Pioneer Natural Resources Company (NYSE:PXD) had its price objective reduced by investment analysts at Citigroup Inc. from $190.00 to $165.00 in a report released on Tuesday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Citigroup Inc.’s price target points to a potential upside of 24.21% from the company’s previous close.

Several other research analysts have also recently commented on PXD. Jefferies Group LLC set a $243.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Scotiabank reissued a “buy” rating and set a $245.00 target price on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Royal Bank Of Canada reissued a “buy” rating and set a $233.00 target price on shares of Pioneer Natural Resources in a research note on Friday, May 12th. Finally, Barclays PLC reissued a “buy” rating and set a $196.00 target price (down from $204.00) on shares of Pioneer Natural Resources in a research note on Thursday, April 20th. Two research 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 stock presently has an average rating of “Buy” and an average price target of $210.71.

Shares of Pioneer Natural Resources (NYSE PXD) traded down 0.05% during midday trading on Tuesday, hitting $132.77. The company had a trading volume of 270,645 shares. The firm has a market capitalization of $22.58 billion, a PE ratio of 133.98 and a beta of 0.91. Pioneer Natural Resources has a 12 month low of $128.50 and a 12 month high of $199.83. The company has a 50-day moving average of $153.96 and a 200 day moving average of $172.21.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.22) earnings per share. The company’s revenue was up 107.4% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources will post $1.13 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of PXD. Vanguard Group Inc. increased its stake in Pioneer Natural Resources by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after buying an additional 295,861 shares during the last quarter. BlackRock Inc. increased its stake in 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 during the last quarter. FMR LLC increased its stake in 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. Capital World Investors increased its stake in Pioneer Natural Resources by 45.4% in the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after buying an additional 2,500,000 shares in the last quarter. Finally, Carmignac Gestion increased its stake in Pioneer Natural Resources by 10.7% in the second quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after buying an additional 292,612 shares in the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

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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