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Pioneer Natural Resources (PXD) Pops on Buy Rating, Bullish Shale Outlook

By  +Follow October 16, 2013 7:35AM
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Pioneer Natural Resources ($PXD), the $27.5 billion independent oil & gas producer based in Irving, Texas, saw shares trading much higher in Wednesday's action.

Shares for Prioneer spiked over 7 percent in midday trading to $213.75, after the company received a “buy” rating from analysts at Raymond James. It is not hard to see why, either, as the company has presence in some of the US’s most promising shale plays, the Spraberry/Wolfcamp shale located near Midland, Texas.

Pioneer estimates that the Spraberry field contains some 50 billion barrels of oil equivalent, which would make it the largest known shale reserve not only in the US, but also one of the largest in the world. If the 50 billion barrel estimates proves out, Spraberry would be nearly twice as large as the much vaunted Eagle Ford shale, whose reserves are estimated at just over 26 billion barrels.

Much of this has to do with the fact that the Spraberry/Wolfcamp concern has what is called in industry parlance “stacked pay potential,” which simply means that the oil and gas hidden underneath the earth is stacked in various layers of shale. This makes for very nice drilling conditions, as one vertical well can be applied to several formations at once.

While it is common practice for oil companies to exaggerate numbers such as the amount of potential reserves they believe they will unlock from a particular play, other independents who are working in the region have also been giving similar estimates of late, making it more likely that Spraberry could likely become one of the most coveted plays, surpassing not only the Eagle Ford shale, but also others such as the Bakken and Marcellus shales.

Independent drillers and producers have so far been the The spike for Pioneer brought shares of other independents along with it. Diamondback Energy (FANG) was up 6.75 percent to $50, Clayton Williams Energy  (CWEI) gained 5.70 percent to $66.50, and Vaalco Energy (EGY) has all gained over five percent heading towards the closing bell.

