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

By  +Follow October 16, 2013 7:35AM
Tickers Mentioned:

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for PXD
Trending Articles SA
28 Jan 15 07:00:01
Are Exxon, Chevron And Shell Low Cost Oil Producers? http://t.co/vnHblG5kW1 $BP $CLR $CVX $CXO $EOG $PBR $PXD $RDS.A $XOM
Sleek Money
28 Jan 15 06:50:39
Pioneer Natural Resources Given BBB Credit Rating $PXD http://t.co/i9AyE5e9SD
28 Jan 15 06:29:06
Are Exxon, Chevron And Shell Low Cost Oil Producers? http://t.co/0eZkFevFTt $BP $CLR $CVX $CXO $EOG $PBR $PXD $RDS.A $XOM”
Seeking Alpha
28 Jan 15 06:28:15
Are Exxon, Chevron And Shell Low Cost Oil Producers? http://t.co/iG6ADRwUOC $BP $CLR $CVX $CXO $EOG $PBR $PXD $RDS.A $XOM
28 Jan 15 04:31:04
$PXD: Bullish Movements - Pioneer Natural Resources (PXD), Total (TOT ...: http://t.co/u8xa1zlD2d
28 Jan 15 02:26:02
$PXD: Short Interest of Pioneer Natural Resources Increases by 7.7%: http://t.co/UuI5IBqPOp
US Banking News
28 Jan 15 01:36:05
Weekly Investment Analysts’ Ratings Updates for Pioneer Natural Resources $PXD http://t.co/skjWLuTXIn
Ticker Report
28 Jan 15 01:26:47
Weekly Investment Analysts’ Ratings Updates for Pioneer Natural Resources $PXD http://t.co/RXN0FMc4Jm
Stock Rocket
28 Jan 15 00:42:25
Our Penny Stock Alert On $QLTS Has Gained 34.62% In The Past 2 Days! Special Update: http://t.co/SK1yaqFkM1 $JNPR $PXD $NVE
27 Jan 15 23:02:02
27 Jan 15 20:35:57
Our Penny Stock Alert On $QLTS Has Gained 34.62% In The Past 2 Days! Special Update: http://t.co/MNFk4FhSe1 $JNPR $PXD $NVE
Trill Trades
27 Jan 15 20:10:35
If anyone cares these are my top 10 oil picks: $APA $APC $BHI $CHK $DVN $EOG $FANG $LNG $PE $PXD
27 Jan 15 16:00:30
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $JNPR $PXD $NVE
Market Int Center
27 Jan 15 12:54:10
Pioneer Natural Resources $PXD Trading Near $158.48 Resistance Level ( http://t.co/szi0vebcjQ )
Stock Rocket
27 Jan 15 12:18:25
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $JNPR $PXD $NVE
27 Jan 15 10:02:02
Pioneer Natural Resources Annual Valuation - 2015 $PXD - #investing http://t.co/GJgLuJZY0h
Penny Stock Secret
27 Jan 15 09:41:05
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $JNPR $PXD $NVE
27 Jan 15 09:27:57
$PXD has 6 analyst ratings in the last 7 days and 66% are positive. Median target: $170 https://t.co/tCO0dDcOyD #PXD
Catalyst Trader
27 Jan 15 09:06:53
$XOP $XLE Like how so many pundits very bearish on energy still, plenty of room for sentiment shift & money rotation. $PXD $CXO $XEC $GPOR
Robert Lesnicki
27 Jan 15 08:50:17
Relative strength scan: $PXD $CXO $BP $COP $SU $GPRO
27 Jan 15 07:40:47
@jimcramer @carlquintanilla @GuyAdami Why are $PXD $CXO n $EOG all rallying @BobPisani ?
27 Jan 15 07:39:07
@terranovajoe @carlquintanilla @ScottWapnerCNBC @ReformedBroker Don't look at $CXO $EOG $PXD.. GREEN!!!!
Samantha LaDuc
27 Jan 15 07:28:18
Nice runs up to WK Res then PB: oil+gas plays $WMB $PXD $CPE etc + momos $TSLA $FEYE $SOHU $AMZN $Z.
27 Jan 15 06:16:03
@RedDogT3 @carlquintanilla @jimcramer @SquawkStreet another great day to BTD on $PXD $CXO $EOG.. All up for yr. still
Irma Doucet
27 Jan 15 06:02:08
$PXD Pioneer Natural Resources: A Survivor Amid The Oil Onslaught http://t.co/klQQfiGHoc
Sarfaraz A. Khan
