Pioneer Natural Resources (NYSE:PXD) had its price target hoisted by stock analysts at KeyCorp from $195.00 to $220.00 in a research report issued on Monday. The firm presently has a “buy” rating on the oil and gas development company’s stock. KeyCorp’s target price would indicate a potential upside of 12.21% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. Piper Jaffray reissued a “buy” rating and set a $229.00 target price on shares of Pioneer Natural Resources in a report on Wednesday, April 18th. KLR Group cut Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. SunTrust Banks raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $235.00 target price for the company in a report on Monday, April 16th. Finally, Royal Bank of Canada set a $225.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, April 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $216.72.
NYSE PXD opened at $196.06 on Monday. The stock has a market capitalization of $33,200.14, a P/E ratio of 90.77, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $199.68. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
Pioneer Natural Resources announced that its board has approved a stock repurchase plan on Tuesday, February 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
In related news, Director Scott D. Sheffield sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $170.93, for a total value of $341,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 2,134 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $180.00, for a total value of $384,120.00. Following the completion of the transaction, the vice president now owns 10,284 shares of the company’s stock, valued at $1,851,120. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,207 shares of company stock valued at $3,219,653. Insiders own 0.92% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Fairfield Bush & CO. purchased a new position in Pioneer Natural Resources in the fourth quarter worth approximately $277,000. Xact Kapitalforvaltning AB grew its position in Pioneer Natural Resources by 14.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 16,185 shares of the oil and gas development company’s stock worth $2,798,000 after acquiring an additional 2,104 shares during the period. Envestnet Asset Management Inc. grew its position in Pioneer Natural Resources by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 41,462 shares of the oil and gas development company’s stock worth $7,167,000 after acquiring an additional 8,877 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in Pioneer Natural Resources in the fourth quarter worth approximately $129,000. Finally, Delek Group Ltd. purchased a new position in Pioneer Natural Resources in the fourth quarter worth approximately $10,356,000. Institutional investors own 89.50% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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