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DENVER, Aug. 08, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (NASDAQ:PDCE) today reported its 2017 second quarter operating and financial results. President and Chief Executive Officer, Bart Brookman commented, “Our quarterly production results demonstrate improved capital efficiencies and completion enhancements in Wattenberg, as well as the momentum we are building in the Delaware Basin.  In Wattenberg, we further reduced drilling times, which will allow us to drop our rig count to three this October and maintain a similar pace of development.  We have great operational flexibility in both basins to increase or decrease our rig counts depending on market conditions.  Lastly, we are excited by the work of our operating teams in not only delivering strong recent well results in the Delaware Basin, but improving our operating cost structure in the quarter. ” The Company turned-in-line six wells in the Delaware Basin in the second quarter of 2017 and had average daily production of 10,047 Boe.  Production from the Kenosha well, a Wolfcamp A well in the Eastern acreage block, is strong with an average 30-day peak production rate of approximately 2,300 Boe per day.  The Kenosha, which was turned-in-line in the first quarter of 2017, is the Company’s first extended-reach lateral well in the basin and has been producing more than 2,000 Boe per day for the past 100 days.  In the Central acreage block, PDC drilled and turned-in-line the Greenwich 4H well testing the Wolfcamp A.  Performance from the 7,500 foot lateral is exceeding type curve expectations and had an average 30-day peak production rate of 1,425 Boe per day with approximately 55 percent oil.  The Company’s two wells in the Western acreage block were turned-in-line in the second quarter, but have taken longer to clean up and generally have underperformed internal expectations.  The Company currently plans to operate three drilling rigs for the remainder of the year, with much of the anticipated activity focused on additional extended-reach lateral wells in the Eastern area.  Concentrating on cost management and operational efficiencies in the current aggressive service cost market remains a key priority. In Wattenberg, PDC spud 44 wells and had 32 turn-in-lines in the second quarter with average daily production of 75,621 Boe.  Throughout the first half of the year, the Company continued to realize increased drilling efficiencies on its standard-, mid- and extended-reach lateral wells resulting in more than 15 percent average improvements in spud-to-spud drill times.  Due to these improvements, the Company has elected to return to a three rig program in the fourth quarter of 2017, helping to manage the overall capital program.  Because of the increased efficiencies and adjusted timing of completions, the Company now expects to spud approximately 155 wells and turn-in-line approximately 133 wells for the full-year in the Wattenberg Field, compared to an estimated 139 spuds and 139 turn-in-lines previously. The following table provides production by area, and weighted-average sales price for the three and six months ended June 30, 2017 and 2016, excluding net settlements on derivatives: The following table provides the components of production costs for the three and six months ended June 30, 2017 and 2016 in terms of total dollars and on a per Boe basis: Net income for the second quarter of 2017 was $41.3 million, or $0.62 per diluted share, compared to net loss of $95.5 million, or $2.04 per diluted share, for the comparable period of 2016.  The year-over-year difference was primarily attributable to a $102.8 million increase in crude oil, natural gas and NGLs sales in 2017, as well as the impact of the change in the fair value of derivatives during the quarters.  Adjusted net income, a non-GAAP measure defined below, was $12.5 million, or $0.19 per diluted share in the second quarter of 2017 compared to adjusted net loss of $5.0 million, or $0.11 per diluted share for the comparable period of 2016. Net cash from operating activities was $123.7 million in the second quarter of 2017, compared to $96.6 million in the second quarter of 2016.  The increase in 2017 cash flows was a result of increases to both production volumes and realized sales prices compared to the prior year.  Adjusted cash flows from operations, a non-GAAP financial measure defined below, were $142.9 million for the second quarter of 2017, compared to $112.6 million in the comparable period of 2016. Crude oil, natural gas and NGLs sales, excluding net settlements on derivatives, increased 93 percent to $213.6 million in the second quarter of 2017, compared to $110.8 million in the second quarter of 2016.  The sales price per Boe, excluding net settlements on derivatives, improved to $26.65 in the second quarter of 2017 compared to $21.33 in the second quarter of 2016.  Including commodity price risk management gain and other income, crude oil, natural gas and NGLs revenues were $275.2 million in the second quarter of 2017 compared to $20.1 million in the second quarter of 2016. Net commodity price risk management activities for the second quarter of 2017 resulted in a gain of $57.9 million compared to a loss of $92.8 million in the comparable period of 2016.  The second quarter 2017 gain was comprised of $45.9 million in net change in fair value of unsettled derivatives and $12.0 million of net settlement gains.  Net settlements in the second quarter of 2016 were $53.3 million with a decrease in fair value of unsettled derivatives of $146.1 million. Production costs, which include LOE, production taxes, and transportation, gathering and processing expenses (“TGP”), for the second quarter of 2017 were $41.5 million, or $5.19 per Boe.  In the second quarter of 2016, production costs were $24.2 million, or $4.65 per Boe.  LOE in the second quarter of 2017 decreased five percent to $2.50 per Boe compared to $2.63 per Boe in the similar 2016 period primarily due to increased production volumes offsetting higher LOE costs associated with operations in the Delaware Basin. Depreciation, depletion and amortization expense ("DD&A") related to crude oil and natural gas properties was $124.4 million, or $15.51 per Boe in the second quarter of 2017, compared to $106.1 million, or $20.41 per Boe in the second quarter of 2016.  The decrease in weighted-average DD&A rate between periods was due to the increases in proven reserves attributable to our operations outpacing production growth, even with a robust capital program. The Company’s capital investment in the development of oil and natural gas properties and other capital expenditures, before the change in accounts payable, was $218.3 million during the second quarter of 2017 compared to $107.5 million for the same 2016 period.  The increase in capital investment was primarily attributable to investments made in Delaware Basin drilling, completions and midstream infrastructure in the second quarter of 2017. Senior Vice President and Chief Financial Officer, David Honeyfield, commented, “As we manage the capital investment program, we are also adjusting the timing of completions, resulting in full-year estimated production towards the bottom of our 32 to 33 MMBoe range.  This production outlook takes into account our updated turn-in-line schedule, anticipated midstream constraints in Wattenberg, and our updated production forecast from our Delaware assets.  In terms of capital investment, we are committed to prioritizing the strength of our balance sheet while delivering highly economic rates-of-return on our capital program.  