Susquehanna Bancshares reaffirmed their neutral rating on shares of Pioneer Natural Resources (NYSE:PXD) in a research report report published on Wednesday, MarketBeat reports. They currently have a $207.00 price objective on the oil and gas development company’s stock.
Other research analysts have also recently issued research reports about the stock. Mizuho reiterated a buy rating and set a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. JPMorgan Chase & Co. set a $185.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Wednesday, January 3rd. Credit Suisse Group assumed coverage on shares of Pioneer Natural Resources in a research note on Monday, December 11th. They set an outperform rating and a $192.00 price target on the stock. KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, October 21st. Finally, Williams Capital dropped their price target on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a hold rating on the stock in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of Buy and a consensus target price of $195.29.
Shares of Pioneer Natural Resources (NYