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Fly News Breaks for February 14, 2019
PXD
Feb 14, 2019 | 07:59 EDT
Stephens analyst Drew Lipke noted that Pioneer Natural reported worse than expected Q4 results, but he believes this is overshadowed by its 2019 outlook for lower than expected capital expenditures and good Permian production growth. The analyst, who views the dropping of absolute production goals as a positive, keeps an Overweight rating and $211 price target on Pioneer Natural shares as he reviews his estimates.
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