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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.

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
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24 Oct 14 23:05:38
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FilingsAnalysis
24 Oct 14 12:55:07
$PXD, 13G filed by Viking Global Investors LP http://t.co/n8g4gZGM8B
Stock Relay
24 Oct 14 12:38:26
$SOHOL 52Wk High Click Here: http://t.co/oS77vJ4ZVK Also See: $HCT $PXD $AWAY $YUME ~
mr13g
24 Oct 14 12:38:05
$PXD SC 13G Filed By: Viking Global Investors Lp, Subject: Pioneer Natural Resources Co http://t.co/DQ6OlI7Q1n
$Stocknewsalerts
24 Oct 14 12:30:16
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
whalewisdom
24 Oct 14 12:25:09
New SC 13G from VIKING GLOBAL INVESTORS LP concerning $PXD. See details at http://t.co/NPK6iXnKBD
NASDAQ
24 Oct 14 12:25:04
$PXD - Statement of Ownership (sc 13g) http://t.co/0wEqFt94cR
Market Int Center
24 Oct 14 11:52:04
Pioneer Natural Resources $PXD Showing Support Near $177.01 ( http://t.co/zmneHo5CJS )
WKRB News
24 Oct 14 09:58:38
Pioneer Natural Resources Rating Reiterated by Wunderlich $PXD http://t.co/wHq0BVEdGR
Craig Garbers
24 Oct 14 09:07:11
RT @SAlphaTrending: Global Oil Markets: There And Back Again http://t.co/YGnn1958Lu $HAL $OXY $PXD $RSPP $OIL $USO $BNO $SCO
Seeking Alpha
24 Oct 14 09:00:04
Global Oil Markets: There And Back Again http://t.co/YGnn1958Lu $HAL $OXY $PXD $RSPP $OIL $USO $BNO $SCO
Daily Contracts
24 Oct 14 08:47:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
Quantpost Basic Mats
24 Oct 14 06:06:48
$EOG $OXY News: "Occidental Petroleum Needs To Go Shopping $EOG $PAA $PXD $OXY …" http://t.co/1IVxIC9HAa Board view: https://t.co/ZF1TlLmy9t
Seeking Alpha
24 Oct 14 06:06:48
Occidental Petroleum Needs To Go Shopping http://t.co/KXQ3OU97d6 $EOG $PAA $PXD $OXY
Chris Kader
24 Oct 14 05:35:25
@talkequities @wandy922 I use them a lot. Watching $PXD for log term entry / hold
John Turner
23 Oct 14 14:02:03
$PXD Guggenheim Securities Upgrades Pioneer Natural Resources To Buy http://t.co/Jtx5nFEqBp
Tim Newington
23 Oct 14 11:57:25
RT @SeekingAlpha: Global Oil Markets: There And Back Again http://t.co/BSx1DOJN2Z $HAL $OXY $PXD $RSPP $OIL $USO $BNO $SCO
JPU
23 Oct 14 11:49:23
RT @SeekingAlpha: Global Oil Markets: There And Back Again http://t.co/BSx1DOJN2Z $HAL $OXY $PXD $RSPP $OIL $USO $BNO $SCO
Quantpost Basic Mats
23 Oct 14 11:48:51
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Seeking Alpha
23 Oct 14 11:48:48
Global Oil Markets: There And Back Again http://t.co/BSx1DOJN2Z $HAL $OXY $PXD $RSPP $OIL $USO $BNO $SCO
Media Sentiment
23 Oct 14 10:04:57
$PXD received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 516
Market Int Center
23 Oct 14 10:00:36
Pioneer Natural Resources $PXD Showing Bearish Technicals With Support At $172.84 ( http://t.co/zhL8ylX2RF )
Daily Contracts
23 Oct 14 09:37:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/JoHMFuP2Kd
Seeking Alpha
23 Oct 14 09:00:06
Oil & Gas Stocks: Is This Correction Over? http://t.co/gkn0rkNoqg $CLR $PXD $WLL $XEC
Lindsey Cabot
23 Oct 14 08:35:21
RT @SeekingAlpha: Oil & Gas Stocks: Is This Correction Over? http://t.co/64RpG8wFjI $CLR $PXD $WLL $XEC
DR JAMES CABOT
23 Oct 14 08:35:15
