Pioneer Natural Resources (NYSE:PXD) Price Target Increased to $216.00 by Analysts at KeyCorp

Pioneer Natural Resources (NYSE:PXD) had its target price upped by analysts at KeyCorp from $205.00 to $216.00 in a research report issued to clients and investors on Thursday, Analyst Price Targets reports. The firm currently has an “overweight” rating on the oil and gas development company’s stock. KeyCorp’s price objective would suggest a potential upside of 0.14% from the company’s current price.

Other analysts also recently issued research reports about the stock. TD Securities lifted their target price on shares of Pioneer Natural Resources from $210.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 4th. Truist Securities lifted their target price on shares of Pioneer Natural Resources from $181.00 to $214.00 and gave the company a “hold” rating in a report on Thursday, October 7th. Morgan Stanley lowered their target price on shares of Pioneer Natural Resources from $206.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, December 13th. TheStreet raised shares of Pioneer Natural Resources from a “c+” rating to a “b” rating in a report on Friday, October 8th. Finally, Citigroup lifted their target price on shares of Pioneer Natural Resources from $216.00 to $218.00 in a report on Monday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $211.00.

Shares of Pioneer Natural Resources stock opened at $215.70 on Thursday. Pioneer Natural Resources has a 1 year low of $115.14 and a 1 year high of $216.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.55 and a current ratio of 0.63. The company has a market capitalization of $52.66 billion, a P/E ratio of 38.94, a PEG ratio of 1.17 and a beta of 1.81. The company’s fifty day moving average is $185.04 and its two-hundred day moving average is $169.93.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, November 3rd. The oil and gas development company reported $4.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.87 by $0.26. Pioneer Natural Resources had a net margin of 11.48% and a return on equity of 11.98%. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period last year, the firm posted $0.17 EPS. As a group, equities analysts expect that Pioneer Natural Resources will post 13.36 earnings per share for the current year.

In other news, Director Larry R. Grillot sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 9th. The shares were sold at an average price of $184.39, for a total value of $165,951.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Chris J. Cheatwood sold 8,235 shares of the business’s stock in a transaction that occurred on Monday, December 6th. The shares were sold at an average price of $180.86, for a total transaction of $1,489,382.10. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in Pioneer Natural Resources by 25.9% in the third quarter. Global Retirement Partners LLC now owns 287 shares of the oil and gas development company’s stock valued at $48,000 after purchasing an additional 59 shares during the period. CX Institutional grew its holdings in Pioneer Natural Resources by 17.4% in the third quarter. CX Institutional now owns 426 shares of the oil and gas development company’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Tributary Capital Management LLC grew its holdings in Pioneer Natural Resources by 4.1% in the fourth quarter. Tributary Capital Management LLC now owns 1,675 shares of the oil and gas development company’s stock valued at $305,000 after purchasing an additional 66 shares during the period. Richard P Slaughter Associates Inc grew its holdings in Pioneer Natural Resources by 0.7% in the third quarter. Richard P Slaughter Associates Inc now owns 9,640 shares of the oil and gas development company’s stock valued at $1,605,000 after purchasing an additional 69 shares during the period. Finally, Retirement Group LLC grew its holdings in Pioneer Natural Resources by 34.6% in the second quarter. Retirement Group LLC now owns 276 shares of the oil and gas development company’s stock valued at $45,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 84.93% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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