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

PDC Energy

04/05/2023 01:08

* PDC Energy Inc  PDCE.OQ  reported quarterly adjusted
earnings of
$2.61​​ per share for the quarter ended in March. The mean
expectation of fifteen analysts for the quarter was for earnings
of $2.84 per share.
    * Revenue fell 8% to $813.54 million from a year ago;
analysts
expected $766.65 million. 
    * PDC Energy Inc's reported EPS for the quarter was $4.64​.
    * The mean earnings estimate of analysts had fallen by
about 14.5%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates 
    * PDC Energy Inc shares had fallen by 3.6% this quarter and
lost 2.5% so far this year.
    * The company reported quarterly net income of $414.13
million.
    * Wall Street's median 12-month price target for PDC Energy
Inc is
$91.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 12:08 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.84           2.61           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