Over the past 3 months, 6 analysts have published their opinion on Pioneer Natural Resources (NYSE:PXD) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Morgan Stanley analyst Devin McDermott maintains Pioneer Natural Resources (NYSE:PXD) with a Equal-Weight and raises the price target from $184 to $192.
Pioneer Natural Resources (NYSE:PXD) has outperformed the market over the past 90 days by 16.81%, generating a 15.88% return for its investors over the time period. Now, given this information, it may seem like price appreciation alone is the best way to have made money on this stock, that's not actually the case.
Oil futures (/CL) are up 1% this morning ahead of the crude oil inventories report. While the NY Empire State Manufacturing Index was nearly double forecast. However, the news failed to move markets.
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