JPMorgan Chase & Co. set a $185.00 price target on Pioneer Natural Resources (NYSE:PXD) in a research note released on Wednesday. The firm currently has a buy rating on the oil and gas development company’s stock.

Other research analysts also recently issued research reports about the stock. Cowen reiterated a buy rating and issued a $210.00 price target on shares of Pioneer Natural Resources in a research note on Sunday, September 17th. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $169.00 price target for the company in a research note on Wednesday, October 11th. BMO Capital Markets set a $200.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Tuesday, October 10th. Jefferies Group reiterated a buy rating and issued a $180.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $248.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of Buy and an average price target of $191.99.

Pioneer Natural Resources (NYSE PXD) opened at $176.51 on Wednesday. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $30,020.00, a P/E ratio of 241.79, a P/E/G ratio of 4.86 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. equities research analysts forecast that Pioneer Natural Resources will post 1.59 EPS for the current fiscal year.

In other news, Director Larry R. Grillot sold 200 shares of Pioneer Natural Resources stock in a transaction on Monday, December 11th. The shares were sold at an average price of $159.35, for a total value of $31,870.00. Following the transaction, the director now directly owns 7,097 shares of the company’s stock, valued at approximately $1,130,906.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy L. Dove sold 1,000 shares of Pioneer Natural Resources stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $159.51, for a total transaction of $159,510.00. Following the completion of the transaction, the chief executive officer now directly owns 259,083 shares in the company, valued at $41,326,329.33. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock valued at $6,976,992 in the last 90 days. Insiders own 0.89% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. GWM Advisors LLC acquired a new position in shares of Pioneer Natural Resources in the 2nd quarter valued at $100,000. Commonwealth Bank of Australia increased its holdings in shares of Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the period. WFG Advisors LP increased its holdings in shares of Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after acquiring an additional 102 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Pioneer Natural Resources in the 3rd quarter valued at $176,000. Finally, Sun Life Financial INC increased its holdings in shares of Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after acquiring an additional 1,229 shares during the period. 90.69% of the stock is currently owned by institutional investors and hedge funds.

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About Pioneer Natural Resources

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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