Pioneer Natural Resources (NYSE:PXD) had its price objective reduced by Imperial Capital from $232.00 to $222.00 in a research note issued on Thursday. The brokerage currently has an “outperform” rating on the oil and gas development company’s stock. Imperial Capital’s price objective would indicate a potential upside of 19.27% from the stock’s current price.

PXD has been the topic of a number of other reports. Royal Bank of Canada reiterated a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a report on Friday, July 13th. Goldman Sachs Group upgraded Pioneer Natural Resources from a “buy” rating to a “conviction-buy” rating in a report on Thursday, April 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $240.00 price objective on shares of Pioneer Natural Resources in a report on Thursday, April 26th. Robert W. Baird set a $225.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, July 27th. Finally, Mizuho began coverage on Pioneer Natural Resources in a report on Monday, July 23rd. They issued a “buy” rating and a $259.00 price objective on the stock. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $230.68.

Pioneer Natural Resources traded up $0.49, reaching $186.14, during trading hours on Thursday, according to Marketbeat. The company’s stock had a trading volume of 1,310,610 shares, compared to its average volume of 1,224,480. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $213.40. The stock has a market capitalization of $32.05 billion, a PE ratio of 86.18, a P/E/G ratio of 1.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.09.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.27 billion. equities research analysts forecast that Pioneer Natural Resources will post 7.21 earnings per share for the current fiscal year.

In other news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $212.63, for a total transaction of $2,126,300.00. Following the sale, the director now owns 566,894 shares of the company’s stock, valued at $120,538,671.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry R. Grillot sold 200 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $191.13, for a total value of $38,226.00. Following the sale, the director now directly owns 8,061 shares in the company, valued at approximately $1,540,698.93. The disclosure for this sale can be found here. Insiders have sold 17,296 shares of company stock worth $3,652,624 over the last 90 days. 0.92% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Advisor Partners LLC increased its position in shares of Pioneer Natural Resources by 9.3% during the second quarter. Advisor Partners LLC now owns 3,153 shares of the oil and gas development company’s stock worth $597,000 after acquiring an additional 267 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Pioneer Natural Resources by 1.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock worth $4,526,000 after acquiring an additional 273 shares during the period. Sippican Capital Advisors increased its position in shares of Pioneer Natural Resources by 3.2% during the second quarter. Sippican Capital Advisors now owns 9,689 shares of the oil and gas development company’s stock worth $1,834,000 after acquiring an additional 297 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Pioneer Natural Resources by 1.1% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 26,728 shares of the oil and gas development company’s stock worth $4,591,000 after acquiring an additional 300 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Pioneer Natural Resources by 14.3% during the first quarter. Private Advisor Group LLC now owns 2,519 shares of the oil and gas development company’s stock worth $433,000 after acquiring an additional 316 shares during the period. 87.87% of the stock is currently owned by institutional investors and hedge funds.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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