Pioneer Natural Resources Company (NYSE:PXD)‘s stock had its “buy” rating reissued by research analysts at Cowen and Company in a report issued on Sunday. They currently have a $210.00 price target on the oil and gas development company’s stock. Cowen and Company’s price target would indicate a potential upside of 53.36% from the stock’s current price.

Several other research firms have also issued reports on PXD. Credit Suisse Group restated an “outperform” rating and set a $236.00 price target on shares of Pioneer Natural Resources in a research report on Friday, June 2nd. Wells Fargo & Company cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $204.40.

Pioneer Natural Resources (PXD) opened at 136.93 on Friday. The company has a 50 day moving average price of $134.84 and a 200-day moving average price of $163.19. The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 138.17 and a beta of 0.94. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned ($0.22) EPS. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. On average, analysts forecast that Pioneer Natural Resources will post $1.12 EPS for the current fiscal year.

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In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew F. Cates acquired 350 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $135.37 per share, with a total value of $47,379.50. Following the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired 1,200 shares of company stock valued at $161,102 in the last quarter. 0.89% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of PXD. UBS Asset Management Americas Inc. increased its holdings in shares of Pioneer Natural Resources by 9.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock worth $83,400,000 after purchasing an additional 37,839 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Pioneer Natural Resources by 112.9% in the 1st quarter. Meadow Creek Investment Management LLC now owns 10,642 shares of the oil and gas development company’s stock worth $1,982,000 after purchasing an additional 5,644 shares in the last quarter. Intrust Bank NA bought a new stake in shares of Pioneer Natural Resources in the 1st quarter worth $305,000. Teza Capital Management LLC increased its holdings in shares of Pioneer Natural Resources by 219.8% in the 1st quarter. Teza Capital Management LLC now owns 3,614 shares of the oil and gas development company’s stock worth $673,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Pioneer Natural Resources in the 1st quarter worth $10,927,000. 91.58% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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