Pioneer Natural Resources Company (PXD) Given a $214.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources Company (NYSE:PXD) in a research note issued to investors on Tuesday, August 8th. The brokerage currently has a buy rating on the oil and gas development company’s stock.

Several other research analysts have also recently weighed in on PXD. Scotiabank set a $210.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, June 17th. Stifel Nicolaus restated a buy rating and issued a $268.00 price target on shares of Pioneer Natural Resources in a research note on Friday, July 14th. Wells Fargo & Company cut Pioneer Natural Resources from an outperform rating to a market perform rating and decreased their price target for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Finally, Williams Capital set a $184.00 price objective on Pioneer Natural Resources and gave the stock a hold rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $210.75.

Shares of Pioneer Natural Resources (NYSE PXD) opened at 131.95 on Tuesday. Pioneer Natural Resources has a one year low of $128.50 and a one year high of $199.83. The company has a market cap of $22.44 billion, a P/E ratio of 133.15 and a beta of 0.91. The company’s 50-day moving average price is $151.24 and its 200 day moving average price is $170.96.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The company’s revenue was up 107.4% on a year-over-year basis. On average, equities research analysts anticipate that Pioneer Natural Resources will post $1.17 earnings per share for the current year.

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In other news, Director J Kenneth Thompson bought 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew F. Cates bought 350 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders bought 1,200 shares of company stock worth $161,102 over the last 90 days. Company insiders own 0.92% of the company’s stock.

Several large investors have recently bought and sold shares of PXD. Coconut Grove Bank increased its stake 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 in the last quarter. Winch Advisory Services LLC purchased a new stake in Pioneer Natural Resources during the first quarter worth approximately $112,000. Quadrant Capital Group LLC increased its stake 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 in the last quarter. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources during the second quarter worth approximately $100,000. Finally, Commonwealth Bank of Australia increased 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 worth $108,000 after buying an additional 67 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

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.

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