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Morgan Stanley Thinks Solid Earnings Support Confidence in Pioneer Natural Resources

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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

DateFirmActionFromTo
Feb 2015JefferiesMaintainsBuy
Feb 2015Wolfe ResearchInitiates Coverage on
Feb 2015SunTrust Robinson HumphreyDowngradesBuyNeutral

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

 

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