Pioneer Natural Resources Company (NYSE:PXD)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a report issued on Friday, November 3rd. They currently have a $180.00 price objective on the oil and gas development company’s stock. SunTrust Banks, Inc.’s target price points to a potential upside of 17.79% from the stock’s current price.
PXD has been the subject of a number of other research reports. Williams Capital set a $184.00 price objective on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley cut their price objective on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Mizuho reaffirmed a “buy” rating and set a $196.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $194.07.
Pioneer Natural Resources (NYSE:PXD) opened at $152.81 on Friday. The firm has a market cap of $26,702.34, a price-to-earnings ratio of 109.73, a price-to-earnings-growth ratio of 10.97 and a beta of 0.96. 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 earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 net margin of 2.17% and a return on equity of 2.34%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. equities analysts expect that Pioneer Natural Resources will post 1.4 earnings per share for the current year.
In other Pioneer Natural Resources news, Chairman Scott D. Sheffield sold 5,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total value of $805,700.00. Following the sale, the chairman now directly owns 585,466 shares in the company, valued at $94,341,991.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $893,269.60. Following the completion of the sale, the chief executive officer now owns 260,083 shares in the company, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders sold 16,690 shares of company stock worth $2,647,483 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter worth $100,000. Commonwealth Bank of Australia increased its position in shares of Pioneer Natural Resources by 10.8% during the second 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 stake in shares of Pioneer Natural Resources during the second quarter worth $120,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources during the first quarter worth $172,000. Finally, WFG Advisors LP increased its position in shares of Pioneer Natural Resources by 10.2% during the second 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. Institutional investors own 91.41% of the company’s stock.
Pioneer Natural Resources Company Profile
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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