Pioneer Natural Resources (NYSE:PXD)‘s stock had its “neutral” rating restated by equities researchers at Susquehanna Bancshares in a report issued on Wednesday. They currently have a $207.00 price target on the oil and gas development company’s stock. Susquehanna Bancshares’ target price suggests a potential upside of 13.01% from the stock’s current price.
PXD has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Wednesday, October 11th. Barclays increased their target price on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Jefferies Group reissued a “buy” rating and issued a $180.00 target price on shares of Pioneer Natural Resources in a report on Tuesday, October 10th. Mizuho reissued a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, November 3rd. Finally, KeyCorp set a $180.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $195.29.
Shares of Pioneer Natural Resources (PXD) traded down $1.21 during trading on Wednesday, reaching $183.17. 1,668,107 shares of the company’s stock were exchanged, compared to its average volume of 1,707,600. The firm has a market capitalization of $31,160.00, a P/E ratio of 250.92, a price-to-earnings-growth ratio of 4.40 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.
In related news, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the transaction, the chief executive officer now owns 260,083 shares in the company, valued at approximately $41,784,934.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total transaction of $310,680.00. Following the completion of the transaction, the executive vice president now owns 22,964 shares of the company’s stock, valued at approximately $3,963,586.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,916 shares of company stock valued at $6,976,992. 0.89% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. GWM Advisors LLC bought a new position in Pioneer Natural Resources during the 2nd quarter worth approximately $100,000. Commonwealth Bank of Australia raised its holdings 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 worth $108,000 after purchasing an additional 67 shares during the last quarter. WFG Advisors LP raised its holdings 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 worth $176,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Pioneer Natural Resources during the 3rd quarter worth approximately $176,000. Finally, Sun Life Financial INC raised its holdings 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 worth $199,000 after purchasing an additional 1,229 shares during the last quarter. Institutional investors and hedge funds own 90.77% 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.
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