Morgan Stanley Thinks Solid Earnings Support Confidence in Pioneer Natural Resources
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.
Latest Ratings for PXD
|Nov 2014||Deutsche Bank||Maintains||Hold|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.