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Independent Oil Gas

PDC Energy, Inc. (PDCE) is a domestic independent exploration and production company that produces, explores for, and develops crude oil, natural gas, and NGLs, with operations primarily in the Wattenberg Field in Colorado and the Delaware Basin in West Texas.

As of its most recent earnings report in Q3 2021, PDC Energy reported net income of $213.9 million, or $1.37 per share, compared to a net loss of $19.4 million, or $0.15 per share, in the prior year quarter. The company's revenue for Q3 2021 was $735.8 million, an increase of 121% compared to $333.1 million in Q3 2020.

The company has been focusing on returning capital to shareholders through a combination of dividends and share buybacks. In Q3 2021, PDC Energy returned $69.7 million to shareholders through a combination of dividends and share repurchases.

In terms of growth, PDC Energy has been able to increase its production and reserves through a combination of organic growth and strategic acquisitions. The company has been able to maintain a strong balance sheet and has a robust inventory of drilling locations that are expected to support its growth in the coming years.

Analysts have been positive on PDC Energy, with a consensus buy rating and an average price target of $71.79 per share, according to data from Yahoo Finance. The company's strong financial performance and growth prospects have made it an attractive investment for many investors. However, it is important to note that investing in stocks always comes with risks and it's important to do your own research or consult with a financial advisor.