PDC Energy Inc reports results for the quarter ended in December - Earnings Summary

PDC Energy

22/02/2023 23:39

* PDC Energy Inc  PDCE.OQ  reported quarterly adjusted
earnings of
$3.22​​ per share for the quarter ended in December. The mean
expectation of fourteen analysts for the quarter was
for earnings of $3.08 per share.
    * Revenue rose 2.9% to $879.51 million from a year ago;
analysts
expected $847.21 million. 
    * PDC Energy Inc's reported EPS for the quarter was $3.79​.
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days seven analysts negatively revised
earnings
estimates 
    * PDC Energy Inc shares had fallen by 2.8% this quarter.
    * The company reported quarterly net income of $349.74
million.
    * Wall Street's median 12-month price target for PDC Energy
Inc is
$88.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 11:39 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      3.08           3.22           Beat
 Sep. 30 2022      4.21           3.77           Missed
 Jun. 30 2022      4.64           5.11           Beat
 Mar. 31 2022      3.11           3.66           Beat