After adjusting for the timing of drilling and certain completions and increased well costs in the Delaware, we expect full-year capital to be approximately $800 million.  This should set us up to exit 2017 with more than $100 million of cash on the balance sheet together with the undrawn $700 million commitment level on our current bank revolving credit facility." The following table provides additional 2017 financial guidance: PDC uses "adjusted cash flows from operations," "adjusted net income (loss)" and "adjusted EBITDAX," non-U.S. GAAP financial measures, for internal management reporting, when evaluating period-to-period changes and when providing public guidance on possible future results.  Beginning in 2017, the Company has included non-cash stock-based compensation and exploration, geologic and geophysical expenses to its adjusted EBITDAX calculation.  All prior periods have been reconciled to match accordingly.  PDC believes that each of these measures is useful in providing transparency with respect to certain aspects of its operations.  Each of these measures is calculated by adjusting for the items set forth in the relevant table below from the most closely comparable U.S. GAAP measure. See Management's Discussion and Analysis of Financial Condition and Results of Operation - Reconciliation of Non-U.S. GAAP Financial Measures in PDC's Annual Report on Form 10-K for the year ended December 31, 2016, and other subsequent filings with the SEC, for additional disclosure concerning these non-U.S. GAAP measures.  These are not measures of financial performance under U.S. GAAP and should be considered in addition to, not as a substitute for, net income, cash flows from operations, investing or financing activities or other U.S. GAAP financial measures, and should not be viewed as liquidity measures or indicators of cash flows reported in accordance with U.S. GAAP.  The non-U.S. GAAP financial measures that PDC uses may not be comparable to similarly titled measures reported by other companies.  Also, in the future, PDC may disclose different non-U.S. GAAP financial measures in order to help its investors more meaningfully evaluate and compare its future results of operations to its previously reported results of operations.  PDC strongly encourages users of financial information to review the Company's financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. The following tables provide reconciliations of adjusted cash flows from operations, adjusted net income (loss) and adjusted EBITDAX to their most comparable U.S. GAAP measures (in millions, except per share data).  Adjusted net income and adjusted EBITDAX in the three and six months ended June 30, 2017, includes the $40.2 million of proceeds from the sale of the Company’s MK Promissory Note: (1) Other includes the impact of provisions for the uncollectible notes receivable in the three and six months ended June 30, 2017, and the six months ended June 30, 2016.  The Company invites you to join Bart Brookman, President and Chief Executive Officer; David Honeyfield, Senior Vice President Chief Financial Officer; Lance Lauck, Executive Vice President Corporate Development and Strategy; and Scott Reasoner, Chief Operating Officer, for a conference call on Tuesday, August 8, 2017 to discuss its 2017 second quarter results.  The related slide presentation will be available on PDC’s website at www.pdce.com. The replay of the call will be available for six months on PDC's website at www.pdce.com. PDC is scheduled to present at the following conferences: Enercom's The Oil and Gas Conference in Denver on Monday, August 14, 2017; Barclay’s CEO Energy-Power Conference in New York on Wednesday, September 6, 2017; The Johnson Rice Energy Conference in New Orleans on Tuesday, September 26, 2017 and IPAA OGIS-Chicago on Tuesday, October 3, 2017.  Webcast information will be posted to the Company’s website, www.pdce.com, prior to the start of each conference, along with any presentation materials. PDC Energy, Inc. is a domestic independent exploration and production company that produces, develops, and explores for crude oil, natural gas, and NGLs, with primary operations in the Wattenberg Field in Colorado and the Delaware Basin in Reeves and Culberson Counties, Texas. The Company also has operations in the Utica Shale in Southeastern Ohio, which it plans to divest. PDC’s operations are focused in the horizontal Niobrara and Codell plays in the Wattenberg Field and in the Wolfcamp zones in the Delaware Basin. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities Act"), Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"), and the United States ("U.S.") Private Securities Litigation Reform Act of 1995 regarding our business, financial condition, results of operations, and prospects. All statements other than statements of historical fact included in and incorporated by reference into this report are "forward-looking statements".  Words such as expects, anticipates, intends, plans, believes, seeks, estimates, outlook, targets, and similar expressions or variations of such words are intended to identify forward-looking statements herein.  Forward-looking statements may include, among other things, statements regarding future: reserves, production, costs, cash flows, and earnings; drilling locations and growth opportunities; capital investments and projects, including expected lateral lengths of wells, drill times and number of rigs employed; rates of return; operational enhancements and efficiencies; management of lease expiration issues; financial ratios; and midstream capacity and related curtailments. The above statements are not the exclusive means of identifying forward-looking statements herein.  Although forward-looking statements contained in this press release reflect the Company’s good faith judgment, such statements can only be based on facts and factors currently known to it.  Forward-looking statements are always subject to risks and uncertainties, and become subject to greater levels of risk and uncertainty as they address matters further into the future.  Throughout this press release or accompanying materials, the Company may use the terms “projection” or similar terms or expressions, or indicate that it has “modeled” certain future scenarios.  PDC typically uses these terms to indicate its current thoughts on possible outcomes relating to its business or the industry in periods beyond the current fiscal year.  Because such statements relate to events or conditions further in the future, they are subject to increased levels of uncertainty.  Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: Further, PDC urges you to carefully review and consider the cautionary statements and disclosures, specifically those under the heading "Risk Factors," made in its Quarterly Report on Form 10-Q, its Annual Report on Form 10-K for the year ended December 31, 2016 (the "2016 Form 10-K"), filed with the U.S. Securities and Exchange Commission ("SEC") on February 28, 2017, and other filings with the SEC for further information on risks and uncertainties that could affect the Company’s business, financial condition, results of operations, and prospects, which are incorporated by this reference as though fully set forth herein. PDC cautions you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. The Company undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this report or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.


