Pioneer Natural Resources Rating Reiterated by Howard Weil (PXD)
Pioneer Natural Resources (NYSE:PXD)‘s stock had its “hold” rating reiterated by stock analysts at Howard Weil in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a $195.00 price objective on the stock. Howard Weil’s price target would indicate a potential downside of 0.24% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $197.00 to $220.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Societe Generale raised their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $123.00 to $144.00 in a research note to investors on Wednesday. They now have a “sell” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $174.48.
Pioneer Natural Resources (NYSE:PXD) opened at 195.47 on Thursday. Pioneer Natural Resources has a one year low of $99.75 and a one year high of $195.87. The stock’s 50-day moving average is $180.0 and its 200-day moving average is $150.5. The company has a market cap of $27.082 billion and a price-to-earnings ratio of 53.51.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly 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 previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $4.83 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 11th. Stockholders 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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