PDC Energy - Barclays likes it
Posted: Thu Jun 29, 2017 9:36 am
Barclays on PDC Energy: PDC Energy is an independent oil and natural gas exploration and production company. It also operates in gas marketing. According to Barclays, the stock has the potential to rise nearly 79% from its closing price of $44.72 on June 23, 2017. It has provided a price target of $80.
Barclays wrote, “PDC Energy’s stock price has underperformed high growth peers by 13% year-to-date while its relative valuation discount is currently 25%, perhaps prompted by concerns around the resilience of its asset base to lower oil prices.”
Barclays wrote, “PDC Energy’s stock price has underperformed high growth peers by 13% year-to-date while its relative valuation discount is currently 25%, perhaps prompted by concerns around the resilience of its asset base to lower oil prices.”