PDC Energy Trades below Analysts’ Median Target Price
Currently, ~21% of Wall Street analysts rate PDC Energy (PDCE) as a “strong buy,” 47% of analysts rate it as a “buy,” and 32% of analysts rate it as a “hold.” On the bearish side, there are no “sell” or “strong sell” ratings on the stock.
Interested in PDCE? Don't miss the next report.
Receive e-mail alerts for new research on PDCE
The median target price for PDC Energy from the above-mentioned analysts is $85.00, ~10% higher than the stock’s January 6, 2017, closing price of $77.03.
Based on the median price targets of recommendations from Wall Street analysts, other upstream companies Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~21%, ~62%, and ~18%, respectively, from their January 6 closing prices.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies.