Pioneer Natural Resources Company (NYSE:PXD) has been assigned an average recommendation of “Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $200.06.

Several equities analysts have recently weighed in on PXD shares. BidaskClub downgraded Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $233.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Pioneer Natural Resources in a research report on Friday, July 7th. Finally, BMO Capital Markets cut their price objective on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, July 14th.

In related news, VP Teresa A. Fairbrook sold 880 shares of the company’s 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 sale, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew F. Cates acquired 350 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,200 shares of company stock valued at $161,102 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Financial Services Inc lifted its stake in shares of Pioneer Natural Resources by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock worth $293,000 after purchasing an additional 7 shares during the last quarter. Level Four Advisory Services LLC lifted its stake in shares of Pioneer Natural Resources by 0.5% during the 1st quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock worth $518,000 after purchasing an additional 13 shares during the last quarter. Atlantic Trust LLC lifted its stake in shares of Pioneer Natural Resources by 1.0% during the 1st quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock worth $364,000 after purchasing an additional 20 shares during the last quarter. Cadence Capital Management LLC lifted its stake in shares of Pioneer Natural Resources by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock worth $958,000 after purchasing an additional 30 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Pioneer Natural Resources by 2.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock worth $250,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Pioneer Natural Resources Company (PXD) Given Average Rating of “Buy” by Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/12/pioneer-natural-resources-company-pxd-given-average-rating-of-buy-by-brokerages.html.

Pioneer Natural Resources (NYSE PXD) traded down 1.86% on Thursday, hitting $146.24. 2,473,130 shares of the company traded hands. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The firm’s 50 day moving average price is $139.28 and its 200 day moving average price is $157.98. The firm has a market capitalization of $24.87 billion, a PE ratio of 147.57 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) EPS. Equities research analysts predict that Pioneer Natural Resources will post $1.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 8.16%.

Pioneer Natural Resources Company Profile

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)

Receive News & Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related companies with MarketBeat.com's FREE daily email newsletter.