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Investment analysts at Prime Executions reduced their target price on shares of Pioneer Natural Resources (NYSE:PXD) from $160.00 to $154.00 in a note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a “sell” rating on the stock. Prime Executions’ price objective points to a potential downside of 14.76% from the stock’s previous close.

Pioneer Natural Resources (NYSE:PXD) traded up 0.08% on Wednesday, hitting $180.80. 306,779 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’s 50-day moving average is $176.3 and its 200-day moving average is $183.8. The company’s market cap is $25.188 billion. Pioneer Natural Resources also was the target of some unusual options trading activity on Monday. Investors purchased 6,374 put options on the stock. This represents an increase of 279% compared to the typical volume of 1,680 put options.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, February 11th. The company reported $1.00 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.00. The company had revenue of $970.80 million for the quarter, compared to the consensus estimate of $908.89 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $4.99 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of Pioneer Natural Resources from $225.00 to $210.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Tuesday. Finally, analysts at Cowen and Company initiated coverage on shares of Pioneer Natural Resources in a research note on Monday, January 27th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $203.43.

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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