Pioneer Natural Resources (NYSE:PXD) received a $192.00 target price from stock analysts at Jefferies Group in a report released on Wednesday, December 20th. The firm currently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group’s price objective suggests a potential upside of 3.14% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Credit Suisse Group started coverage on shares of Pioneer Natural Resources in a report on Monday, December 11th. They issued an “outperform” rating and a $192.00 price objective for the company. Morgan Stanley reduced their price target on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a report on Wednesday, October 18th. KeyCorp set a $180.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, November 25th. Mizuho set a $190.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Saturday, November 25th. Finally, Barclays lifted their price objective on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $193.80.
Pioneer Natural Resources (NYSE:PXD) traded up $1.98 during midday trading on Wednesday, reaching $186.15. 1,360,000 shares of the company traded hands, compared to its average volume of 1,490,000. The stock has a market capitalization of $31,660.00, a price-to-earnings ratio of 255.00, a price-to-earnings-growth ratio of 4.72 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 debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a negative net margin of 1.46% and a negative return on equity of 0.87%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. sell-side analysts anticipate that Pioneer Natural Resources will post 1.61 earnings per share for the current fiscal year.
In other news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total value of $310,680.00. Following the completion of the transaction, the executive vice president now owns 22,964 shares of the company’s stock, valued at $3,963,586.40. The disclosure for this sale can be found here. Insiders have sold 42,916 shares of company stock valued at $6,976,992 in the last ninety days. Company insiders own 0.89% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in Pioneer Natural Resources by 1.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 51,365 shares of the oil and gas development company’s stock valued at $8,878,000 after acquiring an additional 768 shares during the period. Nexus Investment Management Inc. bought a new stake in Pioneer Natural Resources in the fourth quarter valued at $225,000. Trust Co grew its position in Pioneer Natural Resources by 39.1% in the third quarter. Trust Co now owns 2,350 shares of the oil and gas development company’s stock valued at $347,000 after acquiring an additional 660 shares during the period. Renaissance Investment Group LLC grew its position in Pioneer Natural Resources by 4.8% in the fourth quarter. Renaissance Investment Group LLC now owns 18,233 shares of the oil and gas development company’s stock valued at $3,152,000 after acquiring an additional 842 shares during the period. Finally, Washington Trust Bank grew its holdings in shares of Pioneer Natural Resources by 4.5% during the fourth quarter. Washington Trust Bank now owns 21,777 shares of the oil and gas development company’s stock worth $3,764,000 after purchasing an additional 938 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.
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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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