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PDCE

PDC Energy

$45.07

-1.19 (-2.57%)

10:07
08/08/17
08/08
10:07
08/08/17
10:07

PDC Energy sees FY production towards bottom of 32-33MMBoe range

SVP and CFO David Honeyfield, commented, "As we manage the capital investment program, we are also adjusting the timing of completions, resulting in full-year estimated production towards the bottom of our 32 to 33 MMBoe range. This production outlook takes into account our updated turn-in-line schedule, anticipated midstream constraints in Wattenberg, and our updated production forecast from our Delaware assets. In terms of capital investment, we are committed to prioritizing the strength of our balance sheet while delivering highly economic rates-of-return on our capital program. After adjusting for the timing of drilling and certain completions and increased well costs in the Delaware, we expect full-year capital to be approximately $800M. This should set us up to exit 2017 with more than $100M of cash on the balance sheet together with the undrawn $700M commitment level on our current bank revolving credit facility." PDC Energy previously forecast FY production in the "top third" of the 30-33MMBoe range, likely in the 32-33MMBoe range.

  • 08

    Aug

PDCE PDC Energy
$45.07

-1.19 (-2.57%)

05/03/17
WELS
05/03/17
DOWNGRADE
WELS
Market Perform
Extraction downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst David Tameron downgraded Extraction Oil & Gas (XOG) to Market Perform saying the preliminary findings regarding the tragic situation in Firestone, Colorado will be an overhang on the Denver-Julesburg Basin players. All DJ basin-exposed names will remain under pressure given the fear of a potential regulatory response, Tameron tells investors in a research note. The analyst lowered his price target range for the shares to $14-$17 from $20-$23. Tameron this morning also downgraded Anadarko (APC) and SRC Energy (SRCI) to Market Perform. He notes that Market Perform-rated Noble Energy (NBL) and PDC Energy (PDCE) also have meaningful DJ basin exposure.
06/01/17
FBCO
06/01/17
DOWNGRADE
Target $69
FBCO
Neutral
PDC Energy downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Nitin Kumar assumed coverage on PDC Energy with a Neutral rating from an Outperform rating and lowered its price target to $69 from $79 citing execution challenges in the Delaware and relative growth.
06/21/17
GHSC
06/21/17
DOWNGRADE
Target $46
GHSC
Neutral
PDC Energy downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Mike Kelly downgraded PDC Energy to Neutral and slashed its price target to $46 from $89 to reflect a new commodity price deck. Seaport Global's Energy team reduced its long-term oil forecast to $40/bbl from $50/bbl to reflect "relentless" US production growth. The firm sees the potential for the oil market to be "significantly over supplied in 2018 and cut its oil price forecast for first half 2017 to $45/bbl from $55/bbl to $35/bbl from $55/bbl.
07/19/17
BOFA
07/19/17
INITIATION
Target $60
BOFA
Buy
PDC Energy reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Asit Sen reinstated PDC Energy with a Buy and a $60 price target.

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CVM

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ACM

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  • 22

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$50.75

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General news
Week ending ETF Scorecard: Utilities and Real Estate advance, Industrials slump »

S&P500 SECTORS:…

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XLU

Utilities SPDR

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XLP

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Financial Select Sector

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Health Care Select Sector SPDR

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XLK

Technology Select Sector SPDR

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Industrial Select Sector SPDR

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SPDR Gold Trust

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iShares Silver Trust

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United States Oil Fund

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United States Natural Gas Fund

$23.87

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HYG

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iShares iBoxx $ Investment Grade Corporate Bond

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TLT

iShares 20+ Year Treasury Bond Fund

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iShares 7-10 Year Treasury Bond ETF

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PFNX

Pfenex

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BXE

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LOGI

Logitech

$44.24

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PAGS

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  • 22

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APLS

Apellis

$21.75

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SPX

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S&P 500

$0.00

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THRM

Gentherm

$38.20

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Conference/Events
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MGTX

MeiraGTx

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MDT

Medtronic

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  • 22

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  • 12

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FOXA

21st Century Fox

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FENC

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SBBP

Strongbridge Biopharma

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  • 25

    Jun

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Options
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COOL

PolarityTE

$38.91

-0.09 (-0.23%)

16:28
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PolarityTE to hold a meeting »

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