Howard Weil Starts PDC Energy (PDCE) at Market Perform

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Global Hunter Securities Downgrades PDC Energy (PDCE) to Accumulate

December 12, 2012 8:53 AM EST

Global Hunter Securities downgraded PDC Energy (NASDAQ: PDCE) from Buy to Accumulate with a price target of $37.00 (from $35.00), noting DJ capacity drags on production.

The firm comments, "With a third rig coming online in the HZ Wattenberg a little later than we... More