Pioneer Natural Resources (PXD) Upgraded to Buy by Seaport Global Securities

Pioneer Natural Resources (NYSE:PXD) was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.

PXD has been the subject of a number of other reports. Morgan Stanley decreased their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Mizuho restated a “buy” rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, October 11th. Jefferies Group raised their price objective on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Barclays raised their price objective on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $191.55.

Pioneer Natural Resources (NYSE:PXD) opened at $159.31 on Tuesday. The firm has a market capitalization of $26,516.86, a PE ratio of 108.97, a P/E/G ratio of 9.86 and a beta of 0.97. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Zacks’ 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 analyst estimates of $1.15 billion. During the same period last year, the company posted $0.13 EPS. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. analysts expect that Pioneer Natural Resources will post 1.55 earnings per share for the current fiscal year.

In related news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $157.57, for a total value of $512,102.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total value of $279,414.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,392 shares of company stock valued at $4,036,997. 0.89% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cadence Capital Management LLC lifted its holdings in Pioneer Natural Resources by 0.5% in the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock worth $958,000 after purchasing an additional 30 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Pioneer Natural Resources by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock worth $1,277,000 after purchasing an additional 41 shares during the last quarter. FTB Advisors Inc. lifted its holdings in Pioneer Natural Resources by 1.7% in the 2nd quarter. FTB Advisors Inc. now owns 2,646 shares of the oil and gas development company’s stock worth $402,000 after purchasing an additional 43 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in Pioneer Natural Resources by 0.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 5,043 shares of the oil and gas development company’s stock worth $805,000 after purchasing an additional 43 shares during the last quarter. Finally, Intrust Bank NA lifted its holdings in Pioneer Natural Resources by 2.6% in the 2nd quarter. Intrust Bank NA now owns 1,683 shares of the oil and gas development company’s stock worth $269,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors 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.

The Fly

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)