Pioneer Natural Resources PT Raised to $251.00 (PXD)
Equities researchers at SunTrust raised their price objective on shares of Pioneer Natural Resources (NYSE:PXD) from $228.00 to $251.00 in a research report issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. SunTrust’s price target would indicate a potential upside of 19.09% from the stock’s previous close.
A number of other firms have also recently commented on PXD. Analysts at Wunderlich raised their price target on shares of Pioneer Natural Resources from $220.00 to $245.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $184.79.
Pioneer Natural Resources (NYSE:PXD) opened at 210.77 on Friday. Pioneer Natural Resources has a one year low of $95.94 and a one year high of $190.15. The stock’s 50-day moving average is $173.5 and its 200-day moving average is $144.6. The company has a market cap of $29.201 billion and a P/E ratio of 57.45.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data 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. On average, analysts predict that Pioneer Natural Resources will post $4.94 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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