Pioneer Natural Resources Co. (NYSE:PXD) has been given an average recommendation of “Buy” by the thirty-eight ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $189.53.

A number of brokerages have issued reports on PXD. Barclays PLC raised shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $152.00 to $175.00 in a research note on Tuesday, August 2nd. Canaccord Genuity reissued a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, July 29th. Capital One Financial Corp. raised shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 28th. Mitsubishi UFJ Financial Group assumed coverage on shares of Pioneer Natural Resources in a research report on Thursday, September 8th. They set a “neutral” rating and a $200.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $190.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Monday, August 1st.

In other Pioneer Natural Resources news, COO Timothy L. Dove sold 57,363 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $176.29, for a total value of $10,112,523.27. Following the completion of the transaction, the chief operating officer now directly owns 289,693 shares in the company, valued at approximately $51,069,978.97. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank A. Risch sold 500 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $185.08, for a total transaction of $92,540.00. Following the completion of the transaction, the director now owns 11,156 shares of the company’s stock, valued at $2,064,752.48. 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 made changes to their positions in PXD. Quadrant Capital Group LLC boosted its position in shares of Pioneer Natural Resources by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 617 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 35 shares during the period. Hudock Capital Group LLC boosted its position in shares of Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock valued at $109,000 after buying an additional 125 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock valued at $155,000 after buying an additional 22 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in shares of Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 900 shares during the period. Finally, Robotti Robert acquired a new position in shares of Pioneer Natural Resources during the first quarter valued at about $203,000. Hedge funds and other institutional investors own 95.24% of the company’s stock.

Pioneer Natural Resources (NYSE:PXD) opened at 178.19 on Wednesday. Pioneer Natural Resources has a 1-year low of $103.50 and a 1-year high of $193.39. The firm’s market capitalization is $30.24 billion. The stock has a 50 day moving average of $182.14 and a 200-day moving average of $169.95.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The business earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business posted ($0.01) earnings per share. Pioneer Natural Resources’s revenue was down 47.0% compared to the same quarter last year. On average, equities research analysts anticipate that Pioneer Natural Resources will post ($0.41) earnings per share for the current year.

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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