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PDC Energy

DB:PD3
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PD3
DB
$625M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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 last earnings update was 32 days ago. More info.


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  • PDC Energy has significant price volatility in the past 3 months.
PD3 Share Price and Events
7 Day Returns
-6.3%
DB:PD3
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-85.6%
DB:PD3
21.9%
DE Oil and Gas
-17.7%
DE Market
PD3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PDC Energy (PD3) -6.3% -66.1% -77% -85.6% -91% -89.5%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • PD3 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • PD3 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
PD3
Industry
5yr Volatility vs Market

Value

 Is PDC Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PDC Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PDC Energy.

DB:PD3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PD3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (191.7%))
1.691
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.691 * 5.44%)
8.81%

Discounted Cash Flow Calculation for DB:PD3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PDC Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PD3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.81%)
2020 269.25 Analyst x8 247.45
2021 378.00 Analyst x5 319.26
2022 286.75 Analyst x4 222.58
2023 295.45 Analyst x2 210.77
2024 445.00 Analyst x1 291.75
2025 463.10 Est @ 4.07% 279.03
2026 475.75 Est @ 2.73% 263.44
2027 484.28 Est @ 1.79% 246.45
2028 489.80 Est @ 1.14% 229.07
2029 493.13 Est @ 0.68% 211.96
Present value of next 10 years cash flows $2,521.00
DB:PD3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $493.13 × (1 + -0.39%) ÷ (8.81% – -0.39%)
$5,338.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,338.83 ÷ (1 + 8.81%)10
$2,294.74
DB:PD3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,521.00 + $2,294.74
$4,815.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,815.74 / 99.43
$48.43
DB:PD3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PD3 represents 0.91623x of NasdaqGS:PDCE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91623x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 48.43 x 0.91623
€44.38
Value per share (EUR) From above. €44.38
Current discount Discount to share price of €5.25
= -1 x (€5.25 - €44.38) / €44.38
88.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PDC Energy is available for.
Intrinsic value
>50%
Share price is €5.25 vs Future cash flow value of €44.38
Current Discount Checks
For PDC Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PDC Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PDC Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PDC Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PDC Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PD3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.89
NasdaqGS:PDCE Share Price ** NasdaqGS (2020-03-30) in USD $5.73
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PDC Energy.

DB:PD3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PDCE Share Price ÷ EPS (both in USD)

= 5.73 ÷ -0.89

-6.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PDC Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • PDC Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does PDC Energy's expected growth come at a high price?
Raw Data
DB:PD3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
48.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PDC Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PDC Energy's assets?
Raw Data
DB:PD3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $37.90
NasdaqGS:PDCE Share Price * NasdaqGS (2020-03-30) in USD $5.73
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:PD3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PDCE Share Price ÷ Book Value per Share (both in USD)

= 5.73 ÷ 37.90

0.15x

* Primary Listing of PDC Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PDC Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess PDC Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. PDC Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PDC Energy expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PDC Energy expected to grow at an attractive rate?
  • PDC Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • PDC Energy's earnings growth is expected to exceed the Germany market average.
  • PDC Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PD3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PD3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 48.2%
DB:PD3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 12.2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PD3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PD3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,364 1,433 606 2
2023-12-31 2,195 1,348 383 3
2022-12-31 2,043 1,292 240 3
2021-12-31 1,711 1,122 56 7
2020-12-31 1,622 1,052 66 7
2020-03-30
DB:PD3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,238 858 -57
2019-09-30 1,289 987 143
2019-06-30 1,342 951 124
2019-03-31 1,328 866 -105
2018-12-31 1,313 889 2
2018-09-30 1,207 755 -99
2018-06-30 1,076 706 -388
2018-03-31 960 663 -187
2017-12-31 865 598 -128
2017-09-30 774 546 -261
2017-06-30 699 561 8
2017-03-31 622 525 -128

