Howard Weil assumed coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage set a “sector perform” rating on the oil and gas development company’s stock.

Several other brokerages have also recently issued reports on PXD. Williams Capital restated a “buy” rating and set a $190.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, November 5th. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. TD Securities upped their target price on shares of Pioneer Natural Resources from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. SunTrust Banks decreased their target price on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Co upped their target price on shares of Pioneer Natural Resources from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $187.22.

PXD stock traded up $1.91 during mid-day trading on Wednesday, hitting $134.28. The company had a trading volume of 817,421 shares, compared to its average volume of 1,648,643. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 0.98 and a beta of 1.14. Pioneer Natural Resources has a 12-month low of $114.79 and a 12-month high of $178.22. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $128.75 and a 200 day moving average price of $137.24.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.03). The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 EPS. As a group, analysts expect that Pioneer Natural Resources will post 8.1 EPS for the current year.

In related news, EVP Chris J. Cheatwood sold 5,619 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $140.35, for a total value of $788,626.65. Following the sale, the executive vice president now directly owns 39,027 shares of the company’s stock, valued at approximately $5,477,439.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson acquired 500 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $121.01 per share, for a total transaction of $60,505.00. Following the completion of the transaction, the director now directly owns 13,024 shares in the company, valued at $1,576,034.24. The disclosure for this purchase can be found here. Corporate insiders own 0.91% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Berman Capital Advisors LLC grew its stake in Pioneer Natural Resources by 64.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 87 shares in the last quarter. Parallax Volatility Advisers L.P. grew its stake in Pioneer Natural Resources by 1,606.7% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock worth $39,000 after acquiring an additional 241 shares in the last quarter. HM Payson & Co. bought a new position in Pioneer Natural Resources in the 2nd quarter worth about $53,000. Venturi Wealth Management LLC bought a new position in Pioneer Natural Resources in the 3rd quarter worth about $53,000. Finally, Foresters Asset Management Inc. grew its stake in Pioneer Natural Resources by 35.7% in the 2nd quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock worth $58,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.59% of the company’s stock.

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.

See Also: What are the components of an earnings report?

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.