Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources Company (NYSE:PXD) in a report published on Tuesday. The firm currently has a buy rating on the oil and gas development company’s stock.
A number of other research analysts also recently issued reports on the company. Barclays PLC reiterated a buy rating and set a $196.00 price objective (down from $204.00) on shares of Pioneer Natural Resources in a report on Thursday, April 20th. Williams Capital set a $200.00 price target on Pioneer Natural Resources and gave the company a hold rating in a research report on Thursday, May 4th. Piper Jaffray Companies reissued an overweight rating and set a $246.00 price target (up from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. Credit Suisse Group reissued a buy rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. Finally, BidaskClub cut Pioneer Natural Resources from a sell rating to a strong sell rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the stock. Pioneer Natural Resources presently has a consensus rating of Buy and a consensus price target of $211.90.
Shares of Pioneer Natural Resources (PXD) opened at 134.02 on Tuesday. Pioneer Natural Resources has a one year low of $128.50 and a one year high of $199.83. The stock’s 50 day moving average price is $154.62 and its 200 day moving average price is $172.69. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 135.24 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. Pioneer Natural Resources’s quarterly revenue was up 107.4% on a year-over-year basis. During the same period last year, the company earned ($0.22) earnings per share. Analysts expect that Pioneer Natural Resources will post $1.13 EPS for the current fiscal year.
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In related news, EVP Chris J. Cheatwood sold 5,749 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PXD. Coconut Grove Bank raised its position in Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the period. Quadrant Capital Group LLC raised its position in Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 36 shares during the period. Commonwealth Bank of Australia raised its position 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 worth $108,000 after buying an additional 67 shares during the period. Winch Advisory Services LLC bought a new position in Pioneer Natural Resources during the first quarter worth approximately $112,000. Finally, BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the second quarter worth approximately $120,000. 92.62% of the stock is owned by institutional investors and hedge funds.
About Pioneer Natural Resources
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.
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