10 Best Oil Stocks To Buy Right Now
Yes, it is true. Oil stocks went up a lot since the end of October. No, it isn’t too late to buy them.
Cyclical investing is the easiest investment strategy when we are coming out of an economic contraction. That’s when it is really safe to buy beaten down (but not out) cyclical stocks. There are still a large number of investors on the sidelines, that’s how we know that we can generate large returns by snapping up cyclical stocks before more conservative investors start coming out of their bunkers.
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Pioneer Natural Resources Compa with ticker code (PXD) now have 28 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 175 and 95 calculating the mean target price we have 128.07. With the stocks previous close at 114.43 this indicates there is a potential upside of 11.9%. There is a 50 day moving average of 93.77 and the 200 day moving average is 96.12. The market capitalisation for the company is $18,762m. You can visit the company’s website by visiting: http://www.pxd.com
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas. As of December 31, 2019, the company had proved undeveloped reserves and proved developed non-producing reserves of 39 million barrels of oil,