SunTrust Robinson Thinks Pioneer Natural’s Stock is Going to Recover


SunTrust Robinson analyst Neal Dingmann reiterated a Buy rating on Pioneer Natural (PXD) on November 27 and set a price target of $215. The company’s shares opened today at $148.32, close to its 52-week low of $140.54.

According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.

Currently, the analyst consensus on Pioneer Natural is a Strong Buy with an average price target of $233.08, representing a 57.1% upside. In a report issued on November 13, Scotiabank also reiterated a Buy rating on the stock with a $263 price target.

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The company has a one-year high of $213.40 and a one-year low of $140.54. Currently, Pioneer Natural has an average volume of 1.56M.

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Pioneer Natural Resources Co. engages in the provision of oil and gas exploration. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded in August 1997 and is headquartered in Irving, TX.

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