Market Overview

Morgan Stanley Thinks Solid Earnings Support Confidence in Pioneer Natural Resources

Related PXD
UPDATE: Bank Of America Reiterates On Pioneer Natural Resources On Transition From NAV To Growth
Noble Energy Beats on Q2 Earnings, Projects Modest Volumes
Oil Refiners Tumble, Producers Rally on Export Ruling (Fox Business)

In a report published Tuesday, Morgan Stanley analyst Evan Calio reiterated an Equal-Weight rating and $220.00 price target on Pioneer Natural Resources (NYSE: PXD).

In the report, Morgan Stanley noted, “PXD 4Q13 earnings were in-line. While 1Q14 guidance was ~5% below Street, full year 2014 and long-term guidance was in-line. Total resource is up 2Bnboes, Wolfcamp B EURs are higher and proved reserves lower, for likely net NAV increase.”

Pioneer Natural Resources closed on Monday at $186.93.

Posted-In: Evan Calio Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (PXD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters