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Stock analysts at Canaccord Genuity initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report issued on Tuesday, reports. The firm set a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at GMP Securities initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday, June 24th. They set a “buy” rating and a $286.00 price target on the stock. Separately, analysts at Global Hunter Securities downgraded shares of Pioneer Natural Resources from a “buy” rating to an “accumulate” rating in a research note on Tuesday, June 17th. They now have a $260.00 price target on the stock, up previously from $220.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Pioneer Natural Resources from $250.00 to $275.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Hold” and a consensus target price of $213.52.

In other Pioneer Natural Resources news, COO Timothy L. Dove unloaded 7,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $230.69, for a total value of $1,614,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 229.81 on Tuesday. Pioneer Natural Resources has a 52 week low of $146.19 and a 52 week high of $234.20. The stock’s 50-day moving average is $216.0 and its 200-day moving average is $193.6. The company’s market cap is $32.873 billion.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $5.63 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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