PDC Energy price target raised to $82-$89 from $72-$80 at Wells Fargo Wells Fargo increased its price target on PDC Energy after meeting with the company's management, and following the company's 2013 reserve update. The firm thinks the company has some of the best and most consistent Wattenberg acreage, and keeps an Outperform rating on the shares.
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.