Despite Several Headwinds, Pioneer Natural Resources Smashes Expectations
Pioneer Natural Resources (NYSE: PXD) defied expectations once again, trouncing analysts' expectations on how much money it can make from shale drilling. This latest beat came despite facing several production-related headwinds during the quarter.
Further, while the company didn't unveil any bombshells like it did last quarter, it did reveal its intention to reaccelerate drilling activities. Because of that, the company remains confident it can hit its ambitious long-term growth targets, even as many rivals are rethinking theirs.
Image source: Getty Images.
Source: Fool.com
Pioneer Natural Resources Stock
€251.70
0.610%
Based on 5 Buy predictions and 4 Sell predictions the sentiment towards Pioneer Natural Resources is rather balanced.
However, we have a potential of -8.22% for Pioneer Natural Resources as the target price of 231 € is below the current price of 251.7 €.
