Pioneer Natural Resources Company (NYSE:PXD) had its price objective boosted by equities researchers at Sanford C. Bernstein from $173.00 to $187.00 in a report released on Friday. The brokerage currently has an “outperform” rating on the oil and gas development company’s stock. Sanford C. Bernstein’s price target would suggest a potential upside of 24.43% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC raised their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, August 4th. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $194.21.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down $3.68 during trading on Friday, reaching $150.29. The company’s stock had a trading volume of 2,152,007 shares, compared to its average volume of 1,844,161. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.84 and a current ratio of 1.69. The firm has a market cap of $25.14 billion, a price-to-earnings ratio of 103.36, a P/E/G ratio of 11.79 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 23.1% on a year-over-year basis. analysts expect that Pioneer Natural Resources will post 1.23 earnings per share for the current fiscal year.

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In other news, Director Andrew F. Cates purchased 350 shares of the business’s 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 owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders acquired 1,200 shares of company stock worth $161,102. Company insiders own 0.89% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Prospera Financial Services Inc boosted its stake in shares of Pioneer Natural Resources by 0.4% during the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after purchasing an additional 7 shares in the last quarter. Atlantic Trust LLC boosted its stake in shares of Pioneer Natural Resources by 1.0% during the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock valued at $364,000 after purchasing an additional 20 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 0.5% during the second quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after purchasing an additional 30 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Pioneer Natural Resources by 2.6% during the second quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock valued at $250,000 after purchasing an additional 40 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Pioneer Natural Resources by 0.5% during the second quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock valued at $1,277,000 after purchasing an additional 41 shares in the last quarter. 91.82% 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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