Pioneer Natural Resources (PXD) PT Set at $192.00 by Jefferies Group

Pioneer Natural Resources (NYSE:PXD) has been assigned a $192.00 price objective by analysts at Jefferies Group in a research report issued on Wednesday, December 20th. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group’s target price indicates a potential upside of 3.14% from the company’s current price.

PXD has been the subject of a number of other reports. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Wednesday, October 11th. Barclays increased their price objective on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Cowen reiterated a “buy” rating and issued a $210.00 price objective on shares of Pioneer Natural Resources in a research report on Sunday, September 17th. Mizuho reiterated a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Finally, BMO Capital Markets set a $200.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $193.80.

Pioneer Natural Resources (NYSE:PXD) traded up $1.98 during midday trading on Wednesday, reaching $186.15. The company had a trading volume of 1,356,778 shares, compared to its average volume of 1,443,764. The firm has a market cap of $31,339.34, a PE ratio of 258.54, a price-to-earnings-growth ratio of 4.90 and a beta of 0.97. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 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 during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. equities analysts anticipate that Pioneer Natural Resources will post 1.62 EPS for the current fiscal year.

In related news, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Chris J. Cheatwood sold 2,201 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $167.82, for a total value of $369,371.82. Following the transaction, the executive vice president now directly owns 42,909 shares in the company, valued at approximately $7,200,988.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,916 shares of company stock worth $6,976,992. Corporate insiders own 0.89% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Pioneer Natural Resources by 1.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after acquiring an additional 4,040 shares during the period. Summit Global Investments lifted its position in shares of Pioneer Natural Resources by 83.4% during the 2nd quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after acquiring an additional 4,173 shares during the period. State of Tennessee Treasury Department lifted its position in shares of Pioneer Natural Resources by 66.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock valued at $30,504,000 after acquiring an additional 76,268 shares during the period. Point72 Asset Management L.P. raised its position in shares of Pioneer Natural Resources by 2,357.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after purchasing an additional 709,663 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Pioneer Natural Resources by 4.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock worth $83,526,000 after purchasing an additional 26,050 shares during the last quarter. Institutional investors own 90.69% of the company’s stock.

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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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