Stifel Maintains Buy Rating for Pioneer Natural Resources: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Pioneer Natural Resources PXD and lower its price target from $290.00 to $273.00.

Shares of Pioneer Natural Resources are trading up 1.62% over the last 24 hours, at $212.33 per share.

A move to $273.00 would account for a 28.57% increase from the current share price.

About Pioneer Natural Resources

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.