Pioneer Natural Resources Company (NYSE:PXD) has been assigned a consensus recommendation of “Buy” from the twenty-five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $199.65.
Several analysts have commented on PXD shares. Piper Jaffray Companies lowered their price objective on shares of Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday. Cowen and Company set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, July 19th. 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 report on Saturday, June 17th. Imperial Capital started coverage on shares of Pioneer Natural Resources in a research report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 price objective on the stock. Finally, Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a research report on Wednesday, August 2nd.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew F. Cates purchased 350 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the purchase, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,200 shares of company stock valued at $161,102. Corporate insiders own 0.89% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Intl Fcstone Inc. purchased a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $883,000. Gs Investments Inc. purchased a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $338,000. Lord Abbett & CO. LLC grew its stake in Pioneer Natural Resources by 2.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 50,000 shares of the oil and gas development company’s stock worth $7,979,000 after buying an additional 1,000 shares in the last quarter. Sentry Investment Management LLC grew its stake in Pioneer Natural Resources by 202.6% in the 2nd quarter. Sentry Investment Management LLC now owns 13,462 shares of the oil and gas development company’s stock worth $2,148,000 after buying an additional 9,013 shares in the last quarter. Finally, Atlantic Trust LLC grew its stake in Pioneer Natural Resources by 7.9% in the 2nd quarter. Atlantic Trust LLC now owns 2,110 shares of the oil and gas development company’s stock worth $337,000 after buying an additional 155 shares in the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.
Shares of Pioneer Natural Resources (PXD) traded up 3.05% during midday trading on Friday, hitting $141.27. 1,996,994 shares of the stock were exchanged. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 142.55 and a beta of 0.94. The firm’s 50 day moving average is $133.40 and its 200-day moving average is $162.00. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. On average, analysts predict that Pioneer Natural Resources will post $1.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. Pioneer Natural Resources’s dividend payout ratio is presently 8.16%.
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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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