Pioneer Natural Resources Company (PXD) PT Lowered to $165.00

Pioneer Natural Resources Company (NYSE:PXD) had its price objective decreased by Citigroup Inc. from $190.00 to $165.00 in a research note issued to investors on Tuesday. Citigroup Inc. currently has a buy rating on the oil and gas development company’s stock.

Other analysts also recently issued research reports about the company. Jefferies Group LLC set a $243.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Wednesday, May 17th. Scotiabank restated a buy rating and issued a $245.00 price target on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Credit Suisse Group restated a buy rating on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Royal Bank Of Canada restated a buy rating and issued a $233.00 price target on shares of Pioneer Natural Resources in a research note on Friday, May 12th. Finally, Barclays PLC restated a buy rating and issued a $196.00 price target (down previously from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $210.75.

Shares of Pioneer Natural Resources (PXD) opened at 131.95 on Tuesday. Pioneer Natural Resources has a 1-year low of $128.50 and a 1-year high of $199.83. The firm has a market cap of $22.44 billion, a PE ratio of 133.15 and a beta of 0.91. The company’s 50-day moving average price is $151.24 and its 200 day moving average price is $170.96.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned ($0.22) EPS. The business’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $1.17 EPS for the current year.

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In other Pioneer Natural Resources news, Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the purchase, the director now owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Kenneth Thompson purchased 750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $133.40 per share, with a total value of $100,050.00. Following the purchase, the director now directly owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Insiders acquired a total of 1,200 shares of company stock valued at $161,102 in the last quarter. 0.92% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of PXD. BlackRock Inc. raised its stake in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares during the last quarter. Capital World Investors raised its stake in shares of Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Pioneer Natural Resources by 706.3% in the second quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after buying an additional 1,757,576 shares during the last quarter. Boston Partners acquired a new stake in shares of Pioneer Natural Resources during the first quarter worth about $274,976,000. Finally, FMR LLC raised its stake in shares of Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock worth $1,568,894,000 after buying an additional 1,304,274 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

About Pioneer Natural Resources

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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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