Cowen and Company set a $210.00 price objective on Pioneer Natural Resources Company (NYSE:PXD) in a report issued on Wednesday morning. The firm currently has a buy rating on the oil and gas development company’s stock.
A number of other brokerages have also recently weighed in on PXD. Seaport Global Securities cut shares of Pioneer Natural Resources from a buy rating to a neutral rating and decreased their price target for the stock from $225.00 to $215.00 in a research report on Friday, March 31st. Mizuho raised shares of Pioneer Natural Resources from a neutral rating to a buy rating in a research report on Tuesday, March 21st. BidaskClub cut shares of Pioneer Natural Resources from a sell rating to a strong sell rating in a research report on Saturday, June 17th. Credit Suisse Group AG reaffirmed a buy rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. Finally, Zacks Investment Research cut shares of Pioneer Natural Resources from a strong-buy rating to a hold rating in a research report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company. Pioneer Natural Resources has a consensus rating of Buy and a consensus target price of $214.83.
Pioneer Natural Resources (PXD) traded down 1.88% on Wednesday, hitting $160.21. The stock had a trading volume of 1,359,433 shares. The company’s 50-day moving average price is $161.00 and its 200 day moving average price is $176.52. Pioneer Natural Resources has a one year low of $147.21 and a one year high of $199.83. The firm’s market cap is $27.25 billion.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. Pioneer Natural Resources had a positive return on equity of 1.08% and a negative net margin of 7.20%. The business’s revenue for the quarter was up 114.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.64) EPS. Analysts expect that Pioneer Natural Resources will post $1.36 earnings per share for the current year.
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In other news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the transaction, the executive vice president now directly owns 45,110 shares in the company, valued at $7,839,666.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Coconut Grove Bank boosted its stake in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 36 shares during the last quarter. Winch Advisory Services LLC acquired a new stake in shares of Pioneer Natural Resources during the first quarter worth $112,000. Morgan Dempsey Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock worth $147,000 after buying an additional 26 shares during the last quarter. Finally, Financial Architects Inc acquired a new stake in shares of Pioneer Natural Resources during the first quarter worth $154,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.
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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