative Assets, Gross, Noncurrent	46,497	25,562
Other assets	131,464	70,093
Total Assets	8,259,465	7,982,765
Current liabilities:
Accounts payable	285,995	244,406
Production tax liability	253,962	244,737
Derivative Liability, Gross, Current	125,529	274,218
Funds held for distribution	523,889	539,094
Accrued interest payable	20,877	11,655
Other accrued expenses	112,294	106,082
Total current liabilities	1,322,546	1,420,192
Long-term debt	1,296,491	1,314,010
Asset retirement obligations	170,060	171,665
Derivative Liability, Gross, Noncurrent	29,019	53,600
Deferred income taxes	621,358	507,683
Other liabilities	605,615	532,870
Total liabilities	4,045,089	4,000,020
Stockholders' Equity:
Common shares - par value $0.01 per share, 150,000,000 authorized, 87,570,195 and 89,224,353 issued as of March 31, 2023 and December 31, 2022, respectively	876	892
Additional paid-in capital	2,742,706	2,823,364
Retained earnings	1,476,205	1,165,816
Treasury shares - at cost, 88,328 and 119,336 as of March 31, 2023 and December 31, 2022, respectively	(5,411)	(7,327)
Total stockholders’ equity	4,214,376	3,982,745
Total Liabilities and Stockholders’ Equity	$ 8,259,465	$ 7,982,765
Treasury Stock, Common, Shares	88,328	119,336