PDCE on Sale

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SergioSays
Posts: 99
Joined: Mon Jul 12, 2021 8:59 am

PDCE on Sale

Post by SergioSays »

sold off this morning on move to new mid-cap index. As of now 3.8% below yesterday's close, whereas XOP is +2.2%.
dan_s
Posts: 37318
Joined: Fri Apr 23, 2010 8:22 am

Re: PDCE on Sale

Post by dan_s »

Not sure why that would cause a selloff.

TipRanks: "In the last 3 months, 5 ranked analysts set 12-month price targets for PDCE. The average price target among the analysts is $72.20."

My valuation of PDCE is $93 and that is before updating the oil prices used in the forecast model.
Dan Steffens
Energy Prospectus Group
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