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Last $59.64 USD
Change Today +0.77 / 1.31%
Volume 1.3M
PDCE On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

pdc energy inc (PDCE) Snapshot

Open
$59.08
Previous Close
$58.87
Day High
$60.66
Day Low
$58.50
52 Week High
06/19/14 - $70.44
52 Week Low
12/1/14 - $27.91
Market Cap
2.4B
Average Volume 10 Days
1.1M
EPS TTM
$0.09
Shares Outstanding
40.0M
EX-Date
--
P/E TM
649.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for PDC ENERGY INC (PDCE)

pdc energy inc (PDCE) Related Businessweek News

No Related Businessweek News Found

pdc energy inc (PDCE) Details

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 operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to midstream service providers, marketers, and utilities; crude oil; and natural gas liquids. The Gas Marketing segment purchases, aggregates, and resells natural gas; and purchases natural gas produced by third party producers for resale. This segment markets natural gas to third-party marketers and natural gas utilities, as well as to industrial and commercial customers. As of December 31, 2014, it had approximately 250 million barrels of crude oil equivalent of proved reserves; and owned an interest in approximately 2,900 gross producing 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.

343 Employees
Last Reported Date: 02/19/15
Founded in 1969

pdc energy inc (PDCE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $916.7K
Chief Financial Officer
Total Annual Compensation: $657.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $567.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $603.0K
Operations Advisor and Director
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

pdc energy inc (PDCE) Key Developments

Petroleum Development Corp Presents at IBERIA Capital Partners' Oil & Gas Day, May-12-2015

Petroleum Development Corp Presents at IBERIA Capital Partners' Oil & Gas Day, May-12-2015 . Venue: Omni Berkshire Place, 21 East 52nd Street at Madison Avenue, New York, NY 10022, United States.

Petroleum Development Corp Presents at The Credit Suisse Boston Shale Symposium, May-11-2015 10:00 AM

Petroleum Development Corp Presents at The Credit Suisse Boston Shale Symposium, May-11-2015 10:00 AM.

PDC Energy, Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015

PDC Energy, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s total revenues were $144,632,000 against $122,657,000 a year ago. Income from operations was $38,397,000 against $9,694,000 a year ago. Income from continuing operations before income tax was $27,785,000 against loss of $2,302,000 a year ago. Income from continuing operations was $17,062,000 against loss of $1,408,000 a year ago. Net income was $17,062,000 against loss of $2,127,000 a year ago. Diluted earnings per share from continuing operations were $0.46 against loss of $0.04 a year ago. Diluted net income was $0.46 against loss of $0.06 a year ago. Capital expenditures for the first quarter of 2015, excluding carry-over of expenses related to prior periods, were $140.3 million compared to $124.8 million for the same 2014 period. Adjusted EBITDA was $82.0 million against $76.5 million a year ago. Adjusted net income was $7.0 million for the first quarter of 2015, compared to adjusted net income of $9.6 million for the comparable period of 2014. Net cash from operating activities was $81.9 million in the first quarter of 2015, compared to net cash from operating activities of $80.5 million in the first quarter of 2014. Adjusted cash flows from operations increased 6% to $74.0 million in the first quarter of 2015, compared to $69.7 million in the comparable period of 2014. First quarter 2015 production increased 41% to 2.9 million barrels of oil equivalent ("MMBoe"), or 32,162 barrels of oil equivalent ("Boe") per day, compared to 2.1 MMBoe, or 22,805 Boe per day, in the first quarter of 2014. Daily production in the first quarter of 2015 increased 15% compared to 28,059 Boe per day in the fourth quarter of 2014. The increase in production over first quarter 2014 was primarily due to the addition of a fifth drilling rig in the Wattenberg Field in 2014, while the increase in production over the fourth quarter 2014 was due to successful horizontal development in the Wattenberg Field and Utica Shale.

 

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Industry Analysis

PDCE

Industry Average

Valuation PDCE Industry Range
Price/Earnings 17.3x
Price/Sales 4.5x
Price/Book 1.7x
Price/Cash Flow 6.2x
TEV/Sales 3.5x
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