Pioneer Natural Resources Given New $220.00 Price Target at Raymond James (PXD)
Equities researchers at Raymond James hoisted their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $200.00 to $220.00 in a research report issued on Monday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 12.81% from the stock’s previous close.
A number of other firms have also recently commented on PXD. Analysts at SunTrust raised their price target on shares of Pioneer Natural Resources from $218.00 to $228.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at Howard Weil reiterated a “hold” rating on shares of Pioneer Natural Resources in a research note to investors on Thursday, October 3rd. They now have a $195.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Pioneer Natural Resources from $197.00 to $220.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $177.76.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up 0.01% during mid-day trading on Monday, hitting $195.01. 962,870 shares of the company’s stock traded hands. Pioneer Natural Resources has a 1-year low of $99.75 and a 1-year high of $202.81. The stock’s 50-day moving average is $185.3 and its 200-day moving average is $153.9. The company has a market cap of $27.018 billion and a P/E ratio of 53.38.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the analysts’ 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 $4.82 earnings per share for the current fiscal year.
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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