Fly News Breaks for May 20, 2019
May 20, 2019 | 06:16 EDT
Wells Fargo analyst Gordon Douthat resumed coverage of PDC Energy with an Outperform rating and $53 price target. The analyst estimates the company will post 10% and 13% production and cash flow per debt adjusted share growth through 2021, while generating $650M in free cash flow over this time period translating, to a 12.3% free cash yield in 2021.
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