News Article | June 2, 2017
Site: globenewswire.com

DENVER, June 02, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to present at the following investor conferences:   The Company also plans to attend the RBC Capital Markets Global Energy and Power Executive Conference in New York on June 6, 2017; the Citi Small and Mid-Cap Conference in New York on June 8, 2017; the Barclays High Yield Bond and Syndicated Loan Conference in Colorado Springs on June 8, 2017; and the Wells Fargo West Coast Energy Conference in San Francisco on June 20-21, 2017. Related materials, which may include webcast links and/or presentations, will be available on the Company’s website, www.pdce.com. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play.


News Article | July 10, 2017
Site: globenewswire.com

DENVER, July 10, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host a conference call to discuss 2017 second quarter results. : Date/Time: Tuesday, August 8, 2017 at 11:00 a.m. ET Webcast available at: www.pdce.com Domestic (toll free): 877-312-5520 International: 253-237-1142 Conference ID: 53186183 A replay of the call will be available for six months on PDC’s website at www.pdce.com. The Company plans to issue its 2017 second quarter news release before market open on Tuesday, August 8, 2017.  Conference call materials will be available on the Company’s website, www.pdce.com, at the time of the call. PDC Energy, Inc. is a domestic independent exploration and production company that produces, develops, and explores for crude oil, natural gas, and NGLs, with primary operations in the Wattenberg Field in Colorado and, beginning in December 2016, the Delaware Basin in Reeves and Culberson Counties, Texas. The Company also has operations in the Utica Shale in Southeastern Ohio. PDC’s operations are focused on the horizontal Niobrara and Codell plays in the Wattenberg Field and in the Wolfcamp zones of the Delaware Basin.


