Pioneer Natural Resources Price Target Raised to $160.00 at Barclays (PXD)
Research analysts at Barclays increased their price objective on shares of Pioneer Natural Resources (NYSE:PXD) from $144.00 to $160.00 in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would indicate a potential downside of 2.90% from the company’s current price.
PXD has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Pioneer Natural Resources from a “conviction-buy” rating to a “buy” rating in a research note to investors on Monday, December 16th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Friday, December 13th. They now have a $188.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of Pioneer Natural Resources from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, December 3rd. They now have a $235.00 price target on the stock, up previously from $207.00. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $200.87.
Pioneer Natural Resources (NYSE:PXD) traded down 2.93% on Monday, hitting $164.78. 1,745,634 shares of the company’s stock traded hands. Pioneer Natural Resources has a 1-year low of $109.18 and a 1-year high of $227.42. The stock has a 50-day moving average of $180.4 and a 200-day moving average of $179.8. The company has a market cap of $22.850 billion and a price-to-earnings ratio of 41.41.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Tuesday, November 5th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.09. The company had revenue of $826.80 million for the quarter, compared to the consensus estimate of $960.28 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $4.60 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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