Pioneer Natural Resources Upgraded by Societe Generale to “Hold” (PXD)
Pioneer Natural Resources (NYSE:PXD) was upgraded by equities research analysts at Societe Generale from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at KLR Group upgraded shares of Pioneer Natural Resources from a “hold” rating to an “accumulate” rating in a research note on Wednesday. They now have a $258.00 price target on the stock, up previously from $254.00. Separately, analysts at Goldman Sachs raised their price target on shares of Pioneer Natural Resources to $266.00 in a research note on Tuesday. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $233.95.
Pioneer Natural Resources (NYSE:PXD) traded down 1.72% during mid-day trading on Wednesday, hitting $206.36. The stock had a trading volume of 2,052,772 shares. Pioneer Natural Resources has a 1-year low of $163.90 and a 1-year high of $234.60. The stock’s 50-day moving average is $225.4 and its 200-day moving average is $202.1. The company’s market cap is $29.509 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 $5.73 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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