Raymond James Increases Pioneer Natural Resources Price Target to $225.00 (PXD)
Stock analysts at Raymond James raised their price objective on shares of Pioneer Natural Resources (NYSE:PXD) from $220.00 to $225.00 in a report issued on Monday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 8.76% from the company’s current price.
Pioneer Natural Resources (NYSE:PXD) traded down 1.85% on Monday, hitting $206.87. 1,176,594 shares of the company’s stock traded hands. Pioneer Natural Resources has a 1-year low of $95.94 and a 1-year high of $190.15. The stock has a 50-day moving average of $173.5 and a 200-day moving average of $144.6. The company has a market cap of $28.661 billion and a P/E ratio of 57.70.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly 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 last year, the company posted $0.78 earnings per share. Pioneer Natural Resources’s revenue was up 31.7% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources will post $4.93 earnings per share for the current fiscal year.
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 $228.00 to $251.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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, October 22nd. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $185.00.
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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