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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
Daily Contracts
11 Jul 14 10:42:13
$PXD News: Indemnification Agreement http://t.co/xXkhiYnYnk #indemnificationagreement #delaware
Mike Mustafoglu
11 Jul 14 10:10:51
RT @RatingsNetwork: Pioneer Natural Resources's PT raised by SunTrust to $266.00. buy rating. http://t.co/T26CtDfAmR $PXD #PXD
Market News
11 Jul 14 09:42:26
$PXD: Pioneer Natural Resources Company Board of Directors Appoints Two New Board Members http://t.co/n8y4q1M7jh
Analyst Ratings
11 Jul 14 09:24:34
Pioneer Natural Resources's PT raised by SunTrust to $266.00. buy rating. http://t.co/XOnMZwdLGZ $PXD #PXD
US Consumer News
11 Jul 14 09:24:07
Pioneer Natural Resources's PT raised by SunTrust to $266.00. buy rating. http://t.co/rwg4Lqnohp $PXD #PXD
US Banking News
11 Jul 14 09:14:16
Pioneer Natural Resources Given New $266.00 Price Target at SunTrust $PXD http://t.co/HV0S6j0fMx
Market Int Center
11 Jul 14 09:01:32
Pioneer Natural Resources $PXD Trading Near $227.43 Resistance Level ( http://t.co/y6xrf3CMzu )
Jahi Faucette
11 Jul 14 08:01:47
RT @StkConfidential: $FANG, $NFLX, $OPEN, $PXD, $SAVE, $SLXP, $CBOE targets raised, $OTEX target raised by $JPM but downgraded to sector pe…
11 Jul 14 07:28:41
$PXD Sentiment Chart http://t.co/IZ6y7PbE2V
Michael Diamondz
11 Jul 14 07:26:13
holdings in trading acct in order of $ committed: $JNJ $ATK $PRGO $CELG $WM cash $SNDK $STZ $PXD $FUEL #stocks
Michael Diamondz
11 Jul 14 07:24:52
using today to raise cash and reduce risk - sold all $FB for a wash, reduced $PXD for profit #stocks
Dave Neville
11 Jul 14 05:42:16
RT @StkConfidential: $FANG, $NFLX, $OPEN, $PXD, $SAVE, $SLXP, $CBOE targets raised, $OTEX target raised by $JPM but downgraded to sector pe…
11 Jul 14 05:35:25
RT @StkConfidential: $FANG, $NFLX, $OPEN, $PXD, $SAVE, $SLXP, $CBOE targets raised, $OTEX target raised by $JPM but downgraded to sector pe…
Paul Johnson
11 Jul 14 05:31:59
$FANG, $NFLX, $OPEN, $PXD, $SAVE, $SLXP, $CBOE targets raised, $OTEX target raised by $JPM but downgraded to sector perform by RBC.
11 Jul 14 05:05:11
$PXD ALERT: New Pioneer Natural Resources Company SEC Filing From our Stock News Alerts App
Vittoria Mcanalley
11 Jul 14 04:31:27
Are you hanging on to $CFN $MAN $PXD $IGN Visit RATE_LIMIT_EXCEEDED
Market Updates
11 Jul 14 03:42:26
$PXD: Are U.S. Energy Exports Ready to Pop? http://t.co/ZtlKFSuOkm
Everild Cumberland
11 Jul 14 03:28:55
Todays Stocks you should Watch $PXD $TER $LOW $WTW #overvalued RATE_LIMIT_EXCEEDED
Adzo Hundley
11 Jul 14 03:01:03
$EMN #Stock Market Reports on stocks like $PXD $MXIM $CSIQ View now http://t.co/9s6EAfyEwa
Alie Alldre
11 Jul 14 02:36:40
Are you hanging on to $CFN $PC $PXD $FEYE #financialnews RATE_LIMIT_EXCEEDED
Tennessee Merredy
11 Jul 14 02:31:19
Insider Trading updates on $DF $DHR $PXD $ARNA #equity RATE_LIMIT_EXCEEDED
Jago Davis
11 Jul 14 02:23:23
It could be breaktout time on $PXD $RCL $CSE $GLD Visit RATE_LIMIT_EXCEEDED
Kyan Longq
11 Jul 14 02:21:46
Some Stocks to Watch $PXD $HOT $ATML $USD #equity RATE_LIMIT_EXCEEDED
Okey Candy
11 Jul 14 01:55:22
Todays movers to research $PXD $HRL $RBC $CHTP Click http://t.co/VgyqMN34Uj
Wilma Burnsi
