Robert W. Baird Initiates Coverage on Pioneer Natural Resources (PXD)
Research analysts at Robert W. Baird initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
PXD has been the subject of a number of other recent research reports. Analysts at SunTrust reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note to investors on Tuesday. They now have a $228.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Pioneer Natural Resources from $196.00 to $206.00 in a research note to investors on Tuesday. Finally, analysts at Raymond James raised their price target on shares of Pioneer Natural Resources from $200.00 to $220.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average target price of $179.29.
Pioneer Natural Resources (NYSE:PXD) opened at 199.72 on Wednesday. Pioneer Natural Resources has a 1-year low of $99.75 and a 1-year high of $202.81. The stock has a 50-day moving average of $186.7 and a 200-day moving average of $155.. The company has a market cap of $27.670 billion and a price-to-earnings ratio of 54.67.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results 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. Analysts expect that Pioneer Natural Resources will post $4.82 EPS 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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