KeyCorp set a $195.00 price target on Pioneer Natural Resources (NYSE:PXD) in a report published on Sunday morning. The brokerage currently has a buy rating on the oil and gas development company’s stock.
A number of other equities research analysts have also commented on PXD. Mizuho restated a buy rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a report on Friday, November 3rd. JPMorgan Chase & Co. set a $185.00 price objective on shares of Pioneer Natural Resources and gave the stock a buy rating in a report on Wednesday, January 3rd. Credit Suisse Group assumed coverage on shares of Pioneer Natural Resources in a report on Monday, December 11th. They set an outperform rating and a $192.00 price objective on the stock. Williams Capital dropped their price objective on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a hold rating on the stock in a report on Wednesday, October 18th. Finally, BMO Capital Markets set a $200.00 price objective on shares of Pioneer Natural Resources and gave the stock a buy rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $195.84.
Shares of Pioneer Natural Resources (NYSE PXD) traded down $1.21 during midday trading on Friday, hitting $183.17. 1,668,100 shares of the stock were exchanged, compared to its average volume of 1,707,600. The company has a market capitalization of $31,570.00, a PE ratio of 250.92, a price-to-earnings-growth ratio of 4.37 and a beta of 0.97. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. analysts forecast that Pioneer Natural Resources will post 1.65 EPS for the current fiscal year.
In related news, SVP Mark H. Kleinman sold 2,582 shares of Pioneer Natural Resources stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the sale, the senior vice president now owns 12,861 shares of the company’s stock, valued at approximately $2,036,796.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry R. Grillot sold 200 shares of Pioneer Natural Resources stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $159.35, for a total transaction of $31,870.00. Following 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 have sold a total of 42,916 shares of company stock worth $6,976,992 over the last 90 days. 0.89% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth about $100,000. WFG Advisors LP boosted its holdings in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Pioneer Natural Resources in the 3rd quarter valued at about $176,000. Sun Life Financial INC boosted its holdings in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after purchasing an additional 1,229 shares during the period. Finally, Shelton Capital Management bought a new stake in Pioneer Natural Resources in the 2nd quarter valued at about $205,000. 90.81% of the stock is 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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