PDC Energy, Inc.

NasdaqGS:PDCE 株式レポート

時価総額：US$6.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PDC Energy 将来の成長

Future 基準チェック /06

現在、 PDC Energyの成長と収益を予測するのに十分なアナリストの調査がありません。

主要情報

-12.5%

収益成長率

-10.67%

EPS成長率

Oil and Gas 収益成長11.3%
収益成長率4.8%
将来の株主資本利益率n/a
アナリストカバレッジ

Low

最終更新日08 Aug 2023

今後の成長に関する最新情報

Recent updates

Seeking Alpha • Sep 10

PDC Energy: Variable Dividend Might Exceed $2 Per Share

Summary PDC is projected to generate over $900 million in positive cash flow during the second half of 2022. This would allow it to do continued share repurchases and fund a variable dividend that should be $2+ per share. PDC also received permits for 99 Colorado wells and is awaiting a hearing that could give it permits for another 450 wells. PDC Energy (PDCE) looks capable of generating over $900 million in positive cash flow during the second half of 2022. This is expected to help fund continued share repurchases as well as a variable dividend (related to 2022 results) that should be $2+ per share. PDC's estimated value is around $73 to $79 per share in a long-term $70 WTI oil and $4.00 NYMEX gas scenario. It is progressing well in terms of getting Colorado permits, which I've previously noted as a significant potential catalyst. The hearing for its Guanella Comprehensive Area Plan (which could add several years to its permitted inventory) is currently scheduled for December. Colorado Permits PDC has made substantial progress with its Colorado permitting situation. It received unanimous approval for its Broe and Kenosha development plans in June, which gave it permits for 99 wells. It also received a completeness determination on its Guanella Comprehensive Area Plan in early August. This moves the process along to the technical review phase and a 60-day public comment period. The tentative hearing date before the oil and gas commission is set for December 7. PDC's Permits (pdce.com) Getting the Guanella CAP approved would be a major boost for PDC, as that would add approximately 450 locations and give it permitted inventory that should last past 2028 at current activity rates. 2H 2022 Outlook PDC now expects its 2H 2022 production to average 250,000 BOEPD including 82,000 barrels of oil per day. At current strip prices (including roughly $90 WTI oil and $8 NYMEX gas), PDC is projected to generate $2.461 billion in oil and gas revenues before hedges during the second half of the year. PDC's 2H 2022 hedges have around negative $502 million in estimated value. Barrels/Mcf $ Per Barrel/Mcf (Realized) $ Million Oil (Barrels) 15,088,000 $89.00 $1,343 NGLs (Barrels) 13,292,160 $30.00 $399 Natural Gas [MCF] 105,719,040 $6.80 $719 Hedge Value -$502 Total Revenue $1,959 PDC has an estimated $1.027 billion in cash expenditures for the second half of 2022, including $540 million for capex. This leads to a projection that it can generate $932 million in positive cash flow in the second half of 2022 at $90 WTI oil. $ Million Lease Operating Expense $152 Transportation, Gathering and Processing $64 Production Taxes $177 Cash G&A $60 Cash Interest $34 Capital Expenditures $540 Total Expenses $1,027 PDC may also pay out $67 million in dividends during the second half of 2022 at its current quarterly dividend rate of $0.35 per share. Net Debt And Share Count PDC had $1.658 billion in net debt at the end of Q2 2022, so it is projected to reduce its net debt to $793 million by the end of 2022 based on current strip prices. This does not include the effect of further share repurchases or variable dividend payments. PDC has estimated that it will spend $400 million on share repurchases in the second half of 2022, while it would also have another $185 million to allocate towards a variable dividend to reach its target of a 60+% return (of free cash flow less base dividends) to shareholders. PDC's Expected 2022 Results (pdce.com)
Seeking Alpha • Aug 25

PDC Energy declares $0.35 dividend

PDC Energy (NASDAQ:PDCE) declares $0.35/share quarterly dividend, in line with previous. Forward yield 2.04% Payable Sept. 22; for shareholders of record Sept. 8; ex-div Sept. 7. See PDCE Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 11

