JPMorgan Chase & Co. set a $185.00 price objective on Pioneer Natural Resources (NYSE:PXD) in a research note published on Wednesday morning. The firm currently has a buy rating on the oil and gas development company’s stock.
Several other equities research analysts also recently weighed in on PXD. Zacks Investment Research upgraded Pioneer Natural Resources from a hold rating to a buy rating and set a $169.00 price target on the stock in a report on Wednesday, October 11th. Jefferies Group reiterated a buy rating and issued a $180.00 price target on shares of Pioneer Natural Resources in a report on Tuesday, October 10th. Barclays increased their price target on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an overweight rating in a report on Wednesday, October 11th. Cowen reiterated a buy rating and issued a $210.00 price target on shares of Pioneer Natural Resources in a report on Sunday, September 17th. Finally, Mizuho reissued a buy rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $191.99.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down $0.76 during mid-day trading on Wednesday, reaching $176.51. The company’s stock had a trading volume of 1,140,067 shares, compared to its average volume of 1,332,412. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. The stock has a market capitalization of $30,035.82, a P/E ratio of 245.15, a PEG ratio of 4.72 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. equities research analysts expect that Pioneer Natural Resources will post 1.61 earnings per share for the current fiscal year.
In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $157.57, for a total value of $512,102.50. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock worth $6,976,992 in the last ninety days. Insiders own 0.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in PXD. Robeco Institutional Asset Management B.V. boosted its position in shares of Pioneer Natural Resources by 21.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 12,491 shares of the oil and gas development company’s stock worth $1,993,000 after purchasing an additional 2,241 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Pioneer Natural Resources by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 244,292 shares of the oil and gas development company’s stock worth $38,984,000 after purchasing an additional 992 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Pioneer Natural Resources by 40.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,289 shares of the oil and gas development company’s stock worth $206,000 after purchasing an additional 371 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth $455,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Pioneer Natural Resources by 33.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 116,805 shares of the oil and gas development company’s stock worth $18,640,000 after purchasing an additional 28,959 shares in the last quarter. 90.69% of the stock is currently owned by institutional investors and hedge funds.
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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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