I have updated my forecast/valuation model for PXD and it will be posted to the EPG website later today. My valuation increases by $2 to $123. My lower oil prices assumption ($40 WTI) for Q4 was more than offset by my higher natural gas and NGL price assumptions for Q4 and all of 2021.
TipRank 10/18/2020: "In the last 3 months, 14 ranked analysts set 12-month price targets for PXD. The average price target among the analysts is $121.38."
Updates in October by:
> 10/14/2020 by Gabriele Sorbara at Siebert Williams Shank & Co who rates it a BUY with a price target of $135.00
> 10/12/2020 by Scott Hanold at RBC Capital who rates it a BUY with a price target of $115.00
> 10/7/2020 by Neal Dingmann at Truist Financial who rates it a HOLD with a price target of $95.00
PXD closed at $90.26 on 10/16/2020
52-week trading range is $48.62 - $159.01
Pioneer Natural Resources (PXD) Update - Oct 18
Pioneer Natural Resources (PXD) Update - Oct 18
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group