Pioneer Natural Resources Company (NYSE:PXD) had its price target lowered by Piper Jaffray Companies from $229.00 to $185.00 in a research report report published on Monday. The brokerage currently has an overweight rating on the oil and gas development company’s stock.

Several other equities research analysts also recently issued reports on PXD. Credit Suisse Group restated an outperform rating and issued a $236.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, June 2nd. BidaskClub downgraded shares of Pioneer Natural Resources from a sell rating to a strong sell rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $233.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, July 1st. Finally, Sanford C. Bernstein reiterated an outperform rating on shares of Pioneer Natural Resources in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company. Pioneer Natural Resources has an average rating of Buy and an average price target of $201.35.

Shares of Pioneer Natural Resources (NYSE PXD) opened at 142.01 on Monday. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The firm’s 50 day moving average is $133.40 and its 200-day moving average is $162.00. The firm has a market capitalization of $24.16 billion, a PE ratio of 143.30 and a beta of 0.94.

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, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s quarterly revenue was up 107.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.22) earnings per share. On average, equities research analysts predict that Pioneer Natural Resources will post $1.12 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/09/22/pioneer-natural-resources-company-pxd-price-target-lowered-to-185-00-at-piper-jaffray-companies.html.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio is 8.16%.

In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, with a total value of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders purchased 1,200 shares of company stock valued at $161,102 over the last ninety days. 0.89% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Prospera Financial Services Inc raised its holdings in Pioneer Natural Resources by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock worth $293,000 after purchasing an additional 7 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Pioneer Natural Resources by 0.4% during the 1st quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock worth $467,000 after purchasing an additional 10 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in Pioneer Natural Resources by 0.5% during the 1st quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock worth $518,000 after purchasing an additional 13 shares during the last quarter. Atlantic Trust LLC raised its holdings in Pioneer Natural Resources by 1.0% during the 1st quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock worth $364,000 after purchasing an additional 20 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its holdings in Pioneer Natural Resources by 3.4% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after purchasing an additional 26 shares during the last quarter. 91.57% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related companies with MarketBeat.com's FREE daily email newsletter.