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PXD

Pioneer Natural

$136.12

8.57 (6.72%)

16:13
11/04/19
11/04
16:13
11/04/19
16:13

Pioneer Natural sees Q4 production 345-360 Mboepd

Fourth quarter 2019 production is forecasted to average between 345 to 360 MBOEPD and 210 to 220 MBOPD. Production costs are expected to average $8.50 per BOE to $10.50 per BOE. DD&A expense is expected to average $13.00 per BOE to $15.00 per BOE. Total exploration and abandonment expense is forecasted to be $10 million to $20 million. G&A expense is expected to be $65 million to $75 million. Interest expense is expected to be $30 million to $35 million. Other expense is forecasted to be $20 million to $30 million. Accretion of discount on asset retirement obligations is expected to be $2 million to $5 million. The Company's effective income tax rate is expected to range from 21% to 25%. Current income taxes are expected to be less than $5 million.

  • 05

    Nov

PXD Pioneer Natural
$136.12

8.57 (6.72%)

08/08/19
RHCO
08/08/19
NO CHANGE
Target $130
RHCO
Hold
Pioneer Natural price target lowered to $130 from $155 at SunTrust
SunTrust analyst Neal Dingmann lowered his price target on Pioneer Natural to $130 and kept his Hold rating after Q2 results, saying that while the company's operations improved, its free cash flow is "arriving slower than desired". The analyst sees Pioneer Natural's free cash flow yield of just 2% in 2020 and also warns about the company's need to balance the upcoming debt maturities with stock buybacks.
09/30/19
BARD
09/30/19
NO CHANGE
Target $157
BARD
Outperform
Pioneer Natural price target raised to $157 from $142 at Baird
Baird analyst Joseph Allman raised his price target on Pioneer Natural to $157 from $142 as the company outlined goals which if met, would add significant value to the stock. The analyst updated his model for the latest operating and financial data, including market to market commodity prices, and sees its yield as very competitive. Allman reiterated his Outperform rating on Pioneer Natural shares.
10/08/19
SBSH
10/08/19
NO CHANGE
SBSH
Buy
Citi sees potential upside of 65% in Pioneer Natural shares
Citi analyst Scott Gruber says his discounted cash flow model implies upside to $205 for shares of Pioneer Natural Resources, or 65%. The company's renewed focus on cost discipline and returns, coupled with an ability to grow sales more than 10% per annum given the portfolio, supports the "value case" for Pioneer Natural, Gruber tells investors in a research note. He believes a "further cleansing of the bad actors/behavior" from the industry could drive energy investors to quality companies such as Pioneer Natural. The analyst keeps a Buy rating on the shares.
10/10/19
MZHO
10/10/19
UPGRADE
Target $191
MZHO
Buy
Pioneer Natural upgraded to Buy from Neutral at Mizuho
Mizuho analyst Paul Sankey upgraded Pioneer Natural Resources to Buy from Neutral with a $191 price target. Pioneer has one of the most significant and highest quality resource opportunities in U.S. unconventional, Sankey tells investors in a research note. Further, he says the company has shifted its focus towards sustainable free cash flow growth and has made major progress this year on cost cuts.

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