Pioneer Natural Resources Company (PXD) Receives Consensus Rating of “Buy” from Brokerages

Pioneer Natural Resources Company (NYSE:PXD) has been given a consensus recommendation of “Buy” by the twenty-five ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $197.15.

A number of brokerages recently commented on PXD. Williams Capital set a $184.00 price target on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Cowen and Company set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th.

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In other news, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia raised its position in Pioneer Natural Resources by 10.8% during 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 during the last quarter. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the 2nd quarter valued at approximately $120,000. Oppenheimer Asset Management Inc. bought a new position in Pioneer Natural Resources during the 1st quarter valued at approximately $172,000. Finally, WFG Advisors LP raised its position in Pioneer Natural Resources by 10.2% during 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 last quarter. 91.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Pioneer Natural Resources (NYSE:PXD) traded up 0.26% during midday trading on Thursday, hitting $144.07. The stock had a trading volume of 790,357 shares. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83. The firm has a market cap of $24.51 billion, a P/E ratio of 145.38 and a beta of 0.94. The company’s 50 day moving average is $140.52 and its 200 day moving average is $157.21.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period last year, the company posted ($0.22) earnings per share. On average, equities analysts predict that Pioneer Natural Resources will post $1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Thu

A number of brokerages recently commented on PXD. Williams Capital set a $184.00 price target on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Cowen and Company set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th.

COPYRIGHT VIOLATION WARNING: “Pioneer Natural Resources Company (PXD) Receives Consensus Rating of “Buy” from Brokerages” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/17/pioneer-natural-resources-company-pxd-receives-consensus-rating-of-buy-from-brokerages.html.

In other news, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources in the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia raised its position in Pioneer Natural Resources by 10.8% during 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 during the last quarter. BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the 2nd quarter valued at approximately $120,000. Oppenheimer Asset Management Inc. bought a new position in Pioneer Natural Resources during the 1st quarter valued at approximately $172,000. Finally, WFG Advisors LP raised its position in Pioneer Natural Resources by 10.2% during 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 last quarter. 91.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Pioneer Natural Resources (NYSE:PXD) traded up 0.26% during midday trading on Thursday, hitting $144.07. The stock had a trading volume of 790,357 shares. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83. The firm has a market cap of $24.51 billion, a P/E ratio of 145.38 and a beta of 0.94. The company’s 50 day moving average is $140.52 and its 200 day moving average is $157.21.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same period last year, the company posted ($0.22) earnings per share. On average, equities analysts predict that Pioneer Natural Resources will post $1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 8.16%.

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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