Pioneer Natural Resources (PXD) PT Lowered to $176.00

Pioneer Natural Resources (NYSE:PXD) had its price objective lowered by stock analysts at Robert W. Baird from $192.00 to $176.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the oil and gas development company’s stock. Robert W. Baird’s target price suggests a potential upside of 10.48% from the company’s current price.

Several other analysts also recently weighed in on PXD. Mizuho reiterated a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Friday. Credit Suisse Group began coverage on shares of Pioneer Natural Resources in a report on Monday, December 11th. They issued an “outperform” rating and a $192.00 target price for the company. Williams Capital dropped their target price on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, October 18th. Finally, Imperial Capital began coverage on shares of Pioneer Natural Resources in a report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $191.55.

Shares of Pioneer Natural Resources (PXD) opened at $159.31 on Monday. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The firm has a market cap of $26,516.86, a P/E ratio of 108.97, a P/E/G ratio of 9.86 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. equities analysts expect that Pioneer Natural Resources will post 1.55 earnings per share for the current fiscal year.

In other news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of Pioneer Natural Resources stock in a transaction on Monday, November 6th. The shares were sold at an average price of $157.57, for a total transaction of $512,102.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $154.47, for a total transaction of $308,940.00. Following the sale, the executive vice president now directly owns 48,719 shares of the company’s stock, valued at $7,525,623.93. The disclosure for this sale can be found here. Insiders sold a total of 25,392 shares of company stock valued at $4,036,997 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in PXD. Schwab Charles Investment Management Inc. lifted its position in shares of Pioneer Natural Resources by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 540,072 shares of the oil and gas development company’s stock worth $86,185,000 after purchasing an additional 23,676 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Pioneer Natural Resources by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 768,072 shares of the oil and gas development company’s stock worth $122,569,000 after purchasing an additional 4,298 shares during the last quarter. BB&T Securities LLC lifted its position in shares of Pioneer Natural Resources by 108.7% during the 2nd quarter. BB&T Securities LLC now owns 4,726 shares of the oil and gas development company’s stock worth $754,000 after purchasing an additional 2,462 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth $2,524,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Pioneer Natural Resources by 3.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 243,767 shares of the oil and gas development company’s stock worth $38,900,000 after purchasing an additional 7,715 shares during the last quarter. 90.69% of the stock is owned by institutional investors and hedge funds.

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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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