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PDC Energy's earnings are expected to grow significantly at over 20% yearly.
  • PDC Energy's revenue is expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PD3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from PDC Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PD3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 6.61 11.05 2.17 2.00
2023-12-31 3.98 5.92 2.04 2.00
2022-12-31 3.04 4.45 1.93 3.00
2021-12-31 1.05 2.06 0.35 7.00
2020-12-31 0.30 2.73 -1.27 8.00
2020-03-30
DB:PD3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.89
2019-09-30 2.20
2019-06-30 1.87
2019-03-31 -1.59
2018-12-31 0.03
2018-09-30 -1.50
2018-06-30 -5.89
2018-03-31 -2.83
2017-12-31 -1.94
2017-09-30 -4.07
2017-06-30 0.14
2017-03-31 -2.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PDC Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PDC Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PDC Energy has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PDC Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PDC Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PDC Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PDC Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PDC Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
PDC Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PDC Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PD3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,238.21 -56.67 158.51
2019-09-30 1,289.32 143.13 172.96
2019-06-30 1,342.41 123.79 185.93
2019-03-31 1,327.80 -105.01 180.61
2018-12-31 1,313.07 2.02 176.71
2018-09-30 1,207.00 -99.19 164.40
2018-06-30 1,075.77 -388.30 186.34
2018-03-31 959.50 -186.79 178.78
2017-12-31 864.84 -127.50 167.70
2017-09-30 774.12 -260.78 154.42
2017-06-30 698.71 8.45 115.97
2017-03-31 621.82 -128.25 109.22
2016-12-31 477.19 -245.93 104.94
2016-09-30 456.99 -187.27 107.76
2016-06-30 414.58 -205.45 95.53
2016-03-31 397.84 -156.87 92.72
2015-12-31 392.14 -68.28 91.06
2015-09-30 356.75 12.67 58.55
2015-06-30 389.02 108.24 96.93
2015-03-31 446.80 125.73 94.85
2014-12-31 545.90 107.26 93.01
2014-09-30 573.08 38.09 115.03
2014-06-30 534.69 -29.90 73.01
2014-03-31 469.97 18.44 68.98
2013-12-31 394.83 -21.11 70.05
2013-09-30 362.45 -55.54 79.48
2013-06-30 331.16 -69.64 78.07
2013-03-31 302.94 -69.41 79.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if PDC Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • PDC Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if PDC Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PDC Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PDC Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PDC Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PDC Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PDC Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PDC Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PDC Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PDC Energy Company Filings, last reported 2 months ago.

DB:PD3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,335.51 1,177.23 0.96
2019-09-30 2,359.76 1,267.47 4.57
2019-06-30 2,378.41 1,197.74 1.47
2019-03-31 2,409.76 1,289.05 1.11
2018-12-31 2,526.71 1,194.88 1.40
2018-09-30 2,342.24 1,234.73 1.37
2018-06-30 2,340.31 1,179.12 1.43
2018-03-31 2,497.37 1,154.53 45.92
2017-12-31 2,507.65 1,151.93 180.68
2017-09-30 2,426.60 1,051.57 136.43
2017-06-30 2,714.44 1,049.00 202.29
2017-03-31 2,671.18 1,046.46 257.51
2016-12-31 2,622.75 1,043.95 244.10
2016-09-30 1,986.06 1,041.58 1,197.69
2016-06-30 1,424.57 493.00 109.10
2016-03-31 1,516.45 606.90 238.55
2015-12-31 1,287.20 642.38 0.85
2015-09-30 1,279.74 662.06 3.69
2015-06-30 1,316.59 664.00 1.38
2015-03-31 1,360.23 609.95 67.49
2014-12-31 1,137.36 655.48 16.07
2014-09-30 1,002.02 675.91 18.24
2014-06-30 943.27 668.92 40.36
2014-03-31 968.14 667.20 147.19
2013-12-31 967.59 604.99 192.64
2013-09-30 951.10 653.80 298.49
2013-06-30 688.13 639.13 43.21
2013-03-31 665.91 687.97 2.49
  • PDC Energy's level of debt (50.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.5% vs 50.4% today).
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.

  • PDC Energy has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if PDC Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess PDC Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PDC Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PDC Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from PDC Energy dividends. Estimated to be 0% next year.
If you bought €2,000 of PDC Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate PDC Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PDC Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PD3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PD3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2020-03-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as PDC Energy has not reported any payouts.
  • Unable to verify if PDC Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PDC Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PDC Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of PDC Energy's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess PDC Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PDC Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PDC Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PDC Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bart Brookman
COMPENSATION $6,967,823
AGE 57
TENURE AS CEO 5.2 years
CEO Bio

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 Operating Officer of PDC energy, Inc -General partner at Rockies Region 2007 Limited Partnership from June 2013 to December 2014 and Executive Vice President from June 2013 to June 2014. He served as Senior Vice President of Exploration & Production of Petroleum Development Corporation and of PDC Energy, Inc. from March 8, 2008 to June 11, 2013. He served as the Vice President of Exploration and Production at Petroleum Development Corp. since joining it in July 2005. He served as a Vice President of Patina Oil & Gas Corp., since January 2001 and District Operations Manager from 1996 to December 2000. Mr. Brookman worked for Patina Oil and Gas and its predecessor Snyder Oil Corporation from 1988 to 2005 for 17 years in a series of positions of increasing responsibility, ending his service as a Vice President of Operations of Patina. From 1988 to 1996, he served as a District Operations Manager of Snyder Oil Corporation. From 1986 to 1988, he served as a Petroleum Engineer for Ladd Petroleum Corporation, an affiliate of General Electric. He has been Director of PDC Energy, Inc. since January 1, 2015. He serves as a Director at PDC Permian, Inc. Mr. Brookman holds a Bachelor of Science in Petroleum Engineering from the Colorado School of Mines and an MS in Finance from the University of Colorado, Denver.

