Pioneer Natural Resources (NYSE:PXD) has earned an average recommendation of “Buy” from the thirty-four analysts that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation and thirty have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $211.90.
A number of equities research analysts recently commented on PXD shares. Barclays PLC reiterated an “overweight” rating and issued a $190.00 target price (up from $188.00) on shares of Pioneer Natural Resources in a research report on Thursday, January 26th. Scotiabank set a $225.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Mitsubishi UFJ Financial Group raised Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $212.00 to $250.00 in a research note on Tuesday, February 14th. Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a research note on Tuesday, January 17th. Finally, Canaccord Genuity reissued a “buy” rating and set a $215.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, February 2nd.
Shares of Pioneer Natural Resources (NYSE:PXD) traded up 0.11% during mid-day trading on Tuesday, reaching $174.63. The company had a trading volume of 1,744,885 shares. The firm has a 50 day moving average of $185.26 and a 200-day moving average of $184.41. Pioneer Natural Resources has a one year low of $146.08 and a one year high of $199.83. The stock’s market capitalization is $29.65 billion.
Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Tuesday, February 7th. The oil and gas development company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. Pioneer Natural Resources had a negative return on equity of 0.33% and a negative net margin of 14.56%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) earnings per share. Analysts forecast that Pioneer Natural Resources will post $1.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.09%. Pioneer Natural Resources’s dividend payout ratio is currently -2.35%.
In other Pioneer Natural Resources news, VP Stephanie D. Stewart sold 900 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $191.00, for a total transaction of $171,900.00. Following the completion of the sale, the vice president now owns 11,206 shares in the company, valued at $2,140,346. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark Stephen Berg sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the executive vice president now owns 52,719 shares of the company’s stock, valued at approximately $10,239,084.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,358 shares of company stock valued at $1,614,482. 0.92% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. raised its stake in Pioneer Natural Resources by 25.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 15,769 shares of the oil and gas development company’s stock worth $2,937,000 after buying an additional 3,160 shares in the last quarter. Factory Mutual Insurance Co. acquired a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $11,733,000. Navellier & Associates Inc acquired a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $5,605,000. Retirement Systems of Alabama raised its stake in shares of Pioneer Natural Resources by 1.0% in the first quarter. Retirement Systems of Alabama now owns 169,078 shares of the oil and gas development company’s stock valued at $31,487,000 after buying an additional 1,635 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $457,000. Institutional investors own 93.86% of the company’s stock.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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