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Barclays hiked its price target on PDC Energy (PDCE) stock following its entry into the Delaware basin.
PDC Energy makes a 'game-changing' land acquisition.
The acquisition expands the buyer into West Texas' hot Delaware Basin and is part of its plan to become a top mid-cap explorer and producer.
PDC Energy (PDCE) stock was up as the company will purchase two privately held companies for roughly $1.5 billion.