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PETROL DEV : PDC Energy Announces Investor Conference Call to Discuss Gas Price Realizations

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05/20/2011 | 08:47pm EST

PDC Energy Announces Investor Conference Call to Discuss Gas Price Realizations

DENVER, May 20, 2011 (GLOBE NEWSWIRE) -- PDC Energy (the "Company" or "PDC") (Nasdaq:PETD) today announced the Company will host a conference call on Monday, May 23, 2011 to provide additional detail on previously announced gas price realizations. Conference call materials will be available on the Company's website, www.petd.com, at the time of the call.

Conference Call and Webcast:

Date/Time: Monday, May 23, 2011, 1:00 p.m. ED Webcast available at: www.petd.com

Domestic Dial-In (toll free): 877-312-5520

International Dial-In: 253-237-1142

Conference ID: 69692369

Replay Numbers:

Domestic (toll free): 800-642-1687

International Dial-In: 706-645-9291

Conference ID: 69692369

Upcoming Conference Presentations

PDC is scheduled to present at Hart Energy's Developing Unconventional Oil Conference in Denver, Colorado on May 25,

2011. Please see the Company's website for full details. About PDC Energy

PDC Energy is an independent energy company engaged in the development, production and marketing of natural gas and oil. Its operations are focused in the Rocky Mountains with additional operations in the Appalachian and Permian Basins. PDC

included in the S&P SmallCap 600 Index and the Russell 3000 Index of Companies.

CONTACT: Marti Dowling

Manager Investor Relations

303-831-3926 ir@petd.com

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Financials ($)
Sales 2016 506 M
EBIT 2016 -55,4 M
Net income 2016 -171 M
Debt 2016 772 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 9,41x
EV / Sales 2017 5,35x
Capitalization 3 988 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 86,0 $
Spread / Average Target 21%
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NameTitle
Barton R. Brookman President, CEO & Class III Director
Jeffrey C. Swoveland Non-Executive Chairman
Scott J. Reasoner Senior Vice President-Operations
David W. Honeyfield Chief Financial Officer & Senior Vice President
James F. Gaulke Vice President-Information Technology
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