Pioneer Natural Resources PT Raised to $228.00 at SunTrust (PXD)
Analysts at SunTrust upped their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $218.00 to $228.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. SunTrust’s target price would indicate a potential upside of 13.24% from the stock’s previous close.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up 2.19% during mid-day trading on Friday, hitting $201.35. The stock had a trading volume of 2,351,314 shares. Pioneer Natural Resources has a 1-year low of $99.75 and a 1-year high of $197.84. The stock’s 50-day moving average is $180.8 and its 200-day moving average is $150.8. The company has a market cap of $27.896 billion and a price-to-earnings ratio of 53.94.
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 $4.83 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.04 per share. This represents a dividend yield of 0.05%. The ex-dividend date is Thursday, September 26th.
A number of other analysts have also recently weighed in on PXD. Analysts at Howard Weil reiterated a “hold” rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research note to investors on Thursday. They now have a $195.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $174.88.
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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