Pioneer Natural Resources (NYSE:PXD) has been given a $225.00 price target by analysts at Cowen in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Cowen’s price objective points to a potential upside of 22.84% from the stock’s current price.
Several other equities research analysts also recently weighed in on PXD. Mizuho set a $202.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday. Susquehanna Bancshares reissued a “neutral” rating and issued a $207.00 target price on shares of Pioneer Natural Resources in a report on Wednesday. UBS Group downgraded Pioneer Natural Resources from a “positive” rating to a “neutral” rating in a report on Wednesday. Piper Jaffray Companies reissued a “buy” rating and issued a $207.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, January 9th. Finally, Williams Capital reduced their target price on Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $195.29.
Shares of Pioneer Natural Resources (PXD) traded down $1.21 during midday trading on Thursday, hitting $183.17. The company had a trading volume of 1,668,107 shares, compared to its average volume of 1,707,600. 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 has a 52-week low of $125.46 and a 52-week high of $199.83. The firm has a market capitalization of $31,160.00, a P/E ratio of 250.92, a PEG ratio of 4.40 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly 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. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. research analysts expect that Pioneer Natural Resources will post 1.64 EPS for the current year.
In other news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total value of $512,102.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the transaction, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,916 shares of company stock valued at $6,976,992. Company insiders own 0.89% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PXD. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources during the 2nd quarter worth about $100,000. WFG Advisors LP increased its position in Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Pioneer Natural Resources during the 3rd quarter worth about $176,000. Sun Life Financial INC increased its position in Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares in the last quarter. Finally, GeoSphere Capital Management purchased a new stake in Pioneer Natural Resources during the 2nd quarter worth about $199,000. Hedge funds and other institutional investors own 90.77% 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.