Roth MKM analyst Leo Mariani raised the firm’s price target on Pioneer Natural to $245 from $236 and keeps a Buy rating on the shares following quarterly results. The firm notes that the pure-play Permian E&P has the lowest cost and longest inventory life in the Permian Basin, a very high cash dividend, solid growth rates, and a pristine balance sheet.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PXD: