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Barclays Capital reported on PDC Energy (NYSE:PDCE), upping its target price to $63.00 today

Just yesterday PDC Energy (NYSE:PDCE) traded -0.05% lower at $48.76. PDC Energy’s 50-day moving average is $43.85 and its 200-day moving average is $48.38. The last stock price is up 0.13% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 226,027 shares of PDCE traded hands, down from an average trading volume of 1,058,960

PDC Energy (NYSE:PDCE) had its target price raised to $63.00 by Barclays Capital in an issued report announced 10/11/2017. The upped price target suggests a possible upside of 0.29% based on the company's previous stock price.

Previously on 10/10/2017, Jefferies & Co released a statement about PDC Energy (NYSE:PDCE) increased the target price from $0.00 to $60.00. At the time, this indicated a possible upside of 0.24%.

Recent Performance Chart

PDC Energy (NYSE:PDCE)

PDC Energy has 52 week low of $36.74 and a 52 week high of $84.88 and has a market cap of $0.

Also covering PDC Energy's target, a total of 28 brokerages have issued a ratings update on PDC Energy. The 12-month price target is $71.11 with zero analysts rating the company a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About PDC Energy (NYSE:PDCE)

PDC Energy, Inc. is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Company's Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. The Company's Gas Marketing segment purchases, aggregates and resells natural gas. The Company's operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays. Its Delaware Basin operations are focused in the Wolfcamp zones and its Ohio operations are focused in the Utica Shale play. As of December 31, 2016, the Company owned an interest in approximately 2,900 productive gross wells.

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