Capital One Financial Corporation reiterated their overweight rating on shares of Pioneer Natural Resources Company (NYSE:PXD) in a research note published on Wednesday morning. Capital One Financial Corporation also issued estimates for Pioneer Natural Resources’ FY2017 earnings at $0.98 EPS.
Other research analysts also recently issued reports about the company. Jefferies Group LLC set a $243.00 price target on Pioneer Natural Resources and gave the company a buy rating in a report on Wednesday, May 17th. Scotiabank reaffirmed a buy rating and set a $245.00 price target on shares of Pioneer Natural Resources in a report on Monday, May 15th. Credit Suisse Group reaffirmed a buy rating on shares of Pioneer Natural Resources in a report on Monday, May 15th. Royal Bank Of Canada reaffirmed a buy rating and set a $233.00 price target on shares of Pioneer Natural Resources in a report on Friday, May 12th. Finally, Barclays PLC reaffirmed a buy rating and set a $196.00 price target (down from $204.00) on shares of Pioneer Natural Resources in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company. Pioneer Natural Resources presently has a consensus rating of Buy and an average target price of $214.19.
Pioneer Natural Resources (NYSE PXD) opened at 135.34 on Wednesday. The firm’s 50-day moving average price is $160.01 and its 200 day moving average price is $175.21. Pioneer Natural Resources has a 52 week low of $130.38 and a 52 week high of $199.83. The company has a market capitalization of $23.02 billion, a PE ratio of 136.57 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 107.4% compared to the same quarter last year. Equities research analysts expect that Pioneer Natural Resources will post $1.10 earnings per share for the current fiscal year.
In related news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares in the company, valued at $7,839,666.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Coconut Grove Bank boosted its stake in 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 valued at $103,000 after buying an additional 281 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in 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 valued at $107,000 after buying an additional 36 shares in the last quarter. Winch Advisory Services LLC acquired a new stake in Pioneer Natural Resources during the first quarter valued at about $112,000. Morgan Dempsey Capital Management LLC boosted its stake in 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 valued at $147,000 after buying an additional 26 shares in the last quarter. Finally, Financial Architects Inc acquired a new stake in Pioneer Natural Resources during the first quarter valued at about $154,000. Hedge funds and other institutional investors own 92.78% of the company’s stock.
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.
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