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Analysts optimistic on Pioneer Natural Resources Co outlook

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The Pioneer Natural Resources Co (NYQ:PXD) share price has risen by 11.7% over the past month and it’s currently trading at $270.2. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Pioneer Natural Resources Co currently has:

  • 8 Buy recommendations

  • 9 Hold recommendations

  • 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.


Researching beyond broker forecasts

At its current price of $270.2, shares in Pioneer Natural Resources Co are trading at a discount of -0.84% to its 52 week high price. The 1-year performance of the shares has been 63.8%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Pioneer Natural Resources Co it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Pioneer Natural Resources Co that you can find out about here.

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