Pioneer Natural Resources Company (NYSE:PXD) received a $136.00 target price from analysts at Barclays PLC in a research report issued on Friday, August 4th. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. Barclays PLC’s price objective would suggest a potential upside of 3.07% from the stock’s current price.
A number of other analysts also recently commented on PXD. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. Stifel Nicolaus reissued a “buy” rating and issued a $268.00 target price on shares of Pioneer Natural Resources in a report on Friday, July 14th. Williams Capital set a $184.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average price target of $210.75.
Shares of Pioneer Natural Resources (PXD) opened at 131.95 on Friday. The stock has a 50 day moving average price of $151.24 and a 200-day moving average price of $170.96. The company has a market capitalization of $22.44 billion, a P/E ratio of 133.15 and a beta of 0.91. Pioneer Natural Resources has a one year low of $128.50 and a one year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned ($0.22) EPS. The company’s quarterly revenue was up 107.4% on a year-over-year basis. Equities research analysts predict that Pioneer Natural Resources will post $1.17 earnings per share for the current fiscal year.
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In other Pioneer Natural Resources news, Director Andrew F. Cates bought 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the acquisition, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director J Kenneth Thompson bought 750 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 over the last 90 days. 0.92% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PXD. WFG Advisors LP raised its position in Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after buying an additional 102 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Pioneer Natural Resources by 25.4% in the second quarter. Toronto Dominion Bank now owns 61,055 shares of the oil and gas development company’s stock worth $9,742,000 after buying an additional 12,377 shares during the period. Hahn Capital Management LLC raised its stake in shares of Pioneer Natural Resources by 10.0% in the second quarter. Hahn Capital Management LLC now owns 182,789 shares of the oil and gas development company’s stock worth $29,169,000 after buying an additional 16,561 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth approximately $206,000. Finally, Millie Capital Management LLC raised its stake in shares of Pioneer Natural Resources by 14.4% in the second quarter. Millie Capital Management LLC now owns 15,278 shares of the oil and gas development company’s stock worth $2,438,000 after buying an additional 1,925 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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