Analyst Actions: Pioneer Natural Resources Initiated With Outperform, $150 TP; Shares Dip 1%


Analysts at Credit Suisse have initiated coverage of Pioneer Natural Resources ( PXD ) with an Outperform rating and a price target of $150 a share.

"PXD's Permian Basin footprint is poised to deliver top quartile cash flow and oil volume growth on a debt adjusted basis," said Credit Suisse. "We see significant optionality to the mix shift towards horizontal drilling."

Shares of PXD are down 0.88% in afternoon trading to $127.37, which is in the high end of the stock's 52-week range of $77.41 - $130.80.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: PXD

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