UBS Group Downgrades Pioneer Natural Resources (PXD) to Neutral

Pioneer Natural Resources (NYSE:PXD) was downgraded by investment analysts at UBS Group from a “positive” rating to a “neutral” rating in a report issued on Wednesday.

A number of other research firms have also weighed in on PXD. BMO Capital Markets reaffirmed a “buy” rating and set a $225.00 target price on shares of Pioneer Natural Resources in a report on Thursday, January 11th. Mizuho set a $202.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $207.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, January 9th. JPMorgan Chase & Co. set a $185.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $194.73.

Shares of Pioneer Natural Resources (NYSE PXD) opened at $184.38 on Wednesday. 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 firm has a market cap of $31,360.00, a P/E ratio of 252.58, a P/E/G ratio of 4.72 and a beta of 0.97. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. analysts forecast that Pioneer Natural Resources will post 1.64 earnings per share for the current fiscal year.

In other news, CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry R. Grillot sold 200 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $159.35, for a total transaction of $31,870.00. Following the completion of the sale, the director now directly owns 7,097 shares of the company’s stock, valued at approximately $1,130,906.95. The disclosure for this sale can be found here. Insiders sold a total of 42,916 shares of company stock valued at $6,976,992 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Pioneer Natural Resources by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock valued at $1,277,000 after purchasing an additional 41 shares in the last quarter. FTB Advisors Inc. boosted its stake in shares of Pioneer Natural Resources by 1.7% in the 2nd quarter. FTB Advisors Inc. now owns 2,646 shares of the oil and gas development company’s stock valued at $402,000 after purchasing an additional 43 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Pioneer Natural Resources by 1.1% in the 2nd quarter. Dana Investment Advisors Inc. now owns 7,426 shares of the oil and gas development company’s stock valued at $1,185,000 after purchasing an additional 84 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in shares of Pioneer Natural Resources by 2.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,063 shares of the oil and gas development company’s stock valued at $648,000 after purchasing an additional 92 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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