PDC Energy Remains Resistant To Monetary Policy

Fully closed acquisition of Great Western Petroleum leads to $1.7 billion in FCF and repurchasing programs with raising dividends for shareholders. Recent announcement of its third OGDP approval in the last 12 months shows that management is committed to investing in the future. Ranks well amongst competitors and has high rates of dividend and return on equity in comparable companies anaylsis. Federal Reserve’s policy is not enough to offset enough demand to meet the low supply of oil. Introduction Year to date, PDC Energy (PDCE) rose by 21.26% whereas broader markets and index funds have declined by over 13%. Price Changes (Yahoo Finance) I believe that PDCE is only seeing the beginning of its growth tailwinds, especially with catalysts such as long-term high oil prices being comparable to the times after the 2008 stock market crash. Additionally, this stock is recovering nicely from the pandemic. Its forward 5-year average EBITDA growth multiples are 99.46% above its sector median of 24.49%, suggesting above-average growth. I believe that there are a multitude of positive signs that investors are overlooking, such as the recent Great Western Petroleum acquisition leading to more capital return to shareholders and an increased likelihood of rapid approval of development plans for oil drilling sites in the near future. Let’s take a closer look at the primary drivers for my assumptions on a bullish outlook. Company Activity The company has now fully closed on the acquisition of Great Western Petroleum and with that shareholder returns are coming back. This acquisition leads to immediate growth in both material inventory and financial values. PDC Energy has a tremendous amount of FCF on hand and leadership appears confident in their business prospects. Here is a good quote from President and Chief Executive Officer Bart Brookman’s recent announcement on the future of the company: We are excited to roll out our updated 2022 budget, which not only delivers top tier FCF generation of $1.7 billion each of the next two years, but also allows us outstanding shareholder returns of at least $1 billion annually. In the face of significant inflation, our operating teams have done a tremendous job innovating, driving additional efficiencies, and ensuring our capital budget remains at or below $1 billion. As we streamline our operations, the Great Western acquisition provides the Company with additional scale and high value inventory with increased shareholder returns. The primary bullish signal presented here is the increased return of excess capital back to shareholders given that PDC optimistically is expecting to generate $1.7 billion in FCF for the next 2 years. This is great news and shows that PDC Energy is taking a step in the right direction to sustain and grow profits over time. More specifically, the detailed framework of shareholder returns is provided here by management: ..at least 60% of FCF after base dividends will be returned to shareholders in the form of share repurchases and, if necessary, a year end special dividend. The Company has a $1.25 billion Board authorized share repurchase plan that it expects to fully utilize by the end of 2023. On May 26th, the Company’s’ board of directors approved a raised base quarterly dividend of $0.35 per share. The second quarter dividend is payable on June 23, 2022 to stockholders of record at the close of business on June 9, 2022. Based on our current estimated FCF and assuming we reach our annual $625 million share buyback goal, we anticipate that our year end special dividend could exceed $300 million. The implementation of repurchasing programs and increasing dividend rates shows that the Board of Directors is well aware of the current undervaluation of the PDCE and is committed to increasing shareholder value for investors. Such actions will further supplement PDCE as a great investment for income-seeking investors as the company already is in the top 75% of US-listed companies for dividends. The company has reported strong EPS (EPS of $5.07) which is more than enough to cover the annual dividend per share of $1.34. This is fantastic news for investors. PDCE dividend stability and growth (WallStreetZen) More Oil & Gas Development Plan Success Another reason why I am optimistic about PDCE is due to the major catalyst involving government regulations. PDC Energy recently announced on June 29 its third approval —Broe— in the last 12 months regarding their Oil and Gas Development Plan (OGDP) to permit 30 more drilling sites in rural Weld County, Colorado. In total, PDC Energy is rapidly expanding their arsenal of drilling sites to capitalize on the rising demand for oil/gas prices. Their recent news release gives us a better picture on this: Combined with the previously announced Kenosha OGDP approval earlier this month, the Company has added 99 new wells to its inventory in June and will soon have over 675 permits and drilled and uncompleted wells (“DUCs”) The rapid adoption and execution of the company’s OGDP shows that management is committed to investing in the future and is doing a good job of increasing their drilling footprint across the nation. With regards to what the future entails, I think that oil prices will still remain high for consumers and even rise. Since demand growth is outpacing supply growth, the oil market is likely to remain undersupplied. PDC Energy clearly has picked up on this and that these investments will help to increase the company’s operations and profits down the line.
Seeking Alpha • May 17

PDC Energy: May Be Able To Reduce Share Count By Over 15% In 2022

PDC Energy is now projected to generate close to $2 billion in positive cash flow in 2022 at current strip. This would give it the ability to put $1.1 billion towards share repurchases and special dividends. At its current share price, PDC could repurchase over 15% of its outstanding shares with that amount.

業績と収益の成長予測

NasdaqGS:PDCE - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
12/31/20254,0351,3581,2262,4631
12/31/20243,6111,2689892,4072
12/31/20233,4731,2639802,3002
6/30/20233,5381,8511,0672,392N/A
3/31/20233,9342,2241,5882,872N/A
12/31/20223,9981,7781,6752,772N/A
9/30/20223,8641,9011,6592,605N/A
6/30/20223,4171,2491,3242,207N/A
3/31/20222,7764991,0221,684N/A
12/31/20212,3925229641,548N/A
9/30/20211,933437141,249N/A
6/30/20211,576-1346751,078N/A
3/31/20211,234-268486957N/A
12/31/20201,100-724317870N/A
9/30/20201,091-739304857N/A
6/30/20201,086-69272810N/A
3/31/20201,240-402146967N/A
12/31/20191,238-57-19858N/A
9/30/20191,289143-77962N/A
6/30/20191,342124-125926N/A
3/31/20191,328-105-165841N/A
12/31/20181,3132-68889N/A
9/30/20181,207-99-144755N/A
6/30/20181,076-388-134706N/A
3/31/2018960-187-146663N/A
12/31/2017865-128-144598N/A
9/30/2017774-261-73546N/A
6/30/2017699820561N/A
3/31/2017622-128N/A525N/A
12/31/2016477-246N/A486N/A
9/30/2016457-187N/A489N/A
6/30/2016415-205N/A462N/A
3/31/2016398-157N/A430N/A
12/31/2015392-68N/A411N/A
9/30/201535713N/A318N/A
6/30/2015389108N/A252N/A
3/31/2015447126N/A238N/A
12/31/2014546107N/A237N/A
9/30/201457338N/A242N/A
6/30/2014535-30N/A249N/A
3/31/201447018N/A195N/A
12/31/2013395-21N/A159N/A
9/30/2013362-56N/A167N/A
6/30/2013331-70N/A147N/A
3/31/2013303-69N/A175N/A
12/31/2012278-19N/A175N/A
9/30/2012302-15N/A189N/A

アナリストによる今後の成長予測

収入対貯蓄率: PDCEの収益は今後 3 年間で減少すると予測されています (年間-12.5% )。

収益対市場: PDCEの収益は今後 3 年間で減少すると予測されています (年間-12.5% )。

高成長収益: PDCEの収益は今後 3 年間で減少すると予測されています。

収益対市場: PDCEの収益 ( 4.8% ) US市場 ( 11.7% ) よりも低い成長が予測されています。

高い収益成長: PDCEの収益 ( 4.8% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: PDCEの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2023/08/08 23:25
終値2023/08/04 00:00
収益2023/06/30
年間収益2022/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

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業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

PDC Energy, Inc. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28

アナリスト機関
Randy OllenbergerBMO Capital Markets Equity Research
John AbbottBofA Global Research
No AnalystBofA Global Research