Pioneer Natural Resources (PXD) Update - Feb 6

[dan_s]

Late yesterday I updated my forecast/valuation model for PXD and it has been posted to the EPG website.

PXD is the 2nd largest company in the Sweet 16; about half the size of EOG.
2019 results should be:
> $4.40 to $4.60 earnings per share
> $20.00 to $20.50 operating cash flow per share
> PXD will report free cash flow from operations of $250 to $300 million in 2019.

My 2020 forecast (lower than the current First Call forecast);
> $8.63 EPS (FC forecast is $9.38 EPS)
> $23.32 operating CFPS
> 10% YOY production growth

PXD is trading today for about $142/share. The three most recent Wall Street analysts' reports (dated January 22 to 28) show price targets of $165 to $200.