PDC Energy (PDCE) delivered earnings and revenue surprises of 66.67% and -20.50%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Q4 2019 PDC Energy Inc Earnings Call

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

PDCE vs. NBL: Which Stock Is the Better Value Option?

DENVER, April 30, 2020 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss first quarter 2020 results. The.

Hope for a quick rebound in oil prices has faded, and now some analysts are extending their forecasts for extremely low prices beyond 2021.

PDC Energy (PDCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In order to preserve its balance sheet strength, liquidity and ability to generate meaningful free cash flow(1), PDC plans to reduce its expected 2020 capital investments to a range of $500 to $600 million. The updated plan reflects a decrease of nearly 50 percent compared to its original budget of $1.0 to $1.1 billion, and includes estimated service cost savings as well as further reductions to planned drilling and completion activity compared to PDC’s prior update provided on March 11, 2020. The Company expects to generate more than $100 million of free cash flow in 2020 assuming $25 per barrel WTI crude oil, $2 per MMBtu NYMEX natural gas and NGL realizations of approximately $5 per barrel for the remainder of the year.

Q1 2020 PDC Energy Inc Earnings Call

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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The Company expects to reduce its full-year capital investments by 20 to 25 percent compared to its original guidance range of $1.0 to $1.1 billion and projects free cash flow(1) in excess of $150 million for the year. Production is now expected to average similar levels as pro forma 2019 volumes of approximately 200,000 barrels of oil equivalent per day, while oil production is expected to average approximately 73,000 barrels per day. Both total production and oil production estimates reflect the mid-January closing date of the Company’s merger with SRC Energy.

Don’t expect the oil industry recovery to look like the downturn that arrived out of the blue and eviscerated demand for fuel worldwide in just a few weeks. Oil companies have pulled back more than $1.6 billion they’d planned to spend this year in northern Colorado. Drilling projects have been shelved and hundreds of oil and gas workers laid off or furloughed in April.

The stock market dive has been especially rough on oil and gas producers in Colorado, which collectively lost more than $63 billion in market value since the start of 2020. The companies' share prices have been hit by double shocks. Experts projected a drop in global oil demand due to the novel coronavirus epidemic slowing major economies.

DENVER, May 07, 2020 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 first quarter operating and financial results.  The Company also.

Is PDC Energy (PDCE) a great pick from the value investor's perspective right now? Read on to know more.

Today is shaping up negative for PDC Energy, Inc. (NASDAQ:PDCE) shareholders, with the analysts delivering a...

PDC Energy's (PDCE) 2021 capital budget is projected to match the current-year revised capex plan.

Ladies and gentlemen, thank you for standing by, and welcome to the PDC Energy First Quarter 2020 Conference Call. On the call today, we have Bart Brookman, President and CEO; Lance Lauck, Executive Vice President; Scott Reasoner, our Chief Operating Officer; and Scott Meyers, Chief Financial Officer.

DENVER, Feb. 26, 2020 -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2019 full-year and fourth quarter operating and financial results.  The.