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Friday, January 27, 2023

JPMorgan Chase & Co have Fixed a Price Target of $26 for PDCE

The target price for the stocks of PDCE has been increased to a sum of $26 by investment analysts working at JPMorgan Chase & Co in a research report. The Fly reports that the brokerage has currently fixed a rating of ‘overweight’ on the stock of this energy producer. The target price fixed by the brokerage firm is indicative of an increase of 36.20% from the previous close of the firm. 

The Stocks Options of PDCE

There have been quite a few firms that have researched the stocks of PDCE. ValuEngine has already increased the rating of the company from ‘sell’ to ‘hold’. KeyCorp has, on the other hand, decreased the objective price on the company from $22 to $21, along with a rating of ‘overweight’ on the firm. Zacks Investment Research, too, has recently updated the rating on the company- from ‘hold’ to ‘strong-buy’, with a price objective set at $14. BidaskClub also increased the rating of the company from ‘sell’ to ‘hold’. Finally, Stifel Nicolaus joined in with a price target set at $20.

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Three of the investment analysts working on the stocks of this firm have given it a rating of ‘hold’, while fourteen of them have given it a rating of ‘buy’. The stocks of PDCE currently have a rating of ‘Buy’ on an average, with a price target set at $22.50. 

The shares of PDCE traded at $0.52 on Wednesday, where it reached $19.09. The moving average for the firm over fifty-day is $15.85, while the same over 200 days is $14.44. The market cap of the firm is $1.90 billion, with a PE ratio of -2.63, and a PEG ratio of 0.38. The current and quick ratio of the company is 0.82.

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