Pioneer Natural Resources Co. Hits New 52-Week High at $195.87 (PXD)
Pioneer Natural Resources (NYSE:PXD)’s share price reached a new 52-week high on Tuesday, American Banking News reports. The company traded as high as $195.87 and last traded at $194.08, with a volume of 910,297 shares traded. The stock had previously closed at $188.80.
PXD has been the subject of a number of recent research reports. Analysts at Howard Weil downgraded shares of Pioneer Natural Resources (NYSE:PXD) from a “sector outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, September 17th. They now have a $195.00 price target on the stock. Separately, analysts at Topeka Capital Markets downgraded shares of Pioneer Natural Resources (NYSE:PXD) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 16th. They now have a $195.00 price target on the stock, down previously from $200.00. Finally, analysts at Wunderlich initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a research note to investors on Friday, September 13th. They set a “buy” rating and a $197.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $171.58.
Pioneer Natural Resources has a one year low of $99.75 and a one year high of $190.15. The stock’s 50-day moving average is $178.8 and its 200-day moving average is $149.7. The company has a market cap of $26.942 billion and a price-to-earnings ratio of 51.68.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.13 by $0.03. The company had revenue of $845.10 million for the quarter, compared to the consensus estimate of $893.17 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $4.80 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 11th. Investors of record on Monday, September 30th will be given a dividend of $0.04 per share. This represents a yield of 0.05%. The ex-dividend date of this dividend is Thursday, September 26th.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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