PDC Energy (PDCE) Gets a Buy Rating from Williams Capital


In a report released today, Gabriele Sorbara from Williams Capital reiterated a Buy rating on PDC Energy (PDCE), with a price target of $61. The company’s shares closed yesterday at $41.69.

According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.4% and a 35.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.

Currently, the analyst consensus on PDC Energy is a Strong Buy with an average price target of $51.71.

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The company has a one-year high of $66.20 and a one-year low of $26.59. Currently, PDC Energy has an average volume of 1.08M.

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PDC Energy, Inc. engages in the exploration and production of oil and natural gas. It acquires, explores, and develops properties for the production of crude oil, natural gas, and natural gas liquids. Its primary operations are located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

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