Pioneer Natural Resources Gets a Boost

That got my attention: Today, May 6, analysts at FBR Capital dramatically raised their price target on Pioneer Natural Resources (PXD) to $225 a share from $125. The shares were up 3.2% to $133.81 as of 2 p.m. New York time.

This isn't just another case of an analyst picking a number out of his or her hat, or getting all gaga-goo-goo over an earnings surprise. The new target price is based on something called "de-risking." De-risking is as much a part of the normal life cycle of an oil or natural gas asset as the progression from phase I to phase II to phase III to Food and Drug Administration approval is for a drug company....486 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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