Pioneer Natural Resources (PXD) PT Set at $202.00 by Mizuho

Pioneer Natural Resources (NYSE:PXD) has been given a $202.00 target price by equities researchers at Mizuho in a report released on Tuesday. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. Mizuho’s price target suggests a potential upside of 9.59% from the stock’s current price.

A number of other brokerages have also commented on PXD. BMO Capital Markets reissued a “buy” rating and set a $225.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, January 11th. Piper Jaffray Companies reissued a “buy” rating and set a $207.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, January 9th. JPMorgan Chase & Co. set a $185.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price target for the company in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $194.73.

Pioneer Natural Resources (NYSE:PXD) opened at $184.32 on Tuesday. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The company has a market capitalization of $31,350.00, a P/E ratio of 252.49, a P/E/G ratio of 4.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. equities analysts anticipate that Pioneer Natural Resources will post 1.64 EPS for the current year.

In other news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total value of $310,680.00. Following the sale, the executive vice president now directly owns 22,964 shares in the company, valued at $3,963,586.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Larry R. Grillot sold 200 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $159.35, for a total value of $31,870.00. Following the completion of the sale, the director now owns 7,097 shares in the company, valued at $1,130,906.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,916 shares of company stock worth $6,976,992. Company insiders own 0.89% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Pioneer Natural Resources by 0.5% in the second quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock worth $1,277,000 after buying an additional 41 shares during the period. FTB Advisors Inc. raised its holdings in shares of Pioneer Natural Resources by 1.7% in the second quarter. FTB Advisors Inc. now owns 2,646 shares of the oil and gas development company’s stock worth $402,000 after buying an additional 43 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares during the period. Dana Investment Advisors Inc. raised its holdings in shares of Pioneer Natural Resources by 1.1% in the second quarter. Dana Investment Advisors Inc. now owns 7,426 shares of the oil and gas development company’s stock worth $1,185,000 after buying an additional 84 shares during the period. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Pioneer Natural Resources by 2.3% in the second quarter. Salem Investment Counselors Inc. now owns 4,063 shares of the oil and gas development company’s stock worth $648,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

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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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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