Pioneer Natural Resources Co. (NYSE:PXD)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group in a research note issued on Wednesday. They currently have a $206.00 price target on the oil and gas development company’s stock. Jefferies Group’s target price would suggest a potential upside of 11.94% from the company’s previous close.

PXD has been the subject of several other research reports. KeyCorp raised their price target on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Credit Suisse Group AG restated an “outperform” rating and set a $212.00 price target (up previously from $182.25) on shares of Pioneer Natural Resources in a research note on Wednesday, August 24th. Wunderlich raised their price target on shares of Pioneer Natural Resources from $182.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, October 10th. Mizuho initiated coverage on shares of Pioneer Natural Resources in a research note on Wednesday, October 5th. They set a “neutral” rating and a $196.00 price target for the company. Finally, KLR Group restated a “buy” rating and set a $238.00 price target (up previously from $218.00) on shares of Pioneer Natural Resources in a research note on Sunday, July 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus target price of $181.63.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Pioneer Natural Resources (NYSE:PXD) opened at 184.03 on Wednesday. Pioneer Natural Resources has a 12 month low of $103.50 and a 12 month high of $193.39. The firm’s 50-day moving average is $182.68 and its 200 day moving average is $165.74. The firm’s market capitalization is $31.21 billion.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.12. Pioneer Natural Resources had a negative net margin of 10.75% and a negative return on equity of 1.79%. The firm earned $786 million during the quarter, compared to analyst estimates of $797.28 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts expect that Pioneer Natural Resources will post ($0.25) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, September 30th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date was Wednesday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently -2.52%.

In related news, Director Frank A. Risch sold 500 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $185.08, for a total transaction of $92,540.00. Following the transaction, the director now directly owns 11,156 shares of the company’s stock, valued at approximately $2,064,752.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $171.51, for a total value of $128,632.50. Following the transaction, the director now directly owns 9,453 shares in the company, valued at $1,621,284.03. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. bought a new position in Pioneer Natural Resources during the first quarter valued at approximately $1,452,000. NN Investment Partners Holdings N.V. bought a new position in Pioneer Natural Resources during the first quarter valued at approximately $137,000. Credit Agricole S A raised its position in Pioneer Natural Resources by 851.6% in the first quarter. Credit Agricole S A now owns 197,622 shares of the oil and gas development company’s stock valued at $27,814,000 after buying an additional 176,855 shares during the period. Canada Pension Plan Investment Board raised its position in Pioneer Natural Resources by 13.1% in the first quarter. Canada Pension Plan Investment Board now owns 82,934 shares of the oil and gas development company’s stock valued at $11,672,000 after buying an additional 9,600 shares during the period. Finally, 1832 Asset Management L.P. raised its position in Pioneer Natural Resources by 144.4% in the first quarter. 1832 Asset Management L.P. now owns 162,002 shares of the oil and gas development company’s stock valued at $38,076,000 after buying an additional 95,729 shares during the period. 93.53% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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