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PDC Energy (NASDAQ:PDCE) target price raised to $82.00, reported today by Stifel

PDC Energy (NASDAQ:PDCE) had its target price raised to $82.00 by Stifel in a report released 10/13/2017. The new target price indicates a possible upside of 0.68% based on the company's last stock close price.

Previously on 10/11/2017, Barclays reported about PDC Energy (NASDAQ:PDCE) raised the target price from $59.00 to $63.00. At the time, this indicated a possible upside of 0.30%.

Yesterday PDC Energy (NASDAQ:PDCE) traded 0.29% higher at $48.72. The company’s 50-day moving average is $44.45 and its 200-day moving average is $48.39. The last stock close price is up 0.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 788,212 shares of the stock were exchanged, down from an average trading volume of 1,043,160

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PDC Energy has a 52 week low of $36.74 and a 52 week high of $84.88 with a P/E ratio of 345.53 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $71.11 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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. 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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