Pioneer Natural Resources (PXD) Given Buy Rating at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their buy rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research report sent to investors on Tuesday. They currently have a $207.00 price target on the oil and gas development company’s stock.

PXD has been the topic of a number of other research reports. Morgan Stanley lowered their price target on Pioneer Natural Resources from $202.00 to $197.00 and set an overweight rating on the stock in a report on Wednesday, October 18th. Mizuho reiterated a buy rating and set a $196.00 price target on shares of Pioneer Natural Resources in a report on Friday, September 29th. Zacks Investment Research upgraded Pioneer Natural Resources from a hold rating to a buy rating and set a $169.00 price target on the stock in a report on Wednesday, October 11th. Jefferies Group lifted their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a buy rating in a report on Friday, November 3rd. Finally, Seaport Global Securities upgraded Pioneer Natural Resources from a neutral rating to a buy rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $192.84.

Shares of Pioneer Natural Resources (NYSE PXD) traded up $0.75 during trading on Tuesday, hitting $178.70. The stock had a trading volume of 1,412,900 shares, compared to its average volume of 1,430,000. The firm has a market capitalization of $30,400.00, a price-to-earnings ratio of 244.79, a PEG ratio of 4.72 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a negative return on equity of 0.87% and a negative net margin of 1.46%. Pioneer Natural Resources’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 firm earned $0.13 earnings per share. equities analysts anticipate that Pioneer Natural Resources will post 1.61 earnings per share for the current fiscal year.

In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total value of $310,680.00. Following the transaction, the executive vice president now owns 22,964 shares in the company, valued at $3,963,586.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Stephen Berg sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $154.47, for a total value of $308,940.00. Following the completion of the transaction, the executive vice president now owns 48,719 shares in the company, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. Insiders sold 42,916 shares of company stock worth $6,976,992 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PXD. Oppenheimer Asset Management Inc. grew its stake in Pioneer Natural Resources by 40.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,289 shares of the oil and gas development company’s stock valued at $206,000 after purchasing an additional 371 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of 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 worth $108,000 after acquiring an additional 67 shares in the last quarter. HPM Partners LLC bought a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth about $333,000. Financial Counselors Inc. boosted its stake in shares of Pioneer Natural Resources by 80.6% during the 2nd quarter. Financial Counselors Inc. now owns 4,862 shares of the oil and gas development company’s stock worth $776,000 after acquiring an additional 2,170 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in shares of Pioneer Natural Resources by 38.0% during the 2nd quarter. Raymond James Trust N.A. now owns 1,678 shares of the oil and gas development company’s stock worth $268,000 after acquiring an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 90.69% of the company’s stock.

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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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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