Pioneer Natural Resources (NYSE: PXD) received a number of ratings updates from brokerages and research firms in the last week:

  • Pioneer Natural Resources had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $125.00 price target on the stock.
  • Pioneer Natural Resources was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $111.00 price target on the stock, down previously from $115.00. They wrote, “We are lowering our rating to HOLD and reducing our target price $4 to $111 per share due to higher operating and production tax expense. Our target price anticipates the sale of the Barnett Combo assets for $500-$600 million though does not include the full value uplift of a joint venture of the southern 200,000 net acres of the Spraberry field targeting the Wolfcamp shale.”
  • Pioneer Natural Resources had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $133.00 price target on the stock.
  • Pioneer Natural Resources had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $137.00 price target on the stock.
  • Pioneer Natural Resources was downgraded by analysts at Barclays Capital from an “overweight” rating to an “equal weight” rating. They now have a $109.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of Pioneer Natural Resources traded down 3.04% during mid-day trading on Thursday, hitting $102.35. Pioneer Natural Resources has a 52 week low of $77.41 and a 52 week high of $119.19. The company has a market cap of $12.600 billion and a P/E ratio of 254.36.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa.