Analysts’ Recent Ratings Updates for Pioneer Natural Resources (PXD)

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

  • 12/11/2017 – Pioneer Natural Resources is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $192.00 price target on the stock.
  • 12/4/2017 – 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. Pioneer has strong earnings surprise history as reflected that the company managed to beat the Zacks Consensus Estimate in all the prior four quarters with an average positive surprise of 67.6%. Moreover, we appreciate the excellent financial health of the company. Pioneer Natural has debt to capitalization ratio of 21.2% which is much lower than 49.7% for the broader industry. However, we are concerned about the company’s expectation of higher exploration expenses during fourth-quarter 2017. Also, over the prior six months, the upstream energy player fell 5%, significantly underperforming the industry’s 6.6% gain.        “
  • 11/25/2017 – 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.
  • 11/25/2017 – Pioneer Natural Resources was given a new $190.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 11/20/2017 – Pioneer Natural Resources had its price target raised by analysts at Barclays PLC from $147.00 to $156.00. They now have an “overweight” rating on the stock.
  • 11/10/2017 – Pioneer Natural Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $180.00 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. Moreover, we appreciate the excellent financial health of the company. Pioneer Natural has debt to capitalization ratio of 17.7% which is much lower than 49.5% for the broader industry.  On top of that, the company outperformed the industry over the last three months. The company also beat the Zacks Consensus Estimate in all of the last four quarters with an average positive earnings surprise of 67.62%.  Moreover, we appreciate Pioneer Natural’s strong financial position with less debt and more cash in hand.”
  • 11/3/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $180.00 price target on the stock.
  • 11/3/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $196.00 price target on the stock.
  • 11/3/2017 – Pioneer Natural Resources had its price target raised by analysts at Sanford C. Bernstein from $173.00 to $187.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Pioneer Natural Resources had its price target raised by analysts at Jefferies Group LLC from $180.00 to $190.00. They now have a “buy” rating on the stock.
  • 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 Morgan Stanley from $202.00 to $197.00. They now have an “overweight” 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.
  • 10/16/2017 – 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.

Pioneer Natural Resources (NYSE:PXD) opened at $156.58 on Friday. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The stock has a market capitalization of $26,720.00, a price-to-earnings ratio of 111.18, a P/E/G ratio of 10.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. analysts predict that Pioneer Natural Resources will post 1.53 EPS for the current fiscal year.

In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total value of $512,102.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the sale, the chief executive officer now directly owns 260,083 shares in the company, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders sold 23,392 shares of company stock worth $3,721,297 over the last ninety days. 0.89% of the stock is owned by corporate 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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