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Pioneer Natural Resources (NYSE:PXD) was upgraded by stock analysts at KLR Group from a “hold” rating to an “accumulate” rating in a report issued on Wednesday, reports. The firm currently has a $258.00 target price on the stock, up from their previous target price of $254.00. KLR Group’s price target points to a potential upside of 25.02% from the company’s current price.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down 1.72% during mid-day trading on Wednesday, hitting $206.36. 2,052,772 shares of the company’s stock traded hands. Pioneer Natural Resources has a 52 week low of $163.90 and a 52 week high of $234.60. The stock has a 50-day moving average of $225.4 and a 200-day moving average of $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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs raised their price target on shares of Pioneer Natural Resources to $266.00 in a research note on Tuesday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $233.95.

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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