Stifel Nicolaus Increases Pioneer Natural Resources Price Target to $250.00 (PXD)
Investment analysts at Stifel Nicolaus lifted their price objective on shares of Pioneer Natural Resources (NYSE:PXD) from $210.00 to $250.00 in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 24.36% from the company’s current price.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at 201.03 on Wednesday. Pioneer Natural Resources has a 52 week low of $136.69 and a 52 week high of $227.42. The stock has a 50-day moving average of $192. and a 200-day moving average of $187.5. The company’s market cap is $28.747 billion.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.19. The company had revenue of $963.00 million for the quarter, compared to the consensus estimate of $867.70 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $5.38 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Pioneer Natural Resources from $169.00 to $190.00 in a research note on Wednesday, April 23rd. Separately, analysts at Howard Weil upgraded shares of Pioneer Natural Resources from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $212.00 price target on the stock, up previously from $206.00. Finally, analysts at SunTrust raised their price target on shares of Pioneer Natural Resources from $229.00 to $236.00 in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $207.38.
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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