Stifel Nicolaus Analysts Give Pioneer Natural Resources Company (PXD) a $236.00 Price Target
Pioneer Natural Resources Company (NYSE:PXD) has been given a $236.00 price objective by equities researchers at Stifel Nicolaus in a research note issued on Tuesday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 74.32% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the company 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 company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $214.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday. Jefferies Group LLC set a $243.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, Zacks Investment Research downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $211.90.
Pioneer Natural Resources (PXD) traded up 0.86% during trading on Tuesday, hitting $136.54. 1,058,437 shares of the stock were exchanged. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 137.78 and a beta of 0.91. The company has a 50-day moving average price of $157.86 and a 200 day moving average price of $174.43. Pioneer Natural Resources has a 1-year low of $130.38 and a 1-year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm’s revenue was up 107.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. Equities analysts predict that Pioneer Natural Resources will post $1.13 earnings per share for the current fiscal year.
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In related news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the sale, the executive vice president now owns 45,110 shares in the company, valued at approximately $7,839,666.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Coconut Grove Bank raised its stake in Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares during the last quarter. Winch Advisory Services LLC bought a new stake in Pioneer Natural Resources during the first quarter valued at $112,000. BDO Wealth Advisors LLC bought a new stake in Pioneer Natural Resources during the second quarter valued at $120,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.
Pioneer Natural Resources Company Profile
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.
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