Pioneer Natural Resources (NYSE:PXD) has been given a $195.00 price target by stock analysts at KeyCorp in a research report issued on Sunday. The firm currently has a “buy” rating on the oil and gas development company’s stock. KeyCorp’s price target points to a potential upside of 6.46% from the stock’s current price.
Several other equities analysts also recently issued reports on PXD. Mizuho set a $202.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Susquehanna Bancshares reiterated a “neutral” rating and set a $207.00 price objective on shares of Pioneer Natural Resources in a research report on Wednesday, January 17th. UBS Group downgraded Pioneer Natural Resources from a “positive” rating to a “neutral” rating in a research report on Wednesday, January 17th. Cowen set a $225.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday. Finally, Williams Capital cut their target price on Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, October 18th. Two 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’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus price target of $195.84.
Pioneer Natural Resources (PXD) traded down $1.21 during trading hours on Friday, hitting $183.17. The stock had a trading volume of 1,668,100 shares, compared to its average volume of 1,707,600. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The company has a market capitalization of $31,570.00, a price-to-earnings ratio of 250.92, a PEG ratio of 4.37 and a beta of 0.97. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. sell-side analysts forecast that Pioneer Natural Resources will post 1.65 EPS for the current fiscal year.
In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total transaction of $310,680.00. Following the sale, the executive vice president now directly owns 22,964 shares of the company’s stock, valued at approximately $3,963,586.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Larry R. Grillot sold 200 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $159.35, for a total transaction of $31,870.00. Following the sale, the director now directly owns 7,097 shares in the company, valued at $1,130,906.95. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock valued at $6,976,992 in the last quarter. Insiders own 0.89% of the company’s stock.
A number of large investors have recently made changes to their positions in PXD. PNC Financial Services Group Inc. raised its stake in Pioneer Natural Resources by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 30,709 shares of the oil and gas development company’s stock valued at $4,902,000 after purchasing an additional 125 shares during the period. Mutual of America Capital Management LLC raised its stake in Pioneer Natural Resources by 3.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 20,664 shares of the oil and gas development company’s stock valued at $3,298,000 after purchasing an additional 650 shares during the period. Suntrust Banks Inc. raised its stake in Pioneer Natural Resources by 15.4% during the 2nd quarter. Suntrust Banks Inc. now owns 9,591 shares of the oil and gas development company’s stock valued at $1,529,000 after purchasing an additional 1,283 shares during the period. Nordea Investment Management AB raised its stake in Pioneer Natural Resources by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock valued at $1,277,000 after purchasing an additional 41 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Pioneer Natural Resources by 28.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 413,036 shares of the oil and gas development company’s stock valued at $65,912,000 after purchasing an additional 90,870 shares during the period. 90.81% of the stock is currently owned by institutional investors.
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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.