Cowen and Company Initiates Coverage on Pioneer Natural Resources (PXD)
Research analysts at Cowen and Company started coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report released on Monday, Stock Ratings Network reports. The firm set a “market perform” rating on the stock.
A number of other firms have also recently commented on PXD. Analysts at Stifel Nicolaus upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 17th. They now have a $210.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Pioneer Natural Resources from $144.00 to $160.00 in a research note to investors on Monday, January 13th. They now have an “equal weight” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $201.25.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down 0.85% on Monday, hitting $171.27. The stock had a trading volume of 1,739,182 shares. Pioneer Natural Resources has a one year low of $109.18 and a one year high of $227.42. The stock has a 50-day moving average of $178.5 and a 200-day moving average of $181.5. The company has a market cap of $23.749 billion and a price-to-earnings ratio of 42.14.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Tuesday, November 5th. The company reported $1.26 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $4.56 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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