In this article, we discuss the 5 stocks receiving price-target cut from analysts. If you want to see more such stocks on the list, go directly to Wall Street Analysts Just Trimmed Price Targets for These 10 Stocks.
05. Pioneer Natural Resources Company (NYSE:PXD)
Price Reaction after the Price Target Cut: +2.09 (+0.91%)
On January 3, Mizuho Securities analyst Nitin Kumar made adjustments to the price target for Pioneer Natural Resources, a key player in the energy sector, lowering it from $301.00 to $264.00 while maintaining a Buy rating on the shares. The current price stands at $232.37, reflecting a price change of +0.9%. Mizuho’s strategic decision to revise the price target to $264.00 is part of their ongoing evaluation of market dynamics within the energy industry. Despite the reduction, the sustained Buy rating underscores Mizuho’s positive outlook on Pioneer Natural Resources’ potential performance in the market. The recorded price change of +0.9% indicates the market’s response following Mizuho’s adjustment. This measured modification in the price target underscores Mizuho’s commitment to providing investors with comprehensive insights into potential shifts within the energy sector.
Carillon Chartwell Mid Cap Value Fund made the following comment about Pioneer Natural Resources Company (NYSE:PXD) in its Q3 2023 investor letter:
“The Russell Midcap Value Index declined 4.5%, with only the energy and financials sectors generating positive returns. The healthcare, communication services, and consumer staples sectors were the weakest. Pioneer Natural Resources Company (NYSE:PXD) produces oil and natural gas in the Permian Basin of West Texas and southeastern New Mexico. Its shares rallied along with oil prices, a key driver of revenue and earnings.”
04. Antero Resources Corporation (NYSE:AR)
Price Reaction after the Price Target Cut: +0.15 (+0.66%)
On January 2, Raymond James adjusted its price target for Antero Resources Corporation (NYSE:AR), a notable player in the energy industry, reducing it from $37.00 to $28.00 while maintaining a Strong-Buy rating on the shares. This strategic move by Raymond James is part of their ongoing assessment of market dynamics within the energy sector. Despite the reduction, the sustained Strong-Buy rating underscores Raymond James’ positive outlook on Antero Resources Corporation (NYSE:AR) potential performance in the market. The recorded price change of +0.66% indicates the market’s response following Raymond James’ adjustment. Investors can consider this adjustment in the context of Raymond James’ strategic evaluation as they navigate their investment decisions within the dynamic energy market.
Carillon Eagle Mid Cap Growth Fund made the following comment about Antero Resources Corporation (NYSE:AR) in its Q1 2023 investor letter:
“Antero Resources Corporation (NYSE:AR) is a natural gas exploration and production company with operations in the Appalachian Basin. Overall natural gas storage inventories recently have reached slightly elevated levels, due largely to the milder than average winter experienced across the globe. This dynamic has weighed on benchmark natural gas prices, and in turn has pressured Antero’s stock. Despite these current headwinds, we believe the company’s relatively low-cost operations, strong balance sheet, positive recent productivity trends, and ability to price its production at a premium to benchmark prices should position it well to weather the current choppy environment until the country’s liquified natural gas export capacity increases over the next several years.”
03. Chord Energy Corporation (NASDAQ:CHRD)
Price Reaction after the Price Target Cut: +1.09 (+0.65%)
On January 3, Mizuho Securities adjusted its price target for Chord Energy Corporation (NASDAQ:CHRD), a significant player in the energy industry, lowering it from $197.00 to $188.00 while maintaining a Buy rating on the shares. This strategic decision by Mizuho is part of their continuous evaluation of market dynamics within the energy sector. Despite the reduction, the sustained Buy rating underscores Mizuho’s positive outlook on Chord Energy Corporation (NASDAQ:CHRD) potential performance in the market. The recorded price change of +0.65% indicates the market’s response following Mizuho’s adjustment.
Here is what Bernzott Capital Advisors US Small Cap Value Fund has to say about Chord Energy Corporation (NASDAQ:CHRD) in its Q3 2022 investor letter:
“Chord Energy (CHRD): Formed through the 2022 merger of Whiting Petroleum and Oasis Petroleum, the company possesses one of the largest acreages within the Williston Basin. The company’s plan to return 75% of FCF to shareholders in the form of dividends and buybacks is amongst the highest of its peer group. Synergies associated with the merger should drive further efficiencies benefitting the bottom line. The stock currently yields 3.4%.”
02. Omega Healthcare Investors, Inc. (NYSE:OHI)
Price Reaction after the Price Target Cut: -0.33 (-1.07%)
On January 3, Mizuho Securities revised its price target for Omega Healthcare Investors, Inc. (NYSE:OHI), a notable player in the healthcare real estate industry. The adjustment lowered the target from $35.00 to $34.00 while maintaining a Buy rating on the shares. This strategic decision by Mizuho is part of their continuous evaluation of market dynamics within the healthcare real estate sector. Despite the reduction, the sustained Buy rating underscores Mizuho’s positive outlook on Omega Healthcare Investors, Inc. (NYSE:OHI) Investors’ potential performance in the market. The recorded price change of -1.07% indicates the market’s response following Mizuho’s adjustment.
Here is what Aristotle Capital Management Small Cap Equity has to say about Omega Healthcare Investors, Inc. (NYSE:OHI) in its Q1 2022 investor letter:
“Omega Healthcare Investors (NYSE:OHI), healthcare-focused real estate investment trust, was removed from the portfolio due to a deterioration of the financial condition of its tenant base. After seeing an improvement in the prior couple of quarters, management highlighted the potential for a worsening outlook for delinquencies with subdued occupancy due to COVID-related concerns and labor shortages. We believe higher labor costs due to the ongoing nursing and general labor shortage are also negatively impacting their customers and have decided to step away from our investment.”
01. Oracle Corporation (NYSE:ORCL)
Price Reaction after the Price Target Cut: -1.60 (-1.54%)
On January 2, Piper Sandler revised its price target for Oracle Corporation (NYSE:ORCL), a major player in the technology industry. The adjustment lowered the target from $125.00 to $122.00 while maintaining an Overweight rating on the shares. This strategic decision by Piper Sandler is part of their continuous evaluation of market dynamics within the technology sector. Despite the reduction, the sustained Overweight rating underscores Piper Sandler’s positive outlook on Oracle Corporation (NYSE:ORCL) potential performance in the market. The recorded price change of -1.54% indicates the market’s response following Piper Sandler’s adjustment.
Aristotle Atlantic Core Equity Strategy made the following comment about Oracle Corporation (NYSE:ORCL) in its third quarter 2023 investor letter:
“Oracle Corporation (NYSE:ORCL) provides products and services that address enterprise information technology (IT) environments. The company’s products and services include enterprise applications and infrastructure offerings that are delivered worldwide through a variety of flexible and interoperable IT deployment models. The company operates in three segments: cloud and license business, hardware, and services.
We believe Oracle’s cloud infrastructure product, OCI 2.0, continues to demonstrate strong revenue growth over several quarters. Additionally, we see the rapid growth of artificial intelligence (AI) computing needs as being a differentiated growth driver for Oracle. We believe that Oracle will continue to drive positive outcomes for the Cerner business through a better margin structure, as well as topline sales synergies.”
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