Wall Street analysts’ ratings for Pioneer Natural Resources
Currently, ~86% of Wall Street analysts rate Pioneer Natural Resources (PXD) as a “buy,” and ~9% of analysts rate it as a “hold.” Around 5% rate the stock as a “sell.” The median price target from these recommendations is $213.02, ~23% higher than its November 3, 2016, closing price of $173.17.
Let’s take a look at Wall Street analysts’ forecast for Pioneer Natural Resources following its 3Q16 earnings release.
Other oil and gas producers
Based on the median price targets of recommendations from Wall Street analysts, upstream companies Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~33%, ~46%, and ~27%, respectively, from their November 3 closing prices.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Vanguard Energy ETF (VDE) invests in the broader energy market.