Pioneer Natural Resources Company (PXD) Receives Consensus Recommendation of “Buy” from Analysts

Pioneer Natural Resources Company (NYSE:PXD) has been assigned a consensus rating of “Buy” from the twenty-seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $194.20.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Friday, November 10th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Barclays boosted their price target on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, Stifel Nicolaus set a $248.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th.

Pioneer Natural Resources (NYSE PXD) traded up $1.12 during midday trading on Friday, reaching $157.16. 1,634,998 shares of the company’s stock traded hands, compared to its average volume of 1,853,027. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The firm has a market cap of $26,730.00, a PE ratio of 105.66, a PEG ratio of 9.65 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the 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 company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. sell-side analysts predict that Pioneer Natural Resources will post 1.53 earnings per share for the current year.

In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the business’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 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 link. Also, CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the transaction, the chief executive officer now directly owns 260,083 shares in the company, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders sold a total of 18,490 shares of company stock worth $2,926,897 over the last three months. 0.89% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of PXD. Capital World Investors grew its stake in shares of Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after purchasing an additional 2,500,000 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Pioneer Natural Resources by 706.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after purchasing an additional 1,757,576 shares during the period. Boston Partners grew its stake in shares of Pioneer Natural Resources by 48.5% during the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after purchasing an additional 716,266 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Pioneer Natural Resources by 2,357.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after purchasing an additional 709,663 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Pioneer Natural Resources by 1,138.7% during the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock worth $92,095,000 after purchasing an additional 530,517 shares during the period. 90.94% of the stock is currently owned by institutional investors and hedge funds.

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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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