Pioneer Natural Resources (PXD) Given a $205.00 Price Target by SunTrust Banks Analysts

Pioneer Natural Resources (NYSE:PXD) received a $205.00 price target from research analysts at SunTrust Banks in a note issued to investors on Tuesday, TipRanks reports. The firm presently has a “buy” rating on the oil and gas development company’s stock. SunTrust Banks’ target price would indicate a potential upside of 16.70% from the company’s previous close.

Several other research firms have also commented on PXD. Imperial Capital set a $198.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, February 8th. Goldman Sachs Group lowered shares of Pioneer Natural Resources to a “buy” rating in a research note on Friday, April 12th. Raymond James set a $250.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Morgan Stanley set a $185.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Barclays set a $190.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 16th. Six investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $210.44.

NYSE PXD traded down $0.23 on Tuesday, hitting $175.66. The stock had a trading volume of 1,104,540 shares, compared to its average volume of 1,924,477. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $213.40. The company has a current ratio of 1.42, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.30). Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company posted $1.22 EPS. Pioneer Natural Resources’s revenue for the quarter was up 75.4% on a year-over-year basis. As a group, equities research analysts expect that Pioneer Natural Resources will post 7.72 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Lindbrook Capital LLC acquired a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $31,000. Executive Wealth Management LLC acquired a new position in Pioneer Natural Resources in the 4th quarter valued at approximately $38,000. Canton Hathaway LLC acquired a new position in Pioneer Natural Resources in the 1st quarter valued at approximately $38,000. JOYN Advisors Inc. increased its stake in Pioneer Natural Resources by 73.8% in the 4th quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock valued at $47,000 after buying an additional 152 shares during the period. Finally, Captrust Financial Advisors increased its stake in Pioneer Natural Resources by 72.0% in the 4th quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock valued at $48,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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