Pioneer Natural Resources (NYSE:PXD) Given Average Rating of “Buy” by Brokerages
Pioneer Natural Resources (NYSE:PXD) has been assigned an average rating of “Buy” from the thirty research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $194.97.
PXD has been the topic of several recent research reports. SunTrust Banks cut their price target on Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Seaport Global Securities reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, June 21st. TheStreet downgraded shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research report on Tuesday, July 23rd. TD Securities decreased their price objective on shares of Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Morgan Stanley decreased their price objective on shares of Pioneer Natural Resources from $180.00 to $176.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th.
In related news, Director J Kenneth Thompson bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $121.01 per share, with a total value of $60,505.00. Following the transaction, the director now directly owns 13,024 shares of the company’s stock, valued at approximately $1,576,034.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.
NYSE:PXD traded up $1.90 on Friday, hitting $132.25. The stock had a trading volume of 32,921 shares, compared to its average volume of 1,260,648. The business’s fifty day moving average is $127.07 and its 200 day moving average is $143.44. The company has a market cap of $21.79 billion, a PE ratio of 20.96, a P/E/G ratio of 0.75 and a beta of 1.14. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $189.78.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.13. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. Equities analysts predict that Pioneer Natural Resources will post 8.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 26th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 10.14%.
About Pioneer Natural Resources
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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