PDC Energy recommended ahead of Utica results at SunTrust SunTrust recommends buying PDC Energy ahead of Utica test results. The firm expects positive production rates and Noble Energy's (NBL) analyst day on December 6 to boost PDC Energy shares. The firm rates PDC Energy a Buy with a $43 price target, up from $37.
PDC Energy sees FY15 adjusted EPS $1.47-$1.62, consensus $1.30 Sees FY15 adjusted revenue $551M-$590M, consensus $658.03M. Sees FY15 adjusted EBITDA $386M-$413M. Guidance from slides for Q4 earnings conference call.