Stock analysts at Scotiabank began coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a research report issued on Tuesday, The Fly reports. The brokerage set a “sector perform” rating and a $154.00 price target on the oil and gas development company’s stock. Scotiabank’s price target points to a potential upside of 14.69% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. ValuEngine downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Friday, November 1st. SunTrust Banks dropped their target price on Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. TD Securities upped their target price on Pioneer Natural Resources from $140.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. KeyCorp upped their target price on Pioneer Natural Resources from $168.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Piper Jaffray Companies set a $202.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $187.22.

NYSE PXD traded up $1.91 on Tuesday, hitting $134.28. 817,421 shares of the company were exchanged, compared to its average volume of 1,648,643. The firm has a market capitalization of $22.11 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. Pioneer Natural Resources has a twelve month low of $114.79 and a twelve month high of $178.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.68. The company’s 50 day moving average price is $128.75 and its 200-day moving average price is $137.24.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of PXD. Berman Capital Advisors LLC raised its stake in shares of Pioneer Natural Resources by 64.9% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after purchasing an additional 87 shares in the last quarter. Parallax Volatility Advisers L.P. raised its stake in shares of Pioneer Natural Resources by 1,606.7% in the second quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after purchasing an additional 241 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Pioneer Natural Resources in the second quarter valued at $53,000. Venturi Wealth Management LLC acquired a new position in shares of Pioneer Natural Resources in the third quarter valued at $53,000. Finally, Foresters Asset Management Inc. raised its stake in shares of Pioneer Natural Resources by 35.7% in the second quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after purchasing 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.

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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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