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
Website
CEO
Barton Brookman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PETROLEUM DEVELOPMENT CORP
SEC CIK
Corporate docs
Subsidiaries
PDC Permian, Inc. ...
IRS number
952636730
PDCE stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
22 Feb 23
8-K
PDC Energy, Inc. Announces Full-Year and Fourth Quarter 2022 Financial and Operating Results; Provides 2023 Guidance
22 Feb 23
8-K/A
Departure of Directors or Certain Officers
14 Nov 22
10-Q
2022 Q3
Quarterly report
2 Nov 22
8-K
PDC Energy, Inc. Announces 2022 Third Quarter Financial and Operating Results
2 Nov 22
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Sep 22
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Sep 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
8-K
Results of Operations and Financial Condition
3 Aug 22
8-K/A
Index to Consolidated Financial Statements
14 Jul 22
Transcripts
PDCE
Earnings call transcript
2022 Q3
3 Nov 22
PDCE
Earnings call transcript
2022 Q2
5 Aug 22
PDCE
Earnings call transcript
2022 Q1
6 May 22
PDCE
Earnings call transcript
2021 Q4
1 Mar 22
PDCE
Earnings call transcript
2021 Q3
4 Nov 21
PDCE
Earnings call transcript
2021 Q2
8 Aug 21
PDCE
Earnings call transcript
2021 Q1
8 May 21
PDCE
Earnings call transcript
2020 Q4
25 Feb 21
PDCE
Earnings call transcript
2020 Q3
5 Nov 20
PDCE
Earnings call transcript
2020 Q2
8 Aug 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 6.49 mm | 6.49 mm | 6.49 mm | 6.49 mm | 6.49 mm | 6.49 mm |
| Cash burn (monthly) | 15.76 mm | 2.28 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 47.59 mm | 6.88 mm | n/a | n/a | n/a | n/a |
| Cash remaining | -41.10 mm | -384.42 k | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -2.6 | -0.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
97.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 365 |
| Opened positions | 71 |
| Closed positions | 36 |
| Increased positions | 121 |
| Reduced positions | 139 |
| 13F shares | Current |
|---|---|
| Total value | 5.36 tn |
| Total shares | 85.76 mm |
| Total puts | 73.30 k |
| Total calls | 193.00 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 9.29 mm | $589.96 bn |
| BLK Blackrock | 8.50 mm | $539.60 bn |
| FMR | 5.70 mm | $362.00 bn |
| Dimensional Fund Advisors | 4.65 mm | $295.74 bn |
| Wellington Management | 4.27 mm | $271.25 bn |
| STT State Street | 3.94 mm | $250.40 bn |
| Jennison Associates | 2.49 mm | $158.29 bn |
| First Trust Advisors | 2.34 mm | $148.84 bn |
| Victory Capital Management | 2.15 mm | $136.72 bn |
| MCQEF Macquarie | 2.05 mm | $129.89 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Mar 23 | Lynn A Peterson | Common Stock | Sell | Dispose S | No | Yes | 62 | 7,000 | 434.00 k | 233,167 |
| 15 Mar 23 | Meyers R Scott | Common Stock | Sell | Dispose S | No | Yes | 60 | 2,500 | 150.00 k | 164,910 |
| 1 Mar 23 | Barton R Brookman JR | Common Stock | Sell | Dispose S | No | Yes | 66.23 | 2,000 | 132.46 k | 550,070 |
| 25 Feb 23 | Barton R Brookman JR | Common Stock | Payment of exercise | Dispose F | No | No | 67.12 | 25,219 | 1.69 mm | 552,070 |
| 25 Feb 23 | Lance Lauck | Common Stock | Payment of exercise | Dispose F | No | No | 67.12 | 12,318 | 826.78 k | 200,024 |
News
Goldman Sachs Maintains Neutral on PDC Energy, Lowers Price Target to $65
24 Mar 23
PDC Energy's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
24 Feb 23
PDC Energy Q4 Adj. EPS $3.22 Beats $3.08 Estimate, Sales $879.50M Beat $847.21M Estimate
22 Feb 23
Earnings Scheduled For February 22, 2023
22 Feb 23
PDC Energy's Earnings Outlook
21 Feb 23
Press releases
EnerCom Announces Lineup of Top Independent Energy Companies for EnerCom Dallas - The Energy Investment and ESG Conference April 18-19, 2023
8 Mar 23
PDC Energy, Inc. Announces Full-Year and Fourth Quarter 2022 Financial and Operating Results; Provides 2023 Guidance
22 Feb 23
PDC Energy Declares Increased Quarterly Cash Dividend on Common Shares and Announces $750 Million Increase to Share Buyback Authorization
16 Feb 23
PDC Energy Announces 2022 Fourth Quarter and Year-End Conference Call – Thursday February 23, 2023
31 Jan 23