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PDC Energy (NASDAQ:PDCE) target price raised to $69.00, reported today by Mizuho Securities

Yesterday PDC Energy (NASDAQ:PDCE) traded 1.54% higher at $67.09. The company’s 50-day moving average is $65.44 and its 200-day moving average is $59.91. The last stock close price is up 11.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,071,064 shares of the stock traded hands, down from an average trading volume of 1,345,520

PDC Energy (NASDAQ:PDCE) had its target price raised to $69.00 by Mizuho Securities in a report released 10/6/2016. The new target price indicates a possible upside of 0.03% based on the company's last stock close price.

Recent Performance Chart

PDC Energy (NASDAQ:PDCE)

PDC Energy has 52 week low of $42.68 and a 52 week high of $71.00 and has a total market value of $0.

A total of 28 analysts have released a research note on PDCE. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $71.11.

More About PDC Energy (NASDAQ: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 produced by it and others. The Company's operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and its Ohio operations are focused in the Utica Shale play. The Company owns an interest in approximately 3,000 gross producing wells, of which approximately 650 are horizontal. The Company has approximately 270 million barrels of oil equivalent (MMBoe) of proved reserves.

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