Truist Securities Maintains Hold Rating for Pioneer Natural Resources: Here's What You Need To Know

Truist Securities has decided to maintain its Hold rating of Pioneer Natural Resources PXD and lower its price target from $220.00 to $196.00.

Shares of Pioneer Natural Resources are trading up 1.48% over the last 24 hours, at $219.05 per share.

A move to $196.00 would account for a 10.52% decline 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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This article was generated by Benzinga's automated content engine and reviewed by an editor.