Market Overview

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

Related PXD
Benzinga's Top Downgrades
Canaccord Genuity Downgrades Pioneer Natural Resources To Hold
Oil Refiners Tumble, Producers Rally on Export Ruling (Fox Business)

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.

Latest Ratings for PXD

DateFirmActionFromTo
Aug 2014Canaccord GenuityDowngradesBuyHold
Aug 2014BarclaysMaintainsEqual-weight
Aug 2014KLR GroupUpgradesHoldAccumulate

View More Analyst Ratings for PXD
View the Latest Analyst Ratings

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

 

Related Articles (PXD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters