Pioneer Natural Resources (PXD) – Analysts’ Recent Ratings Changes

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Several analysts have recently updated their ratings and price targets for Pioneer Natural Resources (NYSE: PXD):

  • 5/16/2019 – Pioneer Natural Resources had its price target raised by analysts at Morgan Stanley from $184.00 to $186.00. They now have an “overweight” rating on the stock.
  • 5/8/2019 – Pioneer Natural Resources had its “overweight” rating reaffirmed by analysts at S&P Equity Research. They now have a $205.00 price target on the stock, up previously from $185.00.
  • 5/8/2019 – Pioneer Natural Resources had its price target lowered by analysts at Imperial Capital from $200.00 to $185.00. They now have an “outperform” rating on the stock.
  • 5/1/2019 – Pioneer Natural Resources was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/26/2019 – Pioneer Natural Resources was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 4/23/2019 – Pioneer Natural Resources was given a new $205.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 4/22/2019 – Pioneer Natural Resources had its price target raised by analysts at KeyCorp from $170.00 to $185.00. They now have an “overweight” rating on the stock.
  • 4/15/2019 – Pioneer Natural Resources was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $168.32 price target on the stock.
  • 4/13/2019 – Pioneer Natural Resources was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/12/2019 – Pioneer Natural Resources was downgraded by analysts at Goldman Sachs Group Inc to a “buy” rating.
  • 4/10/2019 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $217.00 price target on the stock.
  • 4/9/2019 – Pioneer Natural Resources is now covered by analysts at Citigroup Inc. They set a “buy” rating on the stock.
  • 3/19/2019 – Pioneer Natural Resources was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $158.00 price target on the stock, down previously from $206.00.

PXD stock traded down $0.80 during midday trading on Friday, reaching $154.29. 79,094 shares of the company’s stock traded hands, compared to its average volume of 2,032,246. The firm has a market capitalization of $25.51 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.02. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 52 week low of $119.08 and a 52 week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.22. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. Pioneer Natural Resources’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities analysts predict that Pioneer Natural Resources will post 8.85 earnings per share for the current fiscal year.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 888 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Pioneer Natural Resources by 0.7% in the 4th quarter. BlackRock Inc. now owns 11,006,161 shares of the oil and gas development company’s stock worth $1,447,530,000 after acquiring an additional 79,316 shares in the last quarter. Baupost Group LLC MA grew its stake in shares of Pioneer Natural Resources by 12.5% in the 4th quarter. Baupost Group LLC MA now owns 4,500,000 shares of the oil and gas development company’s stock worth $591,840,000 after acquiring an additional 500,000 shares in the last quarter. Boston Partners grew its stake in shares of Pioneer Natural Resources by 28.8% in the 1st quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock worth $547,679,000 after acquiring an additional 804,760 shares in the last quarter. Northern Trust Corp grew its stake in shares of Pioneer Natural Resources by 0.8% in the 1st quarter. Northern Trust Corp now owns 2,064,867 shares of the oil and gas development company’s stock worth $314,438,000 after acquiring an additional 15,675 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Pioneer Natural Resources by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 2,063,259 shares of the oil and gas development company’s stock worth $313,565,000 after acquiring an additional 91,173 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.

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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