27 Jan 15 05:21:04
Top Stocks To Watch As The U.S. Opens Up To Condensate Exports $BHP, $COP, $DVN, $EPD, $MRO, $PXD, $VLO http://t.co/PWmqB8wWsI #energy #oil
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27 Jan 15 05:02:06
Stocks Trending Now: http://t.co/oFJbweffVo $VGEN $CHK $ENOC $BUNM $JOSB $CEC $PXD $UNIV $KRED $CMG $MAGNF $KATY ~
27 Jan 15 02:21:34
RT @SharePlanner: Swing Trading Watch-List: $AEO $ECA $LLTC $LVLT $PXD http://t.co/U8C3pLrrKH
Stock Rocket
27 Jan 15 00:11:23
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $JNPR $PXD $NVE
27 Jan 15 00:08:56
RT @SharePlanner: Swing Trading Watch-List: $AEO $ECA $LLTC $LVLT $PXD http://t.co/U8C3pLrrKH
Who wants to know?
27 Jan 15 00:04:27
RT @SharePlanner: Swing Trading Watch-List: $AEO $ECA $LLTC $LVLT $PXD http://t.co/U8C3pLrrKH
26 Jan 15 22:10:49
RT @SharePlanner: Swing Trading Watch-List: $AEO $ECA $LLTC $LVLT $PXD http://t.co/U8C3pLrrKH
Ryan Mallory
26 Jan 15 20:32:59
Swing Trading Watch-List: $AEO $ECA $LLTC $LVLT $PXD http://t.co/U8C3pLrrKH
Mike Mustafoglu
26 Jan 15 19:15:37
$PXD 10-Day / 21-Day Bullish Moving Average Cross
Mike Valletutti, CTA
26 Jan 15 18:58:07
@Bigmoves5 no, just looked at the charts. $PXD looks better.
26 Jan 15 18:56:00
@marketmodel Have looked at or own any $RRC or $PXD?
Kym L
26 Jan 15 16:50:53
$PXD at bottom of gap here
Stock Rocket
26 Jan 15 16:36:40
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $JNPR $PXD $NVE
26 Jan 15 13:31:31
$PXD has 4 analyst ratings in the last 7 days. Median target: $170 (10% upside). View here: https://t.co/tCO0dDcOyD #PXD
26 Jan 15 13:00:04
@GuyAdami @Kelly_Evans @ScottWapnerCNBC @BillGriffeth $BHI $CXO $PXD $CVX.. all seem to have bottomed..
Matthew DiLallo
26 Jan 15 12:47:00
Here’s Why Pioneer Natural Resources’ Stock Slipped 15.7% in 2014 ( $PXD) http://t.co/8y6q34wnfV
Master LP
26 Jan 15 12:16:58
@MLP_Protocol @DividendMaster @Jason_Buck yes and $PSE by $PXD.. but they aren't in position to acquire one another I should have said..
26 Jan 15 10:36:01
Merrill Lynch's Large Cap Energy Stocks to Buy $XOM $COP $OXY $HES $PXD - 24/7 Wall St. http://t.co/xUcMrKtEv8 via @247WallSt
26 Jan 15 10:31:02
@jimcramer @jimiuorio @ScottWapnerCNBC @TheKillir Don't normally do this but Call bottom in $CXO $PXD n $EOG// Start Accumulating!!
26 Jan 15 10:12:15
Merrill Lynch suggests five large-cap energy stocks to buy http://t.co/dseGhV6lcV $COP, $OXY, $HES, $XOM, $PXD http://t.co/un5Bjq6lzl #Oil
26 Jan 15 08:32:03
$ECIG announced debt restructuring, new investors for global expansion. $0.50+ tgt $CVX $GM $PXD investors see http://t.co/dMATVBILuL
26 Jan 15 03:26:04
$PXD: Investors Book Profit on the Price Strength of Pioneer Natural ...: http://t.co/AKOsLzQWqy
25 Jan 15 18:05:15
$PXD Volume Click Here: http://t.co/XCE3xXV7wK Also See: $AB $TKECY $SFMGF $UMPQ ~
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25 Jan 15 12:29:39
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $JNPR $PXD $NVE
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25 Jan 15 11:26:23
http://t.co/T9zutL79nE subscribers alerted to 10-250% gain stocks. JOIN NOW Promo http://t.co/oEiYPiwrNB $ISIS $PXD $AVGO $MU $MET $GM
By  +Follow October 16, 2013 7:35AM



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