Analyst Ratings For Pioneer Natural Resources
Portfolio Pulse from Benzinga Insights
Analyst ratings for Pioneer Natural Resources (NYSE:PXD) have been predominantly neutral over the past three months, with all 8 analysts maintaining an indifferent stance. The average 12-month price target for PXD has increased to $270.62, reflecting an 8.81% rise from the previous target of $248.71. Analysts from firms like Susquehanna, Scotiabank, RBC Capital, Truist Securities, and Mizuho have adjusted their price targets, indicating a cautiously optimistic outlook on PXD's performance. Despite facing revenue challenges and below-average profitability metrics, PXD's market position remains strong with a significant market capitalization and a sound financial structure.
April 22, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pioneer Natural Resources has seen a neutral consensus from analysts with an updated average price target of $270.62, indicating a cautiously optimistic view on its stock performance.
The unanimous neutral rating from analysts, coupled with an upward revision in the 12-month price target, suggests a cautiously optimistic outlook for PXD. The adjustments in price targets by analysts from reputable firms underscore a belief in PXD's resilience and potential for growth, despite recent revenue challenges and profitability metrics that lag behind industry averages. The increase in the average price target reflects an expectation of stock performance improvement, potentially driven by strategic management actions or favorable market conditions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100