PDC Energy (NASDAQ: PDCE) had its target price raised by Canaccord Genuity from $33.00 to $44.00 in a report released on Thursday. Canaccord Genuity currently has a hold rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of PDC Energy from $55.00 to $60.00 in a research note to investors on Thursday. They now have an outperform rating on the stock. Separately, analysts at C.K. Cooper raised their price target on shares of PDC Energy from $49.00 to $56.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of PDC Energy in a research note to investors on Friday, February 22nd. They set an outperform rating on the stock.

Fourteen research analysts have rated the stock with a buy rating, one has issued an overweight rating, and one has given a hold rating to the company. The stock currently has a consensus rating of buy and an average price target of $41.29.

PDC Energy opened at 47.00 on Thursday. PDC Energy has a 1-year low of $19.33 and a 1-year high of $48.38. The stock’s 50-day moving average is currently $40.84. The company’s market cap is $1.425 billion.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.