Jefferies Group Analysts Give Pioneer Natural Resources (PXD) a $192.00 Price Target

Pioneer Natural Resources (NYSE:PXD) has been assigned a $192.00 price target by research analysts at Jefferies Group in a research note issued on Wednesday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group’s price target points to a potential upside of 14.83% from the stock’s current price.

PXD has been the topic of several other research reports. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Wednesday, October 11th. Barclays lifted their price objective on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Cowen reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. Mizuho reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Finally, BMO Capital Markets set a $200.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $191.63.

Pioneer Natural Resources (PXD) opened at $167.20 on Wednesday. The stock has a market cap of $27,260.48, a P/E ratio of 112.03, a PEG ratio of 10.09 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 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.

Pioneer Natural Resources (NYSE:PXD) last announced 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 company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. research analysts expect that Pioneer Natural Resources will post 1.55 earnings per share for the current fiscal year.

In other Pioneer Natural Resources news, Chairman Scott D. Sheffield sold 5,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total value of $805,700.00. Following the completion of the sale, the chairman now directly owns 585,466 shares in the company, valued at $94,341,991.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the completion of the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold 27,392 shares of company stock worth $4,356,997 over the last ninety days. 0.89% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PXD. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources in the second quarter valued at approximately $100,000. Commonwealth Bank of Australia lifted its stake in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources in the second quarter valued at approximately $120,000. WFG Advisors LP lifted its stake in Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Pioneer Natural Resources in the third quarter valued at approximately $176,000. 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)