Pioneer Natural Resources Company (NYSE:PXD) had its price objective upped by stock analysts at Barclays PLC from $147.00 to $156.00 in a report released on Monday. The firm presently has an “overweight” rating on the oil and gas development company’s stock. Barclays PLC’s price target would indicate a potential upside of 2.48% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley lowered their target price on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Jefferies Group LLC set a $171.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Stifel Nicolaus set a $248.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Royal Bank Of Canada set a $201.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Wolfe Research lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and set a $143.78 target price for the company. in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $194.45.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $152.23 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The stock has a market capitalization of $25,920.00, a PE ratio of 106.45, a PEG ratio of 10.35 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. analysts expect that Pioneer Natural Resources will post 1.44 EPS for the current year.

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In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of Pioneer Natural Resources stock in a transaction on Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of Pioneer Natural Resources stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total value of $279,414.00. The disclosure for this sale can be found here. In the last three months, insiders sold 18,490 shares of company stock worth $2,926,897. Company insiders own 0.89% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Cadence Capital Management LLC increased its position in shares of Pioneer Natural Resources by 0.5% during the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after purchasing an additional 30 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Pioneer Natural Resources by 2.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock worth $250,000 after acquiring an additional 40 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Pioneer Natural Resources by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock worth $1,277,000 after acquiring an additional 41 shares during the last quarter. Intrust Bank NA grew its holdings in shares of Pioneer Natural Resources by 2.6% in the 2nd quarter. Intrust Bank NA now owns 1,683 shares of the oil and gas development company’s stock worth $269,000 after acquiring an additional 43 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Pioneer Natural Resources by 0.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 5,043 shares of the oil and gas development company’s stock worth $805,000 after buying an additional 43 shares during the period. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

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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