BMO Capital Markets set a $214.00 price target on Pioneer Natural Resources Company (NYSE:PXD) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the oil and gas development company’s stock.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada set a $233.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a report on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on Pioneer Natural Resources and gave the stock a buy rating in a report on Wednesday, May 17th. Zacks Investment Research downgraded Pioneer Natural Resources from a hold rating to a sell rating in a report on Monday, July 17th. Finally, Capital One Financial Corporation restated an overweight rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $211.90.

Shares of Pioneer Natural Resources (NYSE PXD) remained flat at $135.38 during midday trading on Tuesday. 1,780,988 shares of the company’s stock traded hands. Pioneer Natural Resources has a 52-week low of $130.38 and a 52-week high of $199.83. The stock has a market cap of $23.03 billion, a PE ratio of 136.61 and a beta of 0.91. The stock has a 50-day moving average price of $157.86 and a 200-day moving average price of $174.43.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted ($0.22) EPS. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. Analysts predict that Pioneer Natural Resources will post $1.13 earnings per share for the current year.

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In other news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now directly owns 45,110 shares in the company, valued at $7,839,666.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Pioneer Natural Resources by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,827,949 shares of the oil and gas development company’s stock valued at $2,202,718,000 after buying an additional 390,587 shares in the last quarter. BlackRock Inc. increased its stake in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. FMR LLC increased its stake in shares of Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after buying an additional 1,304,274 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Pioneer Natural Resources by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.

About Pioneer Natural Resources

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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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