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Wall Street Analysts’ Forecasts after PXD’s 3Q16 Earnings

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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.

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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.

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