Dan,
what do you think of the new PT from RJ? I think your valuation is a lot lower. Most of their other PTs seem to be lower than your valuations.
PXD PT of $315 from RJ
Re: PXD PT of $315 from RJ
Not including Raymond James new price target: In the last 3 months, 18 other ranked analysts set 12-month price targets for PXD. They range from $202 to $308 with the average price target among the analysts being $234.72. Keep in mind that most of the reports in the average are based on much lower oil prices.
My valuation of $215/share is based my 2/7/2018 forecast/valuation model. If the company's Q1 results beat my forecast (likely) and oil price hold near current levels, then my valuation will be going quite a bit higher.
RJ is basing their valuation on their new oil price forecast, which I posted here yesterday. I will email you a copy of the report.
My valuation of $215/share is based my 2/7/2018 forecast/valuation model. If the company's Q1 results beat my forecast (likely) and oil price hold near current levels, then my valuation will be going quite a bit higher.
RJ is basing their valuation on their new oil price forecast, which I posted here yesterday. I will email you a copy of the report.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group