PDC Energy (PDCE) Update - March 28

[dan_s]

Note from Zacks Equity Research on 3/28:

"PDC Energy is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. At present, the stock has a Zacks Rank #1 and a VGM Score of A. The Zacks Consensus Estimate of $13.32 for PDC Energy's current-year earnings has moved 29.1% north in the past 30 days. PDCE surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 47.3%."

My forecast for PDCE shows 2022 Net Income of $1,481 million ($14.75 per share). My valuation is $108.