Susquehanna raised the firm’s price target on Pioneer Natural to $278 from $246 and keeps a Neutral rating on the shares. The firm updated its estimates for their E&P sector by lowereing natual gas assumptions and maintaining oil prices. For 2024, they expect companies will continue their maintenance capital programs, while focusing on driving improving well productivity. Susquehanna also expects M&A activity to continue as companies look to shore up inventory positions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PXD:
- Pioneer Natural price target raised to $276 from $239 at Wells Fargo
- Pioneer Natural price target raised to $282 from $230 at Scotiabank
- Pioneer Natural price target raised to $278 from $238 at Truist
- OXY vs. PXD: Which Energy Stock Is Better?
- Early notable gainers among liquid option names on April 2nd
