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. More Details
Fair value with moderate growth potential.
Share Price & News
How has PDC Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PDCE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PDCE's weekly volatility (7%) has been stable over the past year.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: PDCE exceeded the US Oil and Gas industry which returned 41.4% over the past year.
Return vs Market: PDCE exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is PDC Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StDoes PDC Energy (NASDAQ:PDCE) Have A Healthy Balance Sheet?
1 month ago | Simply Wall StIs There An Opportunity With PDC Energy, Inc.'s (NASDAQ:PDCE) 34% Undervaluation?
2 months ago | Simply Wall StWe Think Shareholders May Want To Consider A Review Of PDC Energy, Inc.'s (NASDAQ:PDCE) CEO Compensation Package
Is PDC Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PDCE ($39.55) is trading below our estimate of fair value ($67.52)
Significantly Below Fair Value: PDCE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PDCE is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: PDCE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PDCE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PDCE is good value based on its PB Ratio (1.5x) compared to the US Oil and Gas industry average (1.7x).
How is PDC Energy forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PDCE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: PDCE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PDCE's is expected to become profitable in the next 3 years.
Revenue vs Market: PDCE's revenue (7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: PDCE's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PDCE's Return on Equity is forecast to be high in 3 years time
How has PDC Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PDCE is currently unprofitable.
Growing Profit Margin: PDCE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PDCE is unprofitable, and losses have increased over the past 5 years at a rate of 25.7% per year.
Accelerating Growth: Unable to compare PDCE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PDCE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-38.4%).
Return on Equity
High ROE: PDCE has a negative Return on Equity (-10.37%), as it is currently unprofitable.
How is PDC Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PDCE's short term assets ($335.3M) do not cover its short term liabilities ($943.6M).
Long Term Liabilities: PDCE's short term assets ($335.3M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: PDCE's debt to equity ratio (55.6%) is considered high.
Reducing Debt: PDCE's debt to equity ratio has increased from 40% to 55.6% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PDCE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PDCE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.4% per year.
What is PDC Energy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PDCE's dividend (1.21%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: PDCE's dividend (1.21%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether PDCE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PDCE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PDCE's dividends in 3 years are forecast to be thoroughly covered by earnings (9.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bart Brookman (59 yo)
Mr. Barton R. Brookman, Jr., also known as Bart, has been the Chief Executive Officer and President at PDC Energy, Inc., since January 1, 2015 and June 2014 respectively. Mr. Brookman served as the Chief O...
CEO Compensation Analysis
Compensation vs Market: Bart's total compensation ($USD7.88M) is above average for companies of similar size in the US market ($USD5.32M).
Compensation vs Earnings: Bart's compensation has increased whilst the company is unprofitable.
Experienced Management: PDCE's management team is considered experienced (3.3 years average tenure).
Experienced Board: PDCE's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PDCE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PDC Energy, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: PDC Energy, Inc.
- Ticker: PDCE
- Exchange: NasdaqGS
- Founded: 1969
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$3.847b
- Shares outstanding: 97.28m
- Website: https://www.pdce.com
Number of Employees
- PDC Energy, Inc.
- 1775 Sherman Street
- Suite 3000
- United States
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 opera...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:03|
|End of Day Share Price||2021/07/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.