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Is Pioneer Natural Resources on Track for Fiscal 2017?

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Part 6
Is Pioneer Natural Resources on Track for Fiscal 2017? PART 6 OF 9

Wall Street’s Forecast for Pioneer Natural Resources in a Year

Analyst recommendations for Pioneer Natural Resources

As of September 5, around 89.74% of analysts covering Pioneer Natural Resources (PXD) had “strong buy” or “buy” recommendations on the stock. Reuters reported that 26 analysts had recommendations on PXD. Of these, 12 analysts had “strong buy” and 23 analysts had “buy” recommendations while only four analysts had “hold” recommendations. There were no “sell” or “strong sell” recommendations.

Wall Street&#8217;s Forecast for Pioneer Natural Resources in a Year

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PXD’s median target price

The median target price for Pioneer Natural Resources’ stock is $184, which is ~38% higher than its September 5 closing price of $131.13.

Analyst recommendation changes on PXD

In the last three months, the number of analysts with a “strong buy” recommendation on Pioneer Natural Resources stock has fallen from 13 to 12. The number of “buy” recommendations has fallen from 25 to 23, and “hold” recommendations have risen from three to four. The number of “sell” and “strong sell” ratings have remained unchanged.

In the last three months, Pioneer Natural Resources’ median target price has fallen from $198.00 to $184.00.

The most recent target price change on PXD stock came on August 29. Jefferies cut its target price on PXD to $171.00.

Other oil and gas producers

Based on the median price targets from Wall Street analysts, Stone Energy (SGY) and Consol Energy (CNX) have potential upsides of ~8%, and ~39%, respectively, from their September 5 closing prices. Southwestern Energy (SWN) has a potential upside of ~43%. CNX and SWN are mainly natural gas producers, and they operate in Appalachia.

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