Wunderlich Increases Pioneer Natural Resources Price Target to $245.00 (PXD)
Analysts at Wunderlich hoisted their target price on shares of Pioneer Natural Resources (NYSE:PXD) from $220.00 to $245.00 in a research report issued to clients and investors on Tuesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price would suggest a potential upside of 11.28% from the stock’s previous close.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at 220.16 on Tuesday. Pioneer Natural Resources has a 52 week low of $99.75 and a 52 week high of $227.42. The stock has a 50-day moving average of $191.7 and a 200-day moving average of $157.9. The company has a market cap of $30.502 billion and a price-to-earnings ratio of 60.27.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of Pioneer Natural Resources from $170.00 to $180.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Pioneer Natural Resources from $175.00 to $210.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Pioneer Natural Resources from $135.00 to $144.00 in a research note to investors on Wednesday, October 16th. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $183.83.
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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