Pioneer Natural Resources (PXD) Downgraded to “Sell” at ValuEngine

ValuEngine lowered shares of Pioneer Natural Resources (NYSE:PXD) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Other analysts have also issued research reports about the company. Imperial Capital dropped their target price on Pioneer Natural Resources from $232.00 to $222.00 and set an outperform rating on the stock in a report on Thursday, August 9th. Williams Capital reaffirmed a hold rating and issued a $225.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, August 21st. TheStreet downgraded Pioneer Natural Resources from a b- rating to a c+ rating in a research report on Tuesday, August 7th. Oppenheimer began coverage on Pioneer Natural Resources in a research report on Wednesday, October 3rd. They issued a market perform rating on the stock. Finally, Seaport Global Securities reaffirmed a buy rating on shares of Pioneer Natural Resources in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $235.73.

Shares of Pioneer Natural Resources stock traded down $0.75 during trading on Thursday, reaching $146.15. The stock had a trading volume of 25,437 shares, compared to its average volume of 1,666,296. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of 68.17, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. Pioneer Natural Resources has a 52 week low of $140.54 and a 52 week high of $213.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%. On average, equities analysts expect that Pioneer Natural Resources will post 6.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a $0.16 dividend. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 annualized dividend and a yield of 0.44%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 14.81%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC bought a new position in shares of Pioneer Natural Resources during the 2nd quarter worth approximately $127,000. Kiley Juergens Wealth Management LLC grew its stake in Pioneer Natural Resources by 159.5% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 768 shares of the oil and gas development company’s stock valued at $133,000 after buying an additional 472 shares in the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in Pioneer Natural Resources in the 2nd quarter valued at approximately $207,000. Welch & Forbes LLC purchased a new position in Pioneer Natural Resources in the 2nd quarter valued at approximately $218,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in Pioneer Natural Resources in the 2nd quarter valued at approximately $227,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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