Pioneer Natural Resources (PXD) – Research Analysts’ Weekly Ratings Updates

Pioneer Natural Resources (NYSE: PXD) recently received a number of ratings updates from brokerages and research firms:

  • 10/21/2017 – Pioneer Natural Resources was given a new $180.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/18/2017 – Pioneer Natural Resources had its price target lowered by analysts at Williams Capital from $165.00 to $162.00. They now have a “hold” rating on the stock.
  • 10/18/2017 – Pioneer Natural Resources had its price target lowered by analysts at Morgan Stanley from $202.00 to $197.00. They now have an “overweight” rating on the stock.
  • 10/16/2017 – Pioneer Natural Resources was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating. They now have a $143.78 price target on the stock.
  • 10/15/2017 – Pioneer Natural Resources was given a new $201.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 10/12/2017 – Pioneer Natural Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pioneer remains focused on the Permian Basin, which is among the lucrative oil shale plays with less risk for operation. The region has been growing production even with reduced investment. The company’s low level of debt is also noteworthy. The company has an encouraging earnings surprise history. The oil & gas exploration and production firm was able to beat the Zacks Consensus Estimate in three of the last four quarters with an average positive earnings surprise of 46.74%.  However, we are concerned about the high exploration expenses incurred during the second quarter of this year. Also, we see limited upside potential for shares, taking into consideration Pioneer’s sensitivity to gas/oil price volatility, as well as its drilling results, costs, geo-political risks and project timing delays.”
  • 10/11/2017 – Pioneer Natural Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $169.00 price target on the stock. According to Zacks, “Pioneer remains focused on the Permian Basin, which is among the lucrative oil shale plays with less risk for operation. The region has been growing production even with reduced investment. It is to be noted that for 2017, Pioneer expects production growth between 15% and 18%. The company’s low level of debt is also noteworthy. Since 2016, there has been a steady decline in the company’s long-term debt levels, reflecting strong balance sheet. Pioneer Natural Resources has an encouraging earnings surprise history despite persistent weak commodity prices. The oil & gas exploration and production firm was able to beat the Zacks Consensus Estimate in three of the last four quarters with an average positive earnings surprise of 46.74%.”
  • 10/11/2017 – Pioneer Natural Resources had its price target raised by analysts at Barclays PLC from $136.00 to $147.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $180.00 price target on the stock.
  • 10/10/2017 – Pioneer Natural Resources was given a new $200.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/5/2017 – Pioneer Natural Resources was given a new $248.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 9/29/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $196.00 price target on the stock.
  • 9/18/2017 – Pioneer Natural Resources had its price target lowered by analysts at Piper Jaffray Companies from $229.00 to $185.00. They now have an “overweight” rating on the stock.
  • 9/17/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $210.00 price target on the stock.

Pioneer Natural Resources Company (PXD) opened at 149.67 on Wednesday. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The company’s 50-day moving average is $144.80 and its 200 day moving average is $153.74. The company has a market capitalization of $25.46 billion, a P/E ratio of 151.03 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last released 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 Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.22) earnings per share. Pioneer Natural Resources’s revenue was up 107.4% compared to the same quarter last year. On average, equities analysts anticipate that Pioneer Natural Resources Company will post $1.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s payout ratio is currently 8.16%.

In related news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew F. Cates acquired 350 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $135.37 per share, with a total value of $47,379.50. Following the completion of the transaction, the director now 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. Over the last 90 days, insiders have purchased 1,200 shares of company stock valued at $161,102. 0.89% of the stock is owned by company insiders.

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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