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Results for PXD
valueDNA
26 Apr 15 04:27:24
US shale costs down 25-50%. Is oil the new nat gas with declining prices? http://t.co/938HvLinIN $pxd $oxy $hes $bp $cvx $clr
Alfred Ip
25 Apr 15 15:29:46
lots of indep $oil /gas comps setting up $cl_f looks good for intermediate bottom but times like this could get a big fake out $pxd $sm $su
Capital Market Labs
25 Apr 15 12:43:15
Largest Oil, Gas and Consumable Fuels Operating Margin 1: $PXD 2: $DVN 3: $NBL Chart: http://t.co/IPNYH9W7a9 http://t.co/LpkS3cCDoQ
Capital Market Labs
25 Apr 15 12:09:09
Largest Oil, Gas and Consumable Fuels Operating Margin 1: $PXD 2: $DVN 3: $NBL Chart: http://t.co/IPNYH9W7a9 http://t.co/Mc6i6NxjdB
StockEarnings.com
25 Apr 15 11:35:25
$PXD ER on 5/5 After Close. SP were DOWN 13 times out of last 21 qtrs (61%) in Earnings reactions http://t.co/6PkWldvxlQ
Stock Forums
25 Apr 15 10:29:34
$DD stock Prev Close Click Here: http://t.co/Cb4rrRmWJM Also See: $PXD $PNR $SINA $CPE #stockmarket #tradeideas ~
Investors Hangout
25 Apr 15 09:38:57
$PXD stock Chart Click Here: http://t.co/AScfPvsCfb Also See: $CCIH $FCSC $AWK $HRTG #stockmarket #tradeideas ~
Investors Hangout
25 Apr 15 09:28:07
$DFS stock Summary Click Here: http://t.co/BT9TXdPrby Also See: $ABX $DEO $PXD $GGSM #stockmarket #tradeideas ~
IH NASDAQ OMX
25 Apr 15 09:13:32
$ACHN stock Chart Click Here: http://t.co/u7YFwiwntK Also See: $PXD $KB $PKI $EE #stockmarket #invest #stocks #tradeideas ~
Sleek Money
25 Apr 15 09:05:19
Pioneer Natural Resources Receives Buy Rating from Jefferies Group $PXD http://t.co/amVXtoX1GE
Breaking News
25 Apr 15 09:00:14
$PXD: Pioneer Natural Resources Receives Buy Rating from Jefferies ...: http://t.co/RRpx4zfGGF
Christopher Dempsey
25 Apr 15 07:56:19
50% chance of lifting oil export ban this year: CEO http://t.co/dVRuYC8dD9 $EPD $PXD #OIL #SHALE
Stockaholics
24 Apr 15 23:26:19
We Have An Absolutely MASSIVE New Stock Pick Out! Get Early Access: http://t.co/P9qXvMc7W2 $JNPR $PXD $NVE
nasdaqfan
24 Apr 15 21:48:20
Stocks Trending Now: http://t.co/Hl6ZNuI4Hk $NRP $KB $ONTX $MHR $FTR $FBP $GSK $BAS $GENE $MCF $USNA $PXD ~
StockenheimerSchmidt
24 Apr 15 21:19:05
Platinum Members Saw Our Stock Alerts Gain Over 3100% In 6 Months! Subscribe Here: http://t.co/KjFX61Pd0S $JNPR $PXD $NVE
Penny Stockington
24 Apr 15 20:25:39
Our Winning Penny Stock Picks Gained Over 3115% In The Past 6 Months! Huge News: http://t.co/Lau57a75up $JNPR $PXD $NVE
Stock Dawgzz
24 Apr 15 20:13:06
Our Penny Stock Picks Gained 1472% In 2 Months! Get Access To Our New Pick: http://t.co/XxqN9MfSHf $JNPR $PXD $NVE
Stock Rocket
24 Apr 15 19:46:40
Our Stock Pick On $THCZ Is Up 481.54% From Our Initial Release! Major News: http://t.co/bLXWVUeOrx $JNPR $PXD $NVE
Human Migrations
24 Apr 15 17:48:29
RT @YahooFinance: Is it time to go bargain hunting in the oil patch? http://t.co/AfoCiQUoLg via @DeadCosWalking $PXD http://t.co/3MuiIgvJCE
Watchdog Progressive
24 Apr 15 17:47:19
RT @YahooFinance: Is it time to go bargain hunting in the oil patch? http://t.co/AfoCiQUoLg via @DeadCosWalking $PXD http://t.co/3MuiIgvJCE
danrocks
24 Apr 15 17:09:33
Must join site $MNK Click Here: http://t.co/2MqUnWileT Also See: $BBY $ALXN $PXD $VIMC ~
Stockaholics
24 Apr 15 16:26:27
We Have An Absolutely MASSIVE New Stock Pick Out! Get Early Access: http://t.co/P9qXvLUx4u $JNPR $PXD $NVE
PolgarStocks
24 Apr 15 16:14:37
Stocks Trending Now: http://t.co/prRAmk6x0I $CYRN $PE $PCYC $GSH $SALT $LEU $HF $NGD $WFT $DOOR $MRK $PXD ~
Gordon Eckler
24 Apr 15 16:10:09
WTI +7.28%YTD drilling costs -30% taken 6 months to KO half US rigs, permitting up $PXD ADDING rigs come June. A Pox on the House of Saud
Ritesh Barot
24 Apr 15 15:53:52
RT @YahooFinance: Is it time to go bargain hunting in the oil patch? http://t.co/AfoCiQUoLg via @DeadCosWalking $PXD http://t.co/3MuiIgvJCE
