Pioneer Natural Resources (PXD) Update - Jan 9

[dan_s]

PXD closed at $131.24 on Friday, January 8.
Since the company announced they are going to merge with Parsley Energy (PE), nine energy sector analysts have updated their models and price targets for PXD.
Their price targets range from $132 to $160.

PXD currently pays a $0.55/quarter dividend, but it will raise the dividend in 2021 under the new "flexible dividend policy" they announced recently. This is important to know because lots of funds can only buy stocks that pay a dividend.

I am increasing my valuation by $21 to $150
, primarily because I am now using higher oil prices in my models for 2021 and I've added 2022 to the valuation calculation.