UPDATE: Morgan Stanley Resumes Pioneer Natural Resources (PXD) at Equalweight

February 8, 2021 2:49 AM EST
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Price: $152.22 --0%

Rating Summary:
    41 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 40
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(Updated - February 8, 2021 6:11 AM EST)

Morgan Stanley analyst Devin McDermott resumes coverage on Pioneer Natural Resources (NYSE: PXD) with a Equalweight rating and a price target of $120.00.

The analyst comments "PXD's acquisition of PE is accretive to FCF and adds to an already peer-leading runway of high return drilling locations in the Permian. This, coupled with attractive scale, limited exposure to federal regulatory uncertainty, and a strong balance sheet, support PXD's premium valuation. Resume at EW."

For an analyst ratings summary and ratings history on Pioneer Natural Resources click here. For more ratings news on Pioneer Natural Resources click here.

Shares of Pioneer Natural Resources closed at $128.24 yesterday.

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