Pioneer Natural Resources Company (NYSE:PXD) received a $248.00 price objective from stock analysts at Stifel Nicolaus in a report released on Thursday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 64.06% from the stock’s current price.

PXD has been the subject of a number of other reports. BMO Capital Markets decreased their price target on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, July 14th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Jefferies Group LLC set a $171.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Cowen and Company reiterated a “buy” rating and issued a $210.00 price objective on shares of Pioneer Natural Resources in a report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average target price of $201.84.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down 0.93% during mid-day trading on Thursday, hitting $149.75. The stock had a trading volume of 492,105 shares. The stock has a market cap of $25.47 billion, a P/E ratio of 151.11 and a beta of 0.94. The company’s 50 day moving average price is $136.94 and its 200 day moving average price is $159.06. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company earned ($0.22) EPS. The firm’s revenue was up 107.4% on a year-over-year basis. Equities research analysts predict that Pioneer Natural Resources will post $1.12 EPS for the current fiscal year.

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In related news, Director Andrew F. Cates acquired 350 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were 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 of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Pioneer Natural Resources by 16.4% in the first quarter. Wellington Management Group LLP now owns 12,461,118 shares of the oil and gas development company’s stock valued at $1,753,777,000 after acquiring an additional 1,752,025 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pioneer Natural Resources by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after acquiring an additional 295,861 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of 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 valued at $2,118,708,000 after acquiring an additional 10,921,279 shares in the last quarter. State Street Corp boosted its holdings in shares of Pioneer Natural Resources by 6.4% in the fourth quarter. State Street Corp now owns 11,104,321 shares of the oil and gas development company’s stock valued at $1,999,544,000 after acquiring an additional 664,476 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Pioneer Natural Resources by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 9,158,677 shares of the oil and gas development company’s stock valued at $1,700,759,000 after acquiring an additional 166,270 shares in the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.

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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