Was Joseph Samuels’s Islet Management Right About These 5 Stocks?

3. Pioneer Natural Resources Company (NYSE:PXD)

Islet Management’s Stake Value: $44,693,000 

Stock performance over the past 12 months through November 27: +38%

Pioneer Natural Resources Company (NYSE:PXD) is an Irving, Texas-based oil and gas exploration and production (E&P) company with a focus on the Permian Basin. To focus on its high margin assets in the Permian basin, Pioneer Natural Resources Company (NYSE:PXD) disposed of its holdings of 92,000 net acres with daily production of 50,000 barrels of oil equivalent (BOE) in the Delaware Basin for $3.25 billion in cash to Continental Resources, Inc. (NYSE:CLR) on November 3.

On October 26, Vincent Lovaglio at Mizuho increased the target price on Pioneer Natural Resources Company (NYSE:PXD) from $231 to $263. The analyst anticipates “unconventional oil growth” in the US during the second half of next year, which will result in the outperformance of the Energy sector led by the E&P industry.