Williams Capital set a $231.00 price objective on Pioneer Natural Resources (NYSE:PXD) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the oil and gas development company’s stock.

PXD has been the topic of several other research reports. Royal Bank of Canada restated a buy rating and set a $245.00 target price on shares of Pioneer Natural Resources in a research note on Friday, July 13th. Oppenheimer assumed coverage on shares of Pioneer Natural Resources in a research note on Wednesday, October 3rd. They set a market perform rating on the stock. Seaport Global Securities cut shares of Pioneer Natural Resources from a buy rating to a neutral rating and lowered their target price for the company from $230.00 to $210.00 in a research note on Wednesday, October 10th. Robert W. Baird set a $225.00 target price on shares of Pioneer Natural Resources and gave the company a buy rating in a research note on Friday, July 27th. Finally, UBS Group upgraded shares of Pioneer Natural Resources from a neutral rating to a positive rating in a research note on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources currently has an average rating of Buy and an average price target of $235.96.

PXD traded up $3.31 during midday trading on Wednesday, hitting $159.82. 1,690,624 shares of the company traded hands, compared to its average volume of 1,813,825. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.20. The stock has a market capitalization of $27.56 billion, a P/E ratio of 73.99, a P/E/G ratio of 1.84 and a beta of 1.04. Pioneer Natural Resources has a 52 week low of $140.54 and a 52 week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.38. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The business’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. Research analysts forecast that Pioneer Natural Resources will post 6.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.40%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, September 27th. Pioneer Natural Resources’s dividend payout ratio is currently 14.81%.

Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its holdings in Pioneer Natural Resources by 39.3% in the 2nd quarter. Morgan Stanley now owns 961,513 shares of the oil and gas development company’s stock worth $181,958,000 after acquiring an additional 271,144 shares in the last quarter. Clinton Group Inc. purchased a new stake in Pioneer Natural Resources in the 3rd quarter worth approximately $4,478,000. Argent Trust Co purchased a new stake in Pioneer Natural Resources in the 2nd quarter worth approximately $409,000. Janus Henderson Group PLC increased its holdings in Pioneer Natural Resources by 6.4% in the 2nd quarter. Janus Henderson Group PLC now owns 83,171 shares of the oil and gas development company’s stock worth $15,739,000 after acquiring an additional 5,022 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in Pioneer Natural Resources by 50.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,087 shares of the oil and gas development company’s stock worth $1,341,000 after acquiring an additional 2,391 shares in the last quarter. 88.89% of the stock is owned by institutional investors.

About Pioneer Natural Resources

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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