Pioneer Natural Resources Company (PXD) PT Set at $200.00 by BMO Capital Markets
Pioneer Natural Resources Company (NYSE:PXD) received a $200.00 price target from stock analysts at BMO Capital Markets in a research note issued on Tuesday. The firm currently has a “buy” rating on the oil and gas development company’s stock. BMO Capital Markets’ price objective points to a potential upside of 32.74% from the stock’s previous close.
Several other research analysts also recently commented on PXD. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Mizuho reaffirmed a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $201.28.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at 150.67 on Tuesday. The stock’s 50 day moving average is $138.68 and its 200-day moving average is $158.04. The firm has a market cap of $25.63 billion, a P/E ratio of 152.04 and a beta of 0.94. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) EPS. Equities analysts anticipate that Pioneer Natural Resources will post $1.11 earnings per share for the current fiscal year.
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In other news, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J Kenneth Thompson acquired 750 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,200 shares of company stock worth $161,102. 0.89% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at $100,000. Coconut Grove Bank boosted its stake in Pioneer Natural Resources by 103.7% in the 1st quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Pioneer Natural Resources by 6.2% in the 1st quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its stake in Pioneer Natural Resources by 20.8% in the 2nd quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock valued at $109,000 after buying an additional 125 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.
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