TD Cowen analyst Gabe Daoud lowered the firm’s price target on PDC Energy to $93 from $95 and keeps an Outperform rating on the shares. The analyst said our model reflects the pending Great Western Acquisition and an updated commodity price outlook, as we expect significant FCF and ROC in 2022 and beyond underpinned by a strong balance sheet.
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Read More on PDCE:
- PDC Energy price target lowered to $93 from $97 at Mizuho
- PDC Energy reports Q4 adjusted EPS $3.22, consensus $3.08
- PDC Energy, Inc. Announces Full-Year and Fourth Quarter 2022 Financial and Operating Results; Provides 2023 Guidance
- PDC Energy increases quarterly dividend, share repurchase program
- PDC Energy Declares Increased Quarterly Cash Dividend on Common Shares and Announces $750 Million Increase to Share Buyback Authorization
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