11 Jul 14 01:54:33
$PC Are you considering selling $PXD $AN $GOGO #wallstreet http://t.co/JSIYy06cgw
Ahlert Gilpin
11 Jul 14 00:01:57
Find more winners like $PXD $DISH $DVA $SLW I suggest http://t.co/QydUqNWUOi
Stock Updates
10 Jul 14 20:42:22
$PXD: The world has 53.3 years of oil left http://t.co/KM1H5aFeTv
Ashish Nagi
10 Jul 14 19:54:21
7/11Predictions $PXD: Low: $224.06 target high: $224.23 high reach: $226.47 #pxd #trading #stocks #predictions #optimistic #wishfulthinking
Ryuunosuke Bullard
10 Jul 14 19:48:45
$TSS Is it breakout time on $PXD $EOG $CHTP #financialnews http://t.co/EN8G209gDk
Amritesa Kelner
10 Jul 14 19:45:50
Get research on $PXD $SGEN $DECK $SLW Give it a try RATE_LIMIT_EXCEEDED
Aikya Hurnell
10 Jul 14 19:42:34
Find more winners like $INTU $JLL $PXD $RT #singedinvestor RATE_LIMIT_EXCEEDED
Ashish Nagi
10 Jul 14 19:42:00
Today's Prediction Accuracy: $PXD Low: $98.06% High: 99.673% #stocks #nyse #predictiveanalytics #trading #investing
Stellan Chandlerqyc
10 Jul 14 19:33:57
$SIRI Do you think you should hold $PXD $WAB $CHTP Click RATE_LIMIT_EXCEEDED
Wolfgang Ingallss
10 Jul 14 19:30:26
Todays movers to research $PXD $PEP $MDVN $AMZN I suggest RATE_LIMIT_EXCEEDED
RB Tech Social
10 Jul 14 18:56:05
RB-Trader's #arbitrage scan picked up inverted markets in $TSLA $CMG and $PXD #options http://t.co/fXhIQxwrnG
10 Jul 14 18:46:59
Platinum Members saw our Penny Stock Picks gain 4,000% in 4 months this year! Huge Update: https://t.co/M8oXhykQpa $JNPR $PXD $NVE
Huenu Martinez
10 Jul 14 18:23:15
Looking for the next $PXD $SSYS $SM $CHTP Must see RATE_LIMIT_EXCEEDED
Market Monitor
10 Jul 14 17:42:20
$PXD: The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Enterprise Products Partners, Marathon Petroleum, http://t.co/wfg4tIO2U8
Wolcott Jessep
10 Jul 14 17:34:20
Do you think you should hold $PXD $AMD $USB $GOOG Worth a look RATE_LIMIT_EXCEEDED
Eirig Esche
10 Jul 14 17:28:24
Todays movers to research $PXD $ONNN $NTAP $CHTP Visit RATE_LIMIT_EXCEEDED
Roxanna Bergerone
10 Jul 14 17:21:38
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Nafula Hannis
10 Jul 14 16:38:47
#Stocks to hold onto $PXD $TPX $BF $QLYS #overvalued RATE_LIMIT_EXCEEDED
Ansel Coopermg
10 Jul 14 16:27:05
$CRL Buying or selling? $PXD $VVC $GAIN #wealthmanagement RATE_LIMIT_EXCEEDED
Business Reports
10 Jul 14 16:06:00
$PXD: Stocks Recover Impressively; Gap Slumps In After Hours http://t.co/fgQ3WJ0foo
10 Jul 14 16:02:05
$PXD - Stocks Recover Impressively; Gap Slumps In After Hours -> http://t.co/yaTH66SwwV #stock #stocks #stockaction
10 Jul 14 15:46:10
RT @cetodukodepe: $IBM #Best #Pennystock research $PXD $PSA $DO #NASDAQ RATE_LIMIT_EXCEEDED
ReleaseTEAM Canada
10 Jul 14 15:42:12
RT @cetodukodepe: $IBM #Best #Pennystock research $PXD $PSA $DO #NASDAQ RATE_LIMIT_EXCEEDED
Etsuyo Ballendine
10 Jul 14 15:41:41
Get the latest on $PXD $CLF $CCL $GOGO Must see RATE_LIMIT_EXCEEDED
Hertz Gislebert
10 Jul 14 15:41:28
$IBM #Best #Pennystock research $PXD $PSA $DO #NASDAQ RATE_LIMIT_EXCEEDED
Kolt Maghull
10 Jul 14 15:40:34
$HRB #Stock Watchlist. Dont be left behind $PXD $GGG $QLYS #economy RATE_LIMIT_EXCEEDED
By  +Follow October 16, 2013 7:35AM



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