Jefferies Group Analysts Give Pioneer Natural Resources (PXD) a $192.00 Price Target

Jefferies Group set a $192.00 price objective on Pioneer Natural Resources (NYSE:PXD) in a report published on Wednesday. The brokerage currently has a buy rating on the oil and gas development company’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Pioneer Natural Resources from a hold rating to a buy rating and set a $169.00 target price on the stock in a report on Wednesday, October 11th. BMO Capital Markets set a $200.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Tuesday, October 10th. Stifel Nicolaus set a $248.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Thursday, October 5th. Mizuho reaffirmed a buy rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, September 29th. Finally, Cowen reaffirmed a buy rating and issued a $210.00 target price on shares of Pioneer Natural Resources in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $191.63.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $171.12 on Wednesday. The stock has a market capitalization of $29,110.00, a P/E ratio of 234.41, a P/E/G ratio of 10.53 and a beta of 0.97. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83. 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 quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. analysts forecast that Pioneer Natural Resources will post 1.55 EPS for the current fiscal year.

In related news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard P. Dealy sold 5,523 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $164.23, for a total value of $907,042.29. Following the transaction, the chief financial officer now directly owns 76,297 shares of the company’s stock, valued at $12,530,256.31. The disclosure for this sale can be found here. Insiders sold a total of 35,116 shares of company stock valued at $5,633,412 over the last quarter. 0.89% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. GWM Advisors LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter worth about $100,000. Commonwealth Bank of Australia raised its position in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Pioneer Natural Resources in the 2nd quarter worth about $120,000. WFG Advisors LP raised its position in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Pioneer Natural Resources in the 3rd quarter worth about $176,000. 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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