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Stock Market & Financial Investment News

News Breaks
March 4, 2013
17:29 EDTPXDFitch upgrades Pioneer Natural to 'BBB-', outlook revised to Stable
Fitch Ratings has upgraded the ratings on Pioneer Natural Resources to 'BBB-' from 'BB+'. The rating outlook is Stable. Pioneer's ratings and Stable outlook are supported by the company's long-lived onshore reserve base, consistent production growth, and valuable leasehold acreage positions in key oil and liquids basins, the Permian and the Eagle Ford. Concerns include relatively high leverage for an investment grade exploration and production company, high capex investment required to fund growth, and the risk of a macroeconomic scenario that involves materially and persistently lower oil prices in the long run.
News For PXD From The Last 14 Days
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March 18, 2015
09:31 EDTPXDPioneer Natural downgraded to Equalweight from Overweight at Capital One
Capital One downgraded Pioneer Natural to reflect lower oil, gas, and NGL price deck forecasts and said valuation is lofty. Price target is $163.

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