JPMorgan analyst Arun Jayaram raised the firm’s price target on PDC Energy to $80 from $76 and keeps an Overweight rating on the shares. The analyst raised the target after marking to market for recent strip pricing. The firm is modeling a Q1 miss for PDC, with its EBITDA estimate 8% below the Street.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PDCE:
- Energy Stocks Hemorrhage as Banking Falters
- PDC Energy price target lowered to $93 from $95 at TD Cowen
- 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