Pioneer Natural Resources (PXD) Rating Reiterated by BMO Capital Markets
Pioneer Natural Resources (NYSE:PXD)‘s stock had its “buy” rating restated by analysts at BMO Capital Markets in a research note issued on Thursday. They presently have a $225.00 price target on the oil and gas development company’s stock. BMO Capital Markets’ price target points to a potential upside of 22.17% from the stock’s previous close.
Several other research firms have also issued reports on PXD. Piper Jaffray Companies reissued a “buy” rating and set a $207.00 price objective on shares of Pioneer Natural Resources in a research note on Tuesday. ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada set a $201.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $193.80.
Pioneer Natural Resources (NYSE:PXD) traded up $5.47 during trading on Thursday, hitting $184.17. The stock had a trading volume of 2,629,263 shares, compared to its average volume of 1,858,449. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $31,330.00, a price-to-earnings ratio of 252.29, a P/E/G ratio of 4.72 and a beta of 0.97.
In other Pioneer Natural Resources news, SVP Mark H. Kleinman sold 2,582 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $158.37, for a total transaction of $408,911.34. Following the sale, the senior vice president now owns 12,861 shares in the company, valued at $2,036,796.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares in the company, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold 42,916 shares of company stock worth $6,976,992 in the last 90 days. Company insiders own 0.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates increased its holdings in shares of Pioneer Natural Resources by 2.5% in the third quarter. Jennison Associates now owns 379,970 shares of the oil and gas development company’s stock worth $46,220,000 after buying an additional 9,418 shares during the period. KBC Group increased its holdings in shares of Pioneer Natural Resources by 3.9% in the third quarter. KBC Group now owns 38,329 shares of the oil and gas development company’s stock worth $4,662,000 after buying an additional 1,444 shares during the period. TrimTabs Asset Management purchased a new position in shares of Pioneer Natural Resources in the third quarter worth about $2,256,000. Janus Capital Management increased its holdings in shares of Pioneer Natural Resources by 75.4% in the third quarter. Janus Capital Management now owns 34,366 shares of the oil and gas development company’s stock worth $4,181,000 after buying an additional 14,775 shares during the period. Finally, Verde Servico Internacionais purchased a new position in Pioneer Natural Resources during the 4th quarter valued at about $4,325,000. Institutional investors and hedge funds own 90.69% of the company’s stock.
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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.
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