PDC Energy, Inc. Announces Full-Year and Fourth Quarter 2022 Financial and Operating Results; Provides 2023 Guidance

$PDCE
Oil & Gas Production
Energy
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Recent Analyst Ratings for
$PDCE

DatePrice TargetRatingAnalyst
5/31/2023Buy → Neutral
Seaport Research Partners
1/10/2023$97.00Buy
Mizuho
12/12/2022$68.00Buy → Hold
Truist
10/18/2022$74.00Buy → Neutral
Goldman
9/20/2022Sector Weight
KeyBanc Capital Markets
7/20/2022$76.00Buy
MKM Partners
3/3/2022$69.00 → $72.00Overweight
Keybanc
3/1/2022$72.00 → $84.00Buy
MKM Partners
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  • Erie Indemnity and Penske Automotive Group Set to Join S&P MidCap 400

    NEW YORK, Aug. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Penske Automotive Group Inc. (NYSE:PAG) will replace Univar Solutions Inc. (NYSE:UNVR) in the S&P MidCap 400 effective prior to the opening of trading on Friday, August 4. Apollo Global Management Inc. (NYSE:APO) acquired Univar Solutions in a deal that closed today.Erie Indemnity Co. (NASD: ERIE) will replace PDC Energy Inc. (NASD: PDCE) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, August 8. S&P 500 & 100 constituent Chevron Corp. (NYSE:CVX) is acquiring PDC Energy in a deal expected to be completed soon pending final conditions.Following is a su

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  • Lifshitz Law PLLC Announces Investigations of CWBR, GHL, PDCE, and VECT

    NEW YORK, June 03, 2023 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ:CWBR) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of CWBR and Morphogenesis, Inc. Under the terms of the proposed merger, CWBR shareholders will receive a dividend equal to approximately 3.30 shares of CWBR common stock. Following the merger, pre-merger CohBar shareholders are expected to own approximately 15% of the outstanding equity of the combined company. If you are a CWBR investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-

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  • PDC Energy Declares Quarterly Cash Dividend on Common Shares

    DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC's outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023. About PDC Energy, Inc. 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 horizont

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    Oil & Gas Production
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$PDCE
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  • PDC Energy Announces Continued Board Refreshment Through Appointment of New Director Pamela Butcher

    DENVER, Feb. 02, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that it appointed Pamela R. Butcher to its board of directors on February 2, 2022. Ms. Butcher brings nearly 40 years of leadership experience in the chemical industry, most recently as CEO, President and Chief Operating Officer at Pilot Chemical Corp. ("Pilot"), a position she retired from in January 2021. Prior to Pilot, Ms. Butcher worked 29 years for Dow Inc. (formerly known as The Dow Chemical Company) in a variety of executive positions of increasing responsibility. Non-executive Chairman of the Board and Chair of the Environmental, Social, Nominating and Governance Comm

    $PDCE
    Oil & Gas Production
    Energy
  • PDC Energy Announces 2020 Results, 2021 Guidance and Multi-Year Outlook Focused on Return of Capital Initiatives Including Board-Approved Dividend Program Expected to Commence Mid-2021

    DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 fourth quarter and full-year operating and financial results. The Company also provided detailed 2021 guidance and a preliminary multi-year outlook. 2020 Fourth Quarter and Full-Year Highlights: Net cash from operating activities of approximately $220 million and $870 million in the fourth quarter and full-year 2020, respectively. Adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $270 million and $920 million for the comparable periods. Oil and gas capital investments of approximately $110 million and $520 million for the fou

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$PDCE
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  • Lifshitz Law PLLC Announces Investigations of CWBR, GHL, PDCE, and VECT

    NEW YORK, June 03, 2023 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ:CWBR) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of CWBR and Morphogenesis, Inc. Under the terms of the proposed merger, CWBR shareholders will receive a dividend equal to approximately 3.30 shares of CWBR common stock. Following the merger, pre-merger CohBar shareholders are expected to own approximately 15% of the outstanding equity of the combined company. If you are a CWBR investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-

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    $GHL
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  • PDC Energy Declares Quarterly Cash Dividend on Common Shares

    DENVER, May 24, 2023 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per share on PDC's outstanding common stock. The dividend is payable on June 22, 2023, to stockholders of record at the close of business on June 8, 2023. About PDC Energy, Inc. 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 horizont

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  • Chevron Announces Agreement to Acquire PDC Energy

    Complementary to Chevron's operations in important U.S. production basins Adds 10% to oil equivalent proved reserves for under $7 per barrel Accretive to earnings per share and return on capital employed (ROCE) Expected to add $1 billion to annual free cash flow Chevron Corporation (NYSE:CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ:PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron's closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total en

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$PDCE
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