News Article | June 2, 2017
Site: globenewswire.com

DENVER, June 02, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to present at the following investor conferences:   The Company also plans to attend the RBC Capital Markets Global Energy and Power Executive Conference in New York on June 6, 2017; the Citi Small and Mid-Cap Conference in New York on June 8, 2017; the Barclays High Yield Bond and Syndicated Loan Conference in Colorado Springs on June 8, 2017; and the Wells Fargo West Coast Energy Conference in San Francisco on June 20-21, 2017. Related materials, which may include webcast links and/or presentations, will be available on the Company’s website, www.pdce.com. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play.


News Article | June 2, 2017
Site: globenewswire.com

DENVER, June 02, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to present at the following investor conferences:   The Company also plans to attend the RBC Capital Markets Global Energy and Power Executive Conference in New York on June 6, 2017; the Citi Small and Mid-Cap Conference in New York on June 8, 2017; the Barclays High Yield Bond and Syndicated Loan Conference in Colorado Springs on June 8, 2017; and the Wells Fargo West Coast Energy Conference in San Francisco on June 20-21, 2017. Related materials, which may include webcast links and/or presentations, will be available on the Company’s website, www.pdce.com. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play.


News Article | June 2, 2017
Site: globenewswire.com

DENVER, June 02, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to present at the following investor conferences:   The Company also plans to attend the RBC Capital Markets Global Energy and Power Executive Conference in New York on June 6, 2017; the Citi Small and Mid-Cap Conference in New York on June 8, 2017; the Barclays High Yield Bond and Syndicated Loan Conference in Colorado Springs on June 8, 2017; and the Wells Fargo West Coast Energy Conference in San Francisco on June 20-21, 2017. Related materials, which may include webcast links and/or presentations, will be available on the Company’s website, www.pdce.com. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play.


News Article | June 2, 2017
Site: globenewswire.com

DENVER, June 02, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to present at the following investor conferences:   The Company also plans to attend the RBC Capital Markets Global Energy and Power Executive Conference in New York on June 6, 2017; the Citi Small and Mid-Cap Conference in New York on June 8, 2017; the Barclays High Yield Bond and Syndicated Loan Conference in Colorado Springs on June 8, 2017; and the Wells Fargo West Coast Energy Conference in San Francisco on June 20-21, 2017. Related materials, which may include webcast links and/or presentations, will be available on the Company’s website, www.pdce.com. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play.


