News stories about Pioneer Natural Resources (NYSE:PXD) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pioneer Natural Resources earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave headlines about the oil and gas development company an impact score of 47.5602647641544 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Revenue Estimates Analysis Pioneer Natural Resources Co. (PXD) (eslforkids.net)
- Occidental Petroleum Corporation (OXY) versus Pioneer Natural Resources (PXD) Head to Head Comparison (americanbankingnews.com)
- Why Hold Strategy is Apt for Pioneer Natural (PXD) Right Now (finance.yahoo.com)
- Pioneer’s Permian Well Results: Much Ado about Nothing? (finance.yahoo.com)
- Pioneer Natural Resources Company (PXD) Director Andrew F. Cates Buys 350 Shares (famososartistas.com)
Several research analysts have recently weighed in on PXD shares. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Monday, May 15th. Scotiabank restated a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, May 5th. 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. KLR Group boosted their price objective on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Cowen and Company set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $210.75.
Shares of Pioneer Natural Resources (PXD) traded up 0.52% during trading on Friday, reaching $131.95. 1,270,967 shares of the company traded hands. Pioneer Natural Resources has a 12-month low of $128.50 and a 12-month high of $199.83. The firm’s 50-day moving average is $151.24 and its 200-day moving average is $170.96. The stock has a market capitalization of $22.44 billion, a PE ratio of 133.15 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted ($0.22) earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities analysts predict that Pioneer Natural Resources will post $1.17 earnings per share for the current fiscal year.
In other Pioneer Natural Resources news, Director Andrew F. Cates acquired 350 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $135.37 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J Kenneth Thompson acquired 750 shares of the stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $133.40 per share, with a total value of $100,050.00. Following the completion of the acquisition, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,200 shares of company stock valued at $161,102. 0.92% of the stock is currently owned by company insiders.
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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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