Pioneer Natural Resources Company (NYSE:PXD) had its price target lowered by equities research analysts at Piper Jaffray Companies from $229.00 to $185.00 in a report issued on Monday. The brokerage presently has an “overweight” rating on the oil and gas development company’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 35.11% from the company’s previous close.

A number of other equities analysts have also issued reports on PXD. Scotiabank set a $210.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $214.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus set a $236.00 target price on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Cowen and Company reiterated a “buy” rating and issued a $210.00 target price on shares of Pioneer Natural Resources in a research report on Sunday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus price target of $201.35.

Pioneer Natural Resources (NYSE:PXD) traded down 0.31% during mid-day trading on Monday, reaching $136.50. 181,916 shares of the company were exchanged. The stock has a market capitalization of $23.22 billion, a P/E ratio of 137.74 and a beta of 0.94. The company’s 50 day moving average price is $134.84 and its 200-day moving average price is $163.19. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s revenue was up 107.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.22) EPS. On average, equities analysts expect that Pioneer Natural Resources will post $1.12 earnings per share for the current fiscal year.

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In other Pioneer Natural Resources news, Director J Kenneth Thompson acquired 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $133.40 per share, with a total value of $100,050.00. Following the completion of the transaction, the director now owns 10,865 shares in the company, valued at $1,449,391. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders bought 1,200 shares of company stock valued at $161,102 over the last three months. 0.89% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PXD. UBS Asset Management Americas Inc. raised its position in Pioneer Natural Resources by 9.2% during the first quarter. UBS Asset Management Americas Inc. now owns 447,833 shares of the oil and gas development company’s stock valued at $83,400,000 after acquiring an additional 37,839 shares in the last quarter. Teza Capital Management LLC raised its position in Pioneer Natural Resources by 219.8% during the first quarter. Teza Capital Management LLC now owns 3,614 shares of the oil and gas development company’s stock valued at $673,000 after acquiring an additional 2,484 shares in the last quarter. Karp Capital Management Corp bought a new position in Pioneer Natural Resources during the first quarter valued at approximately $10,927,000. Sei Investments Co. raised its position in Pioneer Natural Resources by 9.7% during the first quarter. Sei Investments Co. now owns 383,015 shares of the oil and gas development company’s stock valued at $71,328,000 after acquiring an additional 33,771 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in Pioneer Natural Resources by 22.9% during the first quarter. TD Asset Management Inc. now owns 90,746 shares of the oil and gas development company’s stock valued at $16,900,000 after acquiring an additional 16,880 shares in the last quarter. 91.57% of the stock is currently owned by hedge funds and other institutional investors.

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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