FBR Capital Reiterates an 'Outperform/Top Pick' on Pioneer Natural Resources (PXD); Well Positioned for 2H11
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Price: $269.62 --0%
Rating Summary:
28 Buy, 20 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
28 Buy, 20 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates an 'Outperform/Top Pick' on Pioneer Natural Resources (NYSE: PXD), PT $115.
FBR analyst says, "We remain optimistic with regard to the company’s ability to deliver above average, high margin production growth. We believe that production growth from the vertical Spraberry program will be much stronger than current guidance. Meanwhile, 2H11 Eagle Ford growth remains on track while effectively managing cost pressures. We also believe that 2012–2013 Eagle Ford guidance is conservative." (FBR increased FY11 EPS estimate from $3.15 to $4.05 and FY12 from $5.30 to $6.31)
For more ratings news on Pioneer Natural Resources click here and for the rating history of Pioneer Natural Resources click here.
Shares of Pioneer Natural Resources closed at $96.22 yesterday.
FBR analyst says, "We remain optimistic with regard to the company’s ability to deliver above average, high margin production growth. We believe that production growth from the vertical Spraberry program will be much stronger than current guidance. Meanwhile, 2H11 Eagle Ford growth remains on track while effectively managing cost pressures. We also believe that 2012–2013 Eagle Ford guidance is conservative." (FBR increased FY11 EPS estimate from $3.15 to $4.05 and FY12 from $5.30 to $6.31)
For more ratings news on Pioneer Natural Resources click here and for the rating history of Pioneer Natural Resources click here.
Shares of Pioneer Natural Resources closed at $96.22 yesterday.
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