News Article | June 26, 2017
Site: globenewswire.com

DENVER, June 26, 2017 (GLOBE NEWSWIRE) -- Today, the U.S. Environmental Protection Agency (EPA), the Department of Justice (DOJ) and the State of Colorado filed a civil Complaint for alleged violations of the Clean Air Act and related state regulations against PDC Energy, Inc. (PDC or the Company) (Nasdaq:PDCE).   President and Chief Executive Officer, Bart Brookman, commented, “We’re obviously very disappointed with today’s filing as we have been in continuous discussions with the EPA, DOJ and State of Colorado for over a year.  Since the Company’s original disclosure of this matter in November 2015, we have worked diligently to design, maintain and operate our production facilities in compliance with the guidelines of not only the Clean Air Act, but all relevant regulations. "Though it is too early to know the ultimate outcome of this Complaint, we are confident in our ability to work together with all regulatory agencies in coming to an agreeable solution without extended litigation.  We will continue to operate responsibly, and our priorities remain the safety of our employees, the environment and the communities in which we live and operate.” PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 ("Securities Act"), Section 21E of the Securities Exchange Act of 1934 ("Exchange Act"), and the United States ("U.S.") Private Securities Litigation Reform Act of 1995 regarding our business, financial condition, results of operations, and prospects. All statements other than statements of historical fact included in and incorporated by reference into this release are "forward-looking statements".  Words such as expects, anticipates, intends, plans, believes, seeks, estimates, and similar expressions or variations of such words are intended to identify forward-looking statements herein.  Forward-looking statements may include, among other things, statements regarding future: reserves, production, costs, cash flows, and earnings; drilling locations and growth opportunities; capital investments and projects, including expected lateral lengths of wells, drill times and number of rigs employed; rates of return; operational enhancements and efficiencies; management of lease expiration issues; financial ratios; and midstream capacity and related curtailments.             The above statements are not the exclusive means of identifying forward-looking statements herein.  Although forward-looking statements contained in this press release reflect our good faith judgment, such statements can only be based on facts and factors currently known to us.  Forward-looking statements are always subject to risks and uncertainties, and become subject to greater levels of risk and uncertainty as they address matters further into the future.  Throughout this press release or accompanying materials, we may use the terms “projection” or similar terms or expressions, or indicate that we have “modeled” certain future scenarios.  We typically use these terms to indicate our current thoughts on possible outcomes relating to our business or the industry in periods beyond the current fiscal year.  Because such statements relate to events or conditions further in the future, they are subject to increased levels of uncertainty.  Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: Further, PDC urges you to carefully review and consider the cautionary statements and disclosures, specifically those under the heading "Risk Factors," made in our Quarterly Report on Form 10-Q, our Annual Report on Form 10-K for the year ended December 31, 2016 (the "2016 Form 10-K"), filed with the U.S. Securities and Exchange Commission ("SEC") on February 28, 2017, and other filings with the SEC for further information on risks and uncertainties that could affect the Company’s business, financial condition, results of operations, and prospects, which are incorporated by this reference as though fully set forth herein. PDC cautions you not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this report or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.


On Thursday, shares in State College, Pennsylvania headquartered Eclipse Resources Corp. recorded a trading volume of 2.18 million shares, which was above their three months average volume of 822,940 shares. The stock ended the day 1.84% higher at $2.21. The Company's shares trading below its 50-day and 200-day moving averages by 2.60% and 20.75%, respectively. Furthermore, shares of Eclipse Resources, which acquires and develops oil and natural gas properties in the Appalachian Basin, have a Relative Strength Index (RSI) of 54.16. Visit us today and download your complete report on ECR for free at: Denver, Colorado headquartered PDC Energy Inc.'s stock finished Thursday's session 1.82% lower at $54.01, with a total volume of 1.07 million shares traded. The Company's shares are trading below its 50-day and 200-day moving averages by 11.64% and 18.61%, respectively. Shares of PDC Energy, which acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the US, have an RSI of 35.74. On May 10th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $82 a share to $78 a share. The complimentary research report on PDCE can be accessed at: Resolute Energy Corp.'s stock fell 2.58%, to close the day at $41.24. The stock recorded a trading volume of 504,530 shares. Resolute Energy's shares have rallied 1274.67% in the past one year. The Company's shares are trading 2.05% and 24.95% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which engages in the acquisition, exploitation, exploration for, and development of oil and gas properties in the US, have an RSI of 55.31. Register for free on Stock-Callers.com and download the PDF research report on REN at: On Thursday, shares in Frisco, Texas headquartered Comstock Resources Inc. ended the session 1.54% higher at $8.57, with a total volume of 217,543 shares traded. Comstock Resources' shares have rallied 141.41% in the past one year. The stock is trading 2.96% below its 50-day moving average and 1.37% below its 200-day moving average. Moreover, shares of the Company, which acquires, develops, explores, and produces oil and natural gas properties in the US, have an RSI of 49.03. Get free access to your research report on CRK at: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. 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News Article | February 14, 2017
Site: globenewswire.com

DENVER, Feb. 14, 2017 (GLOBE NEWSWIRE) -- PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced plans to host an Analyst Day for equity analysts and institutional investors on Thursday, April 20, 2017.   A live webcast of the event and related slides will be available at the start of the program by logging onto the Company’s website www.pdce.com. A replay of the call will be available for six months on PDC’s website. For further information contact Kyle Sourk, Manager Investor Relations, at 303-318-6150 or via e-mail at kyle.sourk@pdce.com. PDC Energy, Inc. is a domestic independent exploration and production company that acquires, produces, develops, and explores for crude oil, natural gas and NGLs with operations in the Wattenberg Field in Colorado, in the Delaware Basin in West Texas and in the Utica Shale in southeastern Ohio. Its operations are focused on the liquid-rich horizontal Niobrara and Codell plays in the Wattenberg Field, the liquid-rich Wolfcamp zones in the Delaware Basin, and the condensate and wet gas portion of the Utica Shale play.

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