Epsilon
24 Apr 15 15:46:40
Weekly watch list: April 27, 2015: $HP $PXD $HES Helmerich & Payne, Inc. (HP) recently surged... http://t.co/Y9xowuCuJx #TheStockAdvisor
FlashRatingsHOT
24 Apr 15 15:30:53
$PXD has 3 analyst ratings in the last 7 days and 66% are positive. Median target: $201 https://t.co/tCO0dCm1ar #PXD
Whale Options UOA
24 Apr 15 15:09:48
#unusualoptionsactivity 4/24: $JD $WU $WFT $FIVE $DAR $DD $THRX $DIS $ABBV $ASML $AAL $SLCA $DSW $INTC $BRCM $PXD $MU http://t.co/zuek6ID52P
Market Parse
24 Apr 15 14:53:08
@n_michaelN Since your tweet was sent $PXD has dropped -2.200%. See your featured tweet on Market Parse http://t.co/YHInvBCk4m
Market Parse
24 Apr 15 14:53:08
@tonymestrada Since your tweet was sent $PXD has dropped -2.200%. See your featured tweet on Market Parse http://t.co/YHInvBCk4m
Sterling M Holmes
24 Apr 15 13:12:24
YahooFinance: Is it time to go bargain hunting in the oil patch? http://t.co/Z3S5sSRPiw via DeadCosWalking $PXD http://t.co/yBS72ZKFzc
MonsterMoney
24 Apr 15 13:09:37
News: "Is it time to go bargain hunting in the oil patch? http://t.co/WJGbMqDHGM via DeadCosWalking $PXD http://t.co/1unAQWcqsB" #YF
US Banking News
24 Apr 15 13:06:40
Pioneer Natural Resources Price Target Increased to $201.00 by Analysts at Jefferies Group $PXD http://t.co/GLf2GYBPxY
MICHAEL FILLOON
24 Apr 15 13:05:40
$PXD PT raised by Jefferies Group to $201 buy rating. http://t.co/EeJXzLJicJ #PXD via @RatingsNetwork http://t.co/wQxRXdoQMP #oil #energy
Tony Fontane
24 Apr 15 12:59:51
RT @YahooFinance: Is it time to go bargain hunting in the oil patch? http://t.co/AfoCiQUoLg via @DeadCosWalking $PXD http://t.co/3MuiIgvJCE
Yahoo Finance
24 Apr 15 12:58:36
Is it time to go bargain hunting in the oil patch? http://t.co/AfoCiQUoLg via @DeadCosWalking $PXD http://t.co/3MuiIgvJCE
Stock Dawgzz
24 Apr 15 12:50:28
Our Penny Stock Picks Gained 1472% In 2 Months! Get Access To Our New Pick: http://t.co/XxqN9Mxu5P $JNPR $PXD $NVE
ProVesting
24 Apr 15 12:00:04
$PXD: Jefferies Group Increases Pioneer Natural Resources Price Target ...: http://t.co/d1zeVV2ueh
Rosner Stocks
24 Apr 15 11:52:07
$BAS Yield Click Here: http://t.co/QNwInL8v4S Also See: $AIXG $CVX $PXD $ANDE ~
Ticker Report
24 Apr 15 11:41:44
Jefferies Group Increases Pioneer Natural Resources Price Target to $201.00 $PXD http://t.co/tQNlEV1DoP
NASDAQ
24 Apr 15 11:41:06
$PXD - Jefferies Group Increases Pioneer Natural Resources Price Target to $201.00 (PXD) http://t.co/QdlgE4RNXl
ProTradersNews
24 Apr 15 11:00:04
$PXD: Pioneer Natural Resources Earns Buy Rating from Analysts at ...: http://t.co/zYwNbHVquE
iHangout
24 Apr 15 10:57:27
$NCS Bid Click Here: http://t.co/Lu2ISaxOgJ Also See: $NVEE $CFNL $PXD $NSC ~
WKRB News
24 Apr 15 10:48:51
Pioneer Natural Resources Earns Buy Rating from Analysts at Nomura $PXD http://t.co/gjZ32SAGjF
#
24 Apr 15 09:38:09
"@OphirGottlieb Largest Oil, Gas and Consumable Fuels Return on Assets 1: $PXD 2: $MPC 3: $MRO Chart: http://t.co/hdFQFU5CAG"
Market Int Center
24 Apr 15 09:22:05
Pioneer Natural Resources $PXD Trading Near $177.14 Resistance Level ( http://t.co/zB1KY24jdp )
OneChicago
24 Apr 15 08:56:02
$PXD 20150515 Block Trade: 214 trade. ~$3.7 MM notional value.
D B
24 Apr 15 08:47:13
RT @EnvestorFirst: Oil Prices Higher In 2015 Says Richard Kinder, CEO $KMI $UWTI $DWTI $BP $CVX $PXD http://t.co/JPx8QhbH6y
Breaking News
24 Apr 15 08:38:11
$PXD The Dallas CASA Classic was held at the Tournament Players Course and Cottonwood Valley Course at... http://t.co/X1p7euh1ac
$Stocknewsalerts
24 Apr 15 08:37:11
$PXD 2015 Dallas CASA Classic Golf Tournament Contributes $1.5 Million to Help Abused Children in Dallas From our Stock News Alerts App
				
				
By  +Follow October 16, 2013 7:35AM
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