A report from ISI reiterates its 1 rating and $111 price target on Pioneer Natural Resources PXD.
The report states, “PXD reported an adjusted 3Q11 EPS of $1.14, above our $0.91 estimate and First Call consensus estimate of $0.87. Relative to our estimates, PXD beat on higher price realizations, lower exploration expense and lower taxes. We expect the shares to perform well tomorrow”.
PXD closed yesterday at $80.97.
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