BofA/Merrill Lynch Raises Price Target on Pioneer Natural Resources (PXD)

BofA/Merrill Lynch Raises Price Target on Pioneer Natural Resources (PXD)


Bank of America/Merrill Lynch reported on Monday that it has boosted its price target on oil and gas company, Pioneer Natural Resources (PXD).

The firm has raised its price target on PXD to $200, suggesting a 27% increase from the stock’s current price of $146.62.

Analysts have improved the company’s price target due to the potential of the resources at the 900,000 acre Permian Midland Basin.

Pioneer Natural Resources shares were mostly flat during premarket trading Monday. The stock is up 38% YTD.

The Bottom Line
Shares of Pioneer Natural Resources (PXD) have a 0.11% yield, based on Friday’s closing price of $146.62.

Pioneer Natural Resources (PXD) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today