Pioneer Natural Resources Company (NYSE:PXD) has been assigned an average rating of “Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $194.69.

A number of brokerages have issued reports on PXD. Mizuho restated a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday. Royal Bank Of Canada restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, August 4th. Stifel Nicolaus set a $236.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Capital One Financial Corporation restated an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $214.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th.

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Shares of Pioneer Natural Resources (NYSE:PXD) traded up $8.51 on Monday, reaching $158.80. 2,253,696 shares of the company were exchanged, compared to its average volume of 1,890,981. The firm has a market cap of $25,574.14, a price-to-earnings ratio of 105.10, a price-to-earnings-growth ratio of 11.73 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.13 EPS. Pioneer Natural Resources’s quarterly revenue was up 23.1% on a year-over-year basis. equities research analysts predict that Pioneer Natural Resources will post 1.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is 11.11%.

In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the firm’s 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 completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders acquired 1,200 shares of company stock valued at $161,102 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank grew its holdings in shares of Pioneer Natural Resources by 2.1% during the third quarter. Comerica Bank now owns 56,202 shares of the oil and gas development company’s stock valued at $8,221,000 after buying an additional 1,168 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Pioneer Natural Resources by 1.6% during the third quarter. Rhumbline Advisers now owns 307,066 shares of the oil and gas development company’s stock valued at $45,305,000 after buying an additional 4,694 shares during the last quarter. Parkside Investments LLC acquired a new position in shares of Pioneer Natural Resources during the third quarter valued at about $398,000. Toronto Dominion Bank grew its holdings in shares of Pioneer Natural Resources by 11.3% during the third quarter. Toronto Dominion Bank now owns 67,959 shares of the oil and gas development company’s stock valued at $10,027,000 after buying an additional 6,904 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in shares of Pioneer Natural Resources by 81.4% during the third quarter. CI Investments Inc. now owns 471,411 shares of the oil and gas development company’s stock valued at $69,552,000 after buying an additional 211,555 shares during the last quarter. Hedge funds and other institutional investors own 91.91% 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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