Stifel analyst Derrick Whitfield raised the firm’s price target on Pioneer Natural to $281 from $275 and keeps a Buy rating on the shares. The firm updated its model for quarterly results and updated guidance, the analyst tells investors. At assumed activity levels, Stifel projects a deteriorating forward Net Debt / EBITDAX profile and expects the company to generate positive free cash flows in 2023-2025.
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 the top stocks recommended by analysts >>
Read More on PXD:
- Pioneer Natural price target raised to $245 from $229 at Jefferies
- Pioneer Natural files automatic mixed securities shelf
- Pioneer Natural price target raised to $225 from $196 at Truist
- Pioneer Natural price target raised to $245 from $236 at Roth MKM
- Pioneer Natural sees Q3 oil production 367-377 MBOPD