CEO Compensation
  • Bart's compensation has increased whilst company is loss making.
  • Bart's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PDC Energy management team in years:

3.2
Average Tenure
58
Average Age
  • The tenure for the PDC Energy management team is about average.
Management Team

Bart Brookman

TITLE
CEO, President & Director
COMPENSATION
$7M
AGE
57
TENURE
5.2 yrs

R. Meyers

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
44
TENURE
2.2 yrs

Scott Reasoner

TITLE
Senior VP & COO
COMPENSATION
$3M
AGE
58
TENURE
3.2 yrs

Lance Lauck

TITLE
Executive Vice President of Corporate Development & Strategy
COMPENSATION
$3M
AGE
57
TENURE
5.2 yrs

Douglas Griggs

TITLE
Chief Accounting Officer
AGE
59
TENURE
1.8 yrs

Erik Roach

TITLE
Director of Reservoir Engineering & Technology
TENURE
1.6 yrs

John DeLawder

TITLE
Senior Vice President of Corporate Administration
AGE
58
TENURE
3.2 yrs

Mike Edwards

TITLE
Senior Director of Investor Relations
AGE
60
TENURE
10.7 yrs

Nicole Martinet

TITLE
General Counsel
AGE
42
TENURE
1.2 yrs

George Courcier

TITLE
Vice President of Marketing & Midstream
AGE
62
Board of Directors Tenure

Average tenure and age of the PDC Energy board of directors in years:

4.1
Average Tenure
62
Average Age
  • The tenure for the PDC Energy board of directors is about average.
Board of Directors

Mark Ellis

TITLE
Non-Executive Chairman
COMPENSATION
$239K
AGE
63

Bart Brookman

TITLE
CEO, President & Director
COMPENSATION
$7M
AGE
57
TENURE
5.2 yrs

David Parke

TITLE
Independent Director
COMPENSATION
$264K
AGE
52
TENURE
16.3 yrs

Tony Crisafio

TITLE
Independent Director
COMPENSATION
$274K
AGE
66
TENURE
13.4 yrs

Christina Ibrahim

TITLE
Independent Director
COMPENSATION
$239K
AGE
51
TENURE
2.2 yrs

Jeffrey Swoveland

TITLE
Director
COMPENSATION
$383K
AGE
64
TENURE
29.2 yrs

Randy Nickerson

TITLE
Independent Director
COMPENSATION
$259K
AGE
57
TENURE
3 yrs

Lynn Peterson

TITLE
Director
AGE
66
TENURE
0.2 yrs

Paul Korus

TITLE
Director
AGE
62
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PDC Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Mar 20 Buy Mark Ellis Individual 02. Mar 20 03. Mar 20 10,000 €16.59 €161,406
17. Jan 20 Sell Anthony Crisafio Individual 15. Jan 20 15. Jan 20 -3,850 €22.26 €-85,692
18. Sep 19 Sell Anthony Crisafio Individual 16. Sep 19 16. Sep 19 -1,500 €31.91 €-47,861
19. Jun 19 Sell Kimmeridge Energy Management Company, LLC Company 18. Jun 19 18. Jun 19 -100,000 €30.41 €-3,040,536
13. May 19 Buy Mark Ellis Individual 10. May 19 10. May 19 10,000 €33.18 €331,784
13. May 19 Sell David Parke Individual 09. May 19 09. May 19 -800 €32.10 €-25,679
18. Apr 19 Sell Nicole Martinet Individual 17. Apr 19 17. Apr 19 -500 €40.03 €-20,016
16. Apr 19 Sell Scott Reasoner Individual 15. Apr 19 15. Apr 19 -1,714 €38.94 €-66,751
16. Apr 19 Sell Barton Brookman Individual 12. Apr 19 12. Apr 19 -1,500 €39.85 €-59,782
16. Apr 19 Sell Lance Lauck Individual 12. Apr 19 12. Apr 19 -500 €39.77 €-19,883
16. Apr 19 Sell Nicole Martinet Individual 15. Apr 19 15. Apr 19 -500 €38.94 €-19,472
X
Management checks
We assess PDC Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PDC Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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. Its operations are primarily located in the Wattenberg Field in Colorado focuses on horizontal Niobrara and Codell plays; and the Delaware Basin in Texas focuses on Wolfcamp zones. As of December 31, 2019, it had 611 million barrels of crude oil equivalent of proved reserves; and owned an interest in approximately 2,649 gross productive 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.

Details
Name: PDC Energy, Inc.
PD3
Exchange: DB
Founded: 1969
$566,871,311
99,429,198
Website: http://www.pdce.com
Address: PDC Energy, Inc.
1775 Sherman Street,
Suite 3000,
Denver,
Colorado, 80203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PDCE Common Stock Nasdaq Global Select US USD 31. Aug 1976
DB PD3 Common Stock Deutsche Boerse AG DE EUR 31. Aug 1976
Number of employees
Current staff
Staff numbers
540
PDC Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:31
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.