Pioneer Natural Resources Company (NYSE:PXD)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks, Inc. in a report released on Friday. They presently have a $180.00 price target on the oil and gas development company’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 19.77% from the company’s previous close.

PXD has been the subject of several other research reports. Williams Capital set a $184.00 target price on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Morgan Stanley lowered their price objective on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Mizuho reissued a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average price target of $193.62.

Pioneer Natural Resources (PXD) opened at $150.29 on Friday. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 103.36, a PEG ratio of 11.79 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.84 and a debt-to-equity ratio of 0.22.

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

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In other news, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew F. Cates bought 350 shares of the business’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 in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Large investors have recently bought and sold shares of the stock. GWM Advisors LLC purchased a new position in Pioneer Natural Resources in the 2nd quarter valued at $100,000. Coconut Grove Bank grew its position 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 during the last quarter. Quadrant Capital Group LLC grew its position 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 during the last quarter. Commonwealth Bank of Australia grew its position 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 during the last quarter. Finally, Hudock Capital Group LLC grew its position 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 during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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)

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