Pioneer Natural Resources Company (PXD) Given a $136.00 Price Target at Barclays PLC
Pioneer Natural Resources Company (NYSE:PXD) has been assigned a $136.00 price objective by investment analysts at Barclays PLC in a report released on Friday. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. Barclays PLC’s price objective would indicate a potential upside of 0.49% from the company’s previous close.
Several other equities analysts have also weighed in on the stock. Williams Capital set a $200.00 price objective on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reissued an “overweight” rating and issued a $246.00 price objective (up from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, Zacks Investment Research lowered shares of Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $214.19.
Pioneer Natural Resources (PXD) opened at 135.34 on Friday. The company has a market cap of $23.02 billion, a P/E ratio of 136.57 and a beta of 0.91. Pioneer Natural Resources has a one year low of $130.38 and a one year high of $199.83. The company has a 50-day moving average of $160.01 and a 200 day moving average of $175.21.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.22) earnings per share. Equities research analysts predict that Pioneer Natural Resources will post $1.13 EPS for the current year.
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In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. CWM LLC increased its position in Pioneer Natural Resources by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock worth $1,386,000 after buying an additional 432 shares in the last quarter. Independence Advisors LLC purchased a new position in Pioneer Natural Resources during the second quarter worth about $822,000. Capital Advisors Inc. OK purchased a new position in Pioneer Natural Resources during the first quarter worth about $660,000. Murphy Capital Management Inc. increased its position in Pioneer Natural Resources by 4.5% in the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after buying an additional 4,980 shares in the last quarter. Finally, BlackRock Inc. increased its position in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. 92.62% of the stock is currently owned by hedge funds and other institutional investors.
About Pioneer Natural Resources
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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