Pioneer Natural Resources Company (NYSE:PXD) had its price objective lifted by equities researchers at Barclays PLC from $136.00 to $147.00 in a research report issued on Wednesday, Marketbeat reports. The firm presently has an “overweight” rating on the oil and gas development company’s stock. Barclays PLC’s price target indicates a potential downside of 1.35% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. BidaskClub cut Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Jefferies Group LLC set a $171.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets reduced their price objective on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. Finally, Citigroup Inc. reduced their price objective on Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $200.16.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down 1.10% during mid-day trading on Wednesday, hitting $149.01. 1,681,017 shares of the stock were exchanged. The firm has a market cap of $25.35 billion, a P/E ratio of 150.36 and a beta of 0.94. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The stock’s 50 day moving average is $139.28 and its 200 day moving average is $157.98.

Pioneer Natural Resources (NYSE:PXD) last released 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. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted ($0.22) earnings per share. The firm’s revenue was up 107.4% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources will post $1.11 EPS for the current fiscal year.

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In other news, Director Andrew F. Cates purchased 350 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, 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 the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Insiders bought 1,200 shares of company stock worth $161,102 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 worth $1,934,718,000 after acquiring an additional 295,861 shares during the last quarter. BlackRock Inc. boosted its stake 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 worth $2,118,708,000 after acquiring an additional 10,921,279 shares during the last quarter. FMR LLC boosted its stake in shares of Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock worth $1,568,894,000 after acquiring an additional 1,304,274 shares during the last quarter. Capital World Investors boosted its stake in shares of Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after acquiring an additional 2,500,000 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in shares of Pioneer Natural Resources by 10.7% in the second quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock worth $483,364,000 after acquiring an additional 292,612 shares during the last quarter. 91.57% 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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