Pioneer Natural Resources (PXD) Given a $185.00 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a $185.00 target price on Pioneer Natural Resources (NYSE:PXD) in a report published on Wednesday morning. The brokerage currently has a buy rating on the oil and gas development company’s stock.

Several other research analysts have also commented on the company. ValuEngine lowered Pioneer Natural Resources from a hold rating to a sell rating in a research report on Sunday, December 31st. Zacks Investment Research raised Pioneer Natural Resources from a hold rating to a buy rating and set a $192.00 price target for the company in a research report on Tuesday, December 26th. Jefferies Group set a $192.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research report on Wednesday, December 20th. Seaport Global Securities raised Pioneer Natural Resources from a neutral rating to a buy rating in a research report on Tuesday, December 19th. Finally, Robert W. Baird reduced their price target on Pioneer Natural Resources from $192.00 to $176.00 and set an outperform rating for the company in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the stock. Pioneer Natural Resources currently has an average rating of Buy and a consensus price target of $191.99.

Pioneer Natural Resources (NYSE PXD) traded up $0.93 on Wednesday, hitting $177.27. The stock had a trading volume of 1,552,400 shares, compared to its average volume of 2,206,200. The company has a market cap of $30,030.00, a price-to-earnings ratio of 242.84, a price-to-earnings-growth ratio of 4.86 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. research analysts forecast that Pioneer Natural Resources will post 1.59 earnings per share for the current fiscal year.

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction dated 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 owns 48,719 shares in the company, valued at approximately $7,525,623.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares in the company, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,916 shares of company stock worth $6,976,992. 0.89% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources during the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia grew its stake in Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after purchasing an additional 67 shares during the last quarter. WFG Advisors LP grew its stake in Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Pioneer Natural Resources during the 3rd quarter valued at about $176,000. Finally, Sun Life Financial INC grew its stake in Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after purchasing an additional 1,229 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

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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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