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Fly News Breaks for February 22, 2017
PES
Feb 22, 2017 | 08:11 EDT
DA Davidson analyst Sonny Randhawa blames Pioneer's Q4 miss on pipe recovery efforts and higher ramp-up costs to support activity increases. The analyst says that the 8% decline in the stock in the wake of the results was overdone. Randhawa expects rig pricing to rise in 2H17, and the analyst keeps a Buy rating on the shares.
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