Brokerages Set Pioneer Natural Resources Co. (PXD) Price Target at $185.67
Pioneer Natural Resources Co. (NYSE:PXD) has received an average rating of “Buy” from the thirty-nine research firms that are covering the company. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, thirty-one have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $185.67.
A number of research firms recently commented on PXD. JPMorgan Chase & Co. set a $190.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Monday, August 1st. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Credit Agricole SA began coverage on Pioneer Natural Resources in a research note on Wednesday, June 22nd. They set a “buy” rating on the stock. KLR Group raised Pioneer Natural Resources from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $172.00 to $218.00 in a research note on Monday, July 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, July 29th.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at 185.96 on Wednesday. Pioneer Natural Resources has a 1-year low of $103.50 and a 1-year high of $193.39. The stock’s market capitalization is $31.54 billion. The company’s 50 day moving average is $182.51 and its 200-day moving average is $164.76.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.12. The business had revenue of $786 million for the quarter, compared to analyst estimates of $797.28 million. Pioneer Natural Resources had a negative return on equity of 1.79% and a negative net margin of 10.75%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Equities analysts anticipate that Pioneer Natural Resources will post ($0.25) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, September 28th. Pioneer Natural Resources’s dividend payout ratio is presently -2.52%.
In other news, Director Frank A. Risch sold 500 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $185.08, for a total transaction of $92,540.00. Following the sale, the director now directly owns 11,156 shares of the company’s stock, valued at $2,064,752.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy L. Dove sold 57,363 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total value of $10,112,523.27. Following the sale, the chief operating officer now directly owns 289,693 shares in the company, valued at $51,069,978.97. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Hudock Capital Group LLC raised its stake in shares of Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 125 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Pioneer Natural Resources during the first quarter worth about $137,000. Park Avenue Institutional Advisers LLC raised its stake in shares of Pioneer Natural Resources by 4.3% in the first quarter. Park Avenue Institutional Advisers LLC now owns 1,017 shares of the oil and gas development company’s stock worth $143,000 after buying an additional 42 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock worth $155,000 after buying an additional 22 shares during the period. Finally, Point72 Asia Hong Kong Ltd raised its stake in shares of Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 900 shares during the period. 93.62% of the stock is currently owned by institutional investors.
Pioneer Natural Resources Company Profile
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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