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What Do Analysts Recommend for PDCE after Its 2Q16 Earnings?

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Consensus rating for PDC Energy

Approximately 71% of analysts rate PDC Energy (PDCE) as a “buy,” and 29% rate it as a “hold.” The average broker target price of $71.96 for PDCE implies a return of around ~22.2% over the next 12 months.

By comparison, upstream peers Anadarko Petroleum (APC) and Cimarex Energy (XEC) have implied returns of ~8.6% and 6.6%, respectively, for the next 12 months.

The high, low, and median analyst target prices for PDCE are $86, $58, and $72, respectively. PDCE is a component of the iShares US Oil & Gas Exploration & Production ETF (IEO), which invests 0.62% of its portfolio in the company.

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