Pioneer Natural Resources Co. (PXD) Shares Gap Down to $180.22
Pioneer Natural Resources Co. (NYSE:PXD)’s share price gapped down prior to trading on Monday . The stock had previously closed at $178.78, but opened at $180.22. Pioneer Natural Resources shares last traded at $183.71, with a volume of 1,247,700 shares changing hands.
Several equities research analysts have commented on the company. Credit Agricole SA assumed coverage on Pioneer Natural Resources in a research note on Wednesday, June 22nd. They set a “buy” rating for the company. Barclays PLC upped their price target on Pioneer Natural Resources from $151.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 14th. Citigroup Inc. upped their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Drexel Hamilton restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Thursday, June 16th. Finally, Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $176.92.
The company has a 50 day moving average of $169.24 and a 200 day moving average of $153.91. The firm’s market capitalization is $31.16 billion.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.12. The business earned $786 million during the quarter, compared to analyst estimates of $797.28 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. Equities analysts expect that Pioneer Natural Resources Co. will post ($0.29) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, September 28th.
In related news, EVP Jerome D. Hall, Jr. sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $149.90, for a total value of $239,840.00. Following the completion of the transaction, the executive vice president now owns 23,428 shares in the company, valued at approximately $3,511,857.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy L. Dove sold 13,254 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $152.24, for a total transaction of $2,017,788.96. Following the completion of the transaction, the chief operating officer now owns 271,993 shares of the company’s stock, valued at approximately $41,408,214.32. The disclosure for this sale can be found here.
Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.
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