▲ +26.89% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for PDC Energy in the last 3 months. The average price target is $22.92, with a high forecast of $36.00 and a low forecast of $15.00. The average price target represents a 26.89% upside from the last price of $18.06.
The current consensus among 15 contributing investment analysts is to buy stock in PDC Energy. This Buy consensus rating has held steady for over two years.
PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company's operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas. As of December 31, 2019, it owned interests in approximately 2,649 productive gross wells. The company was formerly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012. PDC Energy, Inc. was founded in 1969 and is headquartered in Denver, Colorado.