PDC Energy, Inc. (NASDAQ:PDCE) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PDCE is expected to report 3Q20 income of $ 0.62 per share from revenue of $ 381.49 million.
For the full year, analysts anticipate top line of $ 1469.68 million, while looking forward to loss of $ 6.15 per share bottom line.
Previous Quarter Performance
PDC Energy, Inc. disclosed income for the second quarter of $ 0.14 per share, from the revenue of $ 54.42 million. Wall street analysts are predicting, PDCE to report 2Q20 loss of $ 0.23 per share from revenue of $ 252.48 million. The bottom line results beat street analysts by $ 0.37 or 160.87 percent, at the same time, top line results fell short of analysts by $ 198.06 million or 78.45 percent.
Stock Performance
Shares of PDC Energy, Inc. traded low $ -0.07 or -0.57 percent on Tuesday, reaching $ 12.26 with volume of 1.03 million shares. PDC Energy, Inc. has traded high as $ 12.83 and has cracked $ 12.14 on the downward trend
According to the previous trading day, closing price of $ 12.26, representing a 173.39 % increase from the 52 week low of $ 4.51 and a 55.71 % decrease over the 52 week high of $ 27.84.
The company has a market capital of $ 1.20 billion and is part of the Energy sector and Oil & Gas E&P industry.
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 and the Delaware Basin in Texas. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc.
