Pioneer Natural Resources Company (PXD) Receives Consensus Recommendation of “Buy” from Analysts
Pioneer Natural Resources Company (NYSE:PXD) has been assigned an average rating of “Buy” from the twenty-seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $194.82.
PXD has been the subject of several analyst reports. Morgan Stanley lowered their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Jefferies Group set a $171.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Stifel Nicolaus set a $248.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Royal Bank Of Canada set a $201.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, Wolfe Research cut Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and set a $143.78 price objective for the company. in a research report on Monday, October 16th.
Shares of Pioneer Natural Resources (PXD) traded down $3.20 during midday trading on Friday, reaching $150.66. The company’s stock had a trading volume of 1,078,440 shares, compared to its average volume of 1,846,537. The company has a current ratio of 1.69, a quick ratio of 1.58 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 cap of $26,605.35, a P/E ratio of 109.34, a price-to-earnings-growth ratio of 9.99 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $0.13 EPS. Pioneer Natural Resources’s revenue was up 23.1% on a year-over-year basis. analysts anticipate that Pioneer Natural Resources will post 1.53 EPS for the current year.
In related news, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now directly owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,072 shares of company stock valued at $3,644,749. Insiders own 0.89% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources during the 2nd quarter worth approximately $100,000. Commonwealth Bank of Australia raised its stake in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the 2nd quarter worth approximately $120,000. WFG Advisors LP raised its stake in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after buying an additional 102 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Pioneer Natural Resources by 112.3% during the 2nd quarter. Grove Bank & Trust now owns 1,172 shares of the oil and gas development company’s stock worth $187,000 after buying an additional 620 shares in the last quarter. 90.89% of the stock is owned by institutional investors.
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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.
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