Shares of Pioneer Natural Resources (NYSE:PXD) have received a consensus recommendation of “Buy” from the twenty-six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $177.82.
Several equities research analysts have recently weighed in on PXD shares. Wells Fargo & Co decreased their price target on Pioneer Natural Resources from $197.00 to $188.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Scotiabank assumed coverage on shares of Pioneer Natural Resources in a research report on Tuesday, November 12th. They issued a “sector perform” rating and a $154.00 price objective on the stock. KeyCorp upped their price objective on shares of Pioneer Natural Resources from $168.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Robert W. Baird upped their price objective on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Citigroup restated a “buy” rating and issued a $175.00 price objective (up from $173.00) on shares of Pioneer Natural Resources in a research report on Wednesday, November 13th.
In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $133.90, for a total value of $267,800.00. Also, EVP Jerome D. Hall, Jr. sold 1,750 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $144.26, for a total value of $252,455.00. Following the completion of the transaction, the executive vice president now owns 39,885 shares of the company’s stock, valued at approximately $5,753,810.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,323 shares of company stock valued at $1,173,258. Insiders own 0.91% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of PXD. Allred Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $37,000. Parallax Volatility Advisers L.P. increased its holdings in shares of Pioneer Natural Resources by 1,606.7% in the second quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after purchasing an additional 241 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $53,000. Venturi Wealth Management LLC acquired a new stake in shares of Pioneer Natural Resources in the third quarter valued at approximately $53,000. Finally, Captrust Financial Advisors increased its holdings in shares of Pioneer Natural Resources by 36.7% in the second quarter. Captrust Financial Advisors now owns 656 shares of the oil and gas development company’s stock valued at $101,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.
Pioneer Natural Resources stock traded up $1.05 during midday trading on Thursday, reaching $147.57. The stock had a trading volume of 49,290 shares, compared to its average volume of 1,365,483. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The firm’s 50-day moving average price is $143.53 and its 200 day moving average price is $134.58. The firm has a market capitalization of $24.31 billion, a PE ratio of 23.39, a P/E/G ratio of 0.94 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.17.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $2.07 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. Equities research analysts expect that Pioneer Natural Resources will post 8.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 27.89%.
About Pioneer Natural Resources
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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.
Featured Article: Inverted Yield Curve
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.