Market Overview

Morgan Stanley Thinks Solid Earnings Support Confidence in Pioneer Natural Resources

Related PXD
Rigs Counts Keep Falling In America: What It Means
Benzinga's Top Initiations
Chesapeake Energy Haunted By A Bad Deal, Bankruptcy Looms? (Seeking Alpha)

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 2015Societe GeneraleUpgradesSellHold
Nov 2015MacquarieMaintainsNeutral
Oct 2015SusquehannaInitiates Coverage onPositive

View More Analyst Ratings for PXD
View the Latest Analyst Ratings

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


Related Articles (PXD)

Get Benzinga's Newsletters