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Stifel Nicolaus announced PDC Energy (NYSE:PDCE), boosting its stock price target to $82.00 today

Just yesterday PDC Energy (NYSE:PDCE) traded 0.29% higher at $49.71. PDC Energy’s 50-day moving average is $44.45 and its 200-day moving average is $48.39. The last stock price is up 0.69% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 788,212 shares of PDCE traded hands, down from an average trading volume of 1,043,160

In a report released on Friday October 13, 2017 Stifel Nicolaus increased the stock price target of PDC Energy (NYSE:PDCE) from $69.00 to $82.00 reporting a possible upside of 0.65%.

Previously on 10/11/2017, Barclays Capital released a statement about PDC Energy (NYSE:PDCE) increased the target price from $59.00 to $63.00. At the time, this indicated a possible upside of 0.29%.

Recent Performance Chart

PDC Energy (NYSE:PDCE)

PDC Energy has PE ratio of 345.53 with a one year low of $36.74 and a one year high of $84.88 and has a market capitalization of $0.

In addition to Stifel Nicolaus reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target is $71.11 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers 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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