KeyBanc analyst Tim Rezvan lowered the firm’s price target on Pioneer Natural to $260 from $290 and keeps an Overweight rating on the shares. The analyst cites Q4 bid-week pricing set for Henry Hub gas at $6.26/mcf — below his $7.50/mcf forecast, and quarter-to-date oil prices running softer than expected due to concerns over China lockdowns, physical inventory builds, and a potential recession.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PXD:
- Pioneer Natural price target lowered to $277 from $300 at Barclays
- Top-Rated Analyst Vincent Lovaglio Recommends Buying These 2 Stocks
- Do You Seek High Yield? Catch These Stocks Before November Ends
- Oil Crisis Could Worsen With XOM and CVX’s Reduced Shale Outputs
- This Politician is Bullish about Energy Stocks
