Pioneer Natural (PXD) Stock Receives $347 Price Target

By Amit Chowdhry ● Nov 22, 2022
  • The shares of Pioneer Natural (PXD) recently received a $347 price target. These are the details.

The shares of Pioneer Natural (PXD) recently received a $347 price target.

Price target: $347

Rating: Overweight

Analyst firm: Piper Sandler

Piper Sandler analysts adjusted the rating after updating their exploration and production models and fiscal 2023 outlooks following the thid quarter results. And while the group has stuck with disciplined allocation and continues to prioritize capital return, increased service costs are driving incremental capital expenditures in the fourth quarter and next year.