PDC Energy downgraded to Market Perform from Outperform at BMO Capital BMO Capital downgraded PDC Energy to Market Perform after the company did not raise its 2014 production guidance. BMO lowered its price target for shares to $63 from $70.
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.