Pioneer Natural Resources Company (NYSE:PXD) received a $136.00 target price from research analysts at Barclays PLC in a report issued on Friday, August 4th. The firm presently has a “buy” rating on the oil and gas development company’s stock. Barclays PLC’s price objective would suggest a potential upside of 3.60% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on PXD. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Stifel Nicolaus reissued a “buy” rating and set a $268.00 price objective on shares of Pioneer Natural Resources in a report on Friday, July 14th. Williams Capital set a $184.00 target price on shares of Pioneer Natural Resources and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $190.00 to $160.00 in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $210.71.
Shares of Pioneer Natural Resources (NYSE PXD) traded down 0.27% on Friday, reaching $131.27. 1,615,359 shares of the company’s stock traded hands. The company’s 50-day moving average price is $152.70 and its 200 day moving average price is $171.58. The firm has a market cap of $22.33 billion, a P/E ratio of 132.46 and a beta of 0.91. Pioneer Natural Resources has a one year low of $128.50 and a one year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm’s revenue was up 107.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) EPS. On average, equities analysts forecast that Pioneer Natural Resources will post $1.15 EPS for the current fiscal year.
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In other news, Director J Kenneth Thompson bought 750 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $133.40 per share, with a total value of $100,050.00. Following the acquisition, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,200 shares of company stock valued at $161,102 over the last three months. 0.92% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of PXD. CWM LLC raised its stake in shares of Pioneer Natural Resources by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock valued at $1,386,000 after buying an additional 432 shares during the last quarter. Independence Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter valued at approximately $822,000. Capital Advisors Inc. OK acquired a new stake in shares of Pioneer Natural Resources during the first quarter valued at about $660,000. Murphy Capital Management Inc. boosted its stake in shares of Pioneer Natural Resources by 4.5% in the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock valued at $18,364,000 after buying an additional 4,980 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. 92.85% of the stock is owned by 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.
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