Market Overview

J.P. Morgan Reiterates on Pioneer Natural Resources Following 3Q13 Earnings Report, Operations Update

Related PXD
Pioneer Natural Divests Alaska Unit - Analyst Blog
Market Wrap For April 1: S&P 500 Hitting New All-Time High Not An April Fools' Joke

In a report published Tuesday, J.P. Morgan analyst Joseph Allman reiterated an Overweight rating on Pioneer Natural Resources (NYSE: PXD).

In the report, J.P. Morgan noted, “After market close on Monday, Pioneer reported 3Q13 earnings and provided an operations update. Preliminary recurring EPS/CFPS were $1.27/$4.47 versus consensus of $1.36/$4.14 and our estimates of $1.40/$3.88. The beat was mostly due to lower cash taxes. Production missed guidance due to delayed Eagle Ford production from increased pad drilling.”

Pioneer Natural Resources closed on Monday at $213.41.

Posted-In: J.P. Morgan Joseph AllmanAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (PXD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free