PDC Energy, Inc.

PDC Energy, Inc.verified

PDCE

Price:

$73.85

Market Cap:

$6.42B

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 company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. As of December 31, 2021, it owned interests in approximately 3,500 productive gross 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.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

1990-03-26

Stock Exchange

NASDAQ

Ticker

PDCE

The Current Ratio as of July 2024 (TTM) for PDC Energy, Inc. (PDCE) is 0.49

According to PDC Energy, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.49. This represents a change of 8.37% compared to the average of 0.46 of the last 4 quarters.

PDC Energy, Inc. (PDCE) Historical Current Ratio (quarterly & annually)

How has PDCE Current Ratio performed in the past?

The mean historical Current Ratio of PDC Energy, Inc. over the last ten years is 0.89. The current 0.49 Current Ratio has changed 5.44% with respect to the historical average. Over the past ten years (40 quarters), PDCE's Current Ratio was at its highest in in the September 2016 quarter at 6.24. The Current Ratio was at its lowest in in the March 2021 quarter at 0.36.

Quarterly (TTM)
Annual

Average

0.89

Median

0.90

Minimum

0.40

Maximum

1.53

PDC Energy, Inc. (PDCE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of PDC Energy, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 80.54%

Maximum Annual Current Ratio = 1.53

Minimum Annual Increase = -53.04%

Minimum Annual Current Ratio = 0.40

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.42-16.11%
20210.5026.09%
20200.40-53.04%
20190.8435.24%
20180.62-35.22%
20170.96-34.99%
20161.4834.10%
20151.100.39%
20141.10-28.10%
20131.5380.54%

PDC Energy, Inc. (PDCE) Average Current Ratio

How has PDCE Current Ratio performed in the past?

The current Current Ratio of PDC Energy, Inc. (PDCE) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.44

5-year avg

0.56

10-year avg

0.89

PDC Energy, Inc. (PDCE) Current Ratio vs. Peers

How is PDCE’s Current Ratio compared to its peers?

PDC Energy, Inc.’s Current Ratio is less than Devon Energy Corporation (1.04), less than Coterra Energy Inc. (1.49), less than Diamondback Energy, Inc. (0.92), less than EOG Resources, Inc. (2.32), less than ConocoPhillips (1.35), less than Pioneer Natural Resources Company (0.90), less than Permian Resources Corporation (0.55), less than Magnolia Oil & Gas Corporation (1.71), less than SM Energy Company (1.48), greater than Civitas Resources, Inc. (0.37), less than Range Resources Corporation (1.35), greater than Callon Petroleum Company (0.39), greater than Antero Resources Corporation (0.29), greater than Earthstone Energy, Inc. (0.47), less than Vital Energy, Inc. (1.22), less than Southwestern Energy Company (0.62), less than EQT Corporation (0.88), less than Comstock Resources, Inc. (0.64),

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