Pioneer Natural Resources Company (NYSE:PXD) has been given a $214.00 price objective by equities researchers at BMO Capital Markets in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 55.58% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Pioneer Natural Resources in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $211.90.
Pioneer Natural Resources (NYSE PXD) opened at 137.55 on Tuesday. Pioneer Natural Resources has a 52 week low of $134.85 and a 52 week high of $199.83. The firm has a 50-day moving average price of $160.01 and a 200-day moving average price of $175.21. The company has a market capitalization of $23.40 billion, a price-to-earnings ratio of 138.80 and a beta of 0.91.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. Pioneer Natural Resources’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. Analysts anticipate that Pioneer Natural Resources will post $1.13 EPS for the current fiscal year.
In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the transaction, the executive vice president now owns 45,110 shares of the company’s stock, valued at approximately $7,839,666.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.92% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. Boston Partners purchased a new stake in Pioneer Natural Resources during the first quarter valued at about $274,976,000. FMR LLC boosted its stake in Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after buying an additional 1,304,274 shares during the period. Swedbank purchased a new stake in Pioneer Natural Resources during the first quarter valued at about $172,313,000. Finally, Clearbridge Investments LLC boosted its stake in Pioneer Natural Resources by 68,788.6% in the first quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock valued at $166,779,000 after buying an additional 894,252 shares during the period. 92.62% of the stock is owned by institutional investors and hedge funds.
About Pioneer Natural Resources
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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