Pioneer Natural Resources Company (PXD) Given a $171.00 Price Target at Jefferies Group LLC
Pioneer Natural Resources Company (NYSE:PXD) received a $171.00 price target from research analysts at Jefferies Group LLC in a report issued on Tuesday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 33.12% from the company’s previous close.
PXD has been the subject of several other research reports. Williams Capital set a $184.00 price objective on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC set a $136.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $204.40.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down 1.3975% during trading on Tuesday, hitting $126.6648. 161,282 shares of the stock traded hands. The firm’s 50-day moving average price is $147.17 and its 200-day moving average price is $169.06. Pioneer Natural Resources has a 12 month low of $126.40 and a 12 month high of $199.83. The stock has a market cap of $21.55 billion, a PE ratio of 127.8151 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ 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 quarter last year, the firm posted ($0.22) earnings per share. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year. Analysts anticipate that Pioneer Natural Resources will post $1.13 EPS for the current year.
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In other Pioneer Natural Resources news, Director Andrew F. Cates bought 350 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J Kenneth Thompson bought 750 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 over the last ninety days. Corporate insiders own 0.89% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Coconut Grove Bank boosted its position in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the last quarter. Winch Advisory Services LLC acquired a new position in shares of Pioneer Natural Resources during the first quarter worth approximately $112,000. GWM Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the second quarter worth approximately $100,000. Commonwealth Bank of Australia boosted its position 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 last quarter. Finally, BDO Wealth Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the second quarter worth approximately $120,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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