Pioneer Natural Resources Given New $266.00 Price Target at Goldman Sachs (PXD)
Stock analysts at Goldman Sachs raised their price target on shares of Pioneer Natural Resources (NYSE:PXD) to $266.00 in a report issued on Tuesday. Goldman Sachs’ price target would indicate a potential upside of 19.60% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Bank of America raised their price target on shares of Pioneer Natural Resources from $280.00 to $300.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Pioneer Natural Resources in a research note on Friday, July 18th. They now have a $233.00 price target on the stock, up previously from $209.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of Pioneer Natural Resources from $210.00 to $230.00 in a research note on Friday, July 18th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $227.65.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down 5.73% during mid-day trading on Tuesday, hitting $209.66. The stock had a trading volume of 2,604,166 shares. Pioneer Natural Resources has a 52 week low of $163.90 and a 52 week high of $234.60. The stock’s 50-day moving average is $226.4 and its 200-day moving average is $201.8. The company’s market cap is $29.991 billion.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Monday, August 4th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.07. The company had revenue of $953.00 million for the quarter, compared to the consensus estimate of $964.05 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was down 17.8% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $5.82 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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