Pioneer Natural Resources Company (NYSE:PXD) had its price objective reduced by investment analysts at Morgan Stanley from $202.00 to $197.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “overweight” rating on the oil and gas development company’s stock. Morgan Stanley’s price target indicates a potential upside of 37.78% from the company’s previous close.

A number of other analysts have also recently issued reports on PXD. Scotiabank set a $210.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. BidaskClub raised Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Sanford C. Bernstein reissued an “outperform” rating on shares of Pioneer Natural Resources in a research note on Friday, July 7th. BMO Capital Markets lowered their target price on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $268.00 price target on shares of Pioneer Natural Resources in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $194.75.

Pioneer Natural Resources (NYSE PXD) traded up 1.30% on Wednesday, hitting $144.84. 1,668,978 shares of the stock traded hands. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83. The company’s 50 day moving average price is $141.99 and its 200-day moving average price is $156.45. The stock has a market capitalization of $24.64 billion, a P/E ratio of 146.16 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) 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 business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business earned ($0.22) EPS. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. Analysts predict that Pioneer Natural Resources will post $1.16 EPS for the current year.

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In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $133.40 per share, with a total value of $100,050.00. Following 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 filing with the SEC, which is accessible through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,200 shares of company stock valued at $161,102 in the last ninety days. Insiders own 0.89% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. acquired a new stake in Pioneer Natural Resources during the 2nd quarter valued at $883,000. Gs Investments Inc. acquired a new stake in Pioneer Natural Resources during the 2nd quarter valued at $338,000. Lord Abbett & CO. LLC lifted its holdings in Pioneer Natural Resources by 2.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 50,000 shares of the oil and gas development company’s stock valued at $7,979,000 after purchasing an additional 1,000 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in Pioneer Natural Resources by 202.6% during the 2nd quarter. Sentry Investment Management LLC now owns 13,462 shares of the oil and gas development company’s stock valued at $2,148,000 after purchasing an additional 9,013 shares during the last quarter. Finally, Atlantic Trust LLC lifted its holdings in Pioneer Natural Resources by 7.9% during the 2nd quarter. Atlantic Trust LLC now owns 2,110 shares of the oil and gas development company’s stock valued at $337,000 after purchasing an additional 155 shares during the last quarter. 91.46% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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