RT @SeekingAlpha: Oil & Gas Stocks: Is This Correction Over? http://t.co/64RpG8wFjI $CLR $PXD $WLL $XEC
Seeking Alpha
23 Oct 14 08:31:46
Oil & Gas Stocks: Is This Correction Over? http://t.co/64RpG8wFjI $CLR $PXD $WLL $XEC
John Michael
23 Oct 14 06:38:05
RT @SeekingAlpha: Are Producers Haunted By Gas Price Drop Still Profitable? http://t.co/LJkuI2zd19 $DVN $ECA $PXD $TLM
Seeking Alpha
23 Oct 14 06:30:21
Are Producers Haunted By Gas Price Drop Still Profitable? http://t.co/LJkuI2zd19 $DVN $ECA $PXD $TLM
Ticker Report
23 Oct 14 06:28:46
Pioneer Natural Resources Given “Buy” Rating at Wunderlich $PXD http://t.co/vF1NyjFzap
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23 Oct 14 00:57:05
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $JNPR $PXD $NVE
Mike Mustafoglu
22 Oct 14 19:47:38
$MWE $MPC $MRO $MMP $NE $OII $OKE $OKS $OXY $PTEN $PXD $QRE $RDC $SLB $SPWR $SU $SUNE $SXL $TSO $VLO $WNR $XOM Bearish Stochastic Cross
MICHAEL FILLOON
22 Oct 14 19:41:30
Pioneer Natural Resources's buy at Wunderlich. $215.00 PT. http://t.co/gBnffTPNLw $PXD #PXD via @RatingsNetwork http://t.co/ucgCUg8F7Z #Oil
Media Sentiment
22 Oct 14 10:40:09
$PXD received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 463
Market Int Center
22 Oct 14 10:39:40
Pioneer Natural Resources $PXD Showing Bearish Technicals ( http://t.co/ZAkbN4Et9a )
FlashRatingsHOT
22 Oct 14 09:39:54
$PXD has 3 analyst ratings in the last 7 days and 66% are positive. Median target: $215 (16% upside). View here: https://t.co/tCO0dCm1ar
Estimize
22 Oct 14 09:32:02
@TrembFredrick The WS consensus for $PXD Q3 2014 has shifted significantly downwards - http://t.co/DWtRxyjLWv
US Banking News
22 Oct 14 09:15:23
Pioneer Natural Resources Given Buy Rating at Wunderlich $PXD http://t.co/oeyBtMFknn
InterCooler
22 Oct 14 09:05:05
Pioneer Natural Resources Earns Buy Rating from Wunderlich $PXD http://t.co/ILsA999oSl
Chas Dray
22 Oct 14 08:36:53
RT @SeekingAlpha: Liar's Poker In The Oil Patch http://t.co/9W44QGe34b $WLL $EOG $LINE $PXD
Alysia Sarkisian
22 Oct 14 08:19:24
RT @SeekingAlpha: Liar's Poker In The Oil Patch http://t.co/9W44QGe34b $WLL $EOG $LINE $PXD
Michael G.
22 Oct 14 08:17:02
RT @SeekingAlpha: Liar's Poker In The Oil Patch http://t.co/9W44QGe34b $WLL $EOG $LINE $PXD
Quantpost Basic Mats
22 Oct 14 08:10:10
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Seeking Alpha
22 Oct 14 08:10:07
Liar's Poker In The Oil Patch http://t.co/9W44QGe34b $WLL $EOG $LINE $PXD
Lamp
22 Oct 14 07:24:12
RT @StkConfidential: $ACT, $AFSI, $CELG, $ISRG, $LNKD, $BBRY, $VASC targets raised; $ABG, $ARMH, $EOG, $PXD, $VMW, $ATHL, $BCEI cut; $KS st…
Daily Contracts
22 Oct 14 06:51:00
Real-Time feed of company contracts, original agreements and executive updates from Pioneer Natural Resources $PXD http://t.co/dsJRtklyeX
TipRanks
22 Oct 14 06:22:22
1-star analyst Rob Cordray from Guggenheim upgraded rating on $PXD to BUY. Rob has a 25.0% success rate http://t.co/KB1CImUumY
Investor Wand
22 Oct 14 06:12:24
Is $PXD a BUY? Guggenheim Securities LLC thinks so:http://t.co/LTP6mjIfAi
Paul Johnson
22 Oct 14 05:36:58
$ACT, $AFSI, $CELG, $ISRG, $LNKD, $BBRY, $VASC targets raised; $ABG, $ARMH, $EOG, $PXD, $VMW, $ATHL, $BCEI cut; $KS started w.buy.
				
				
By  +Follow October 16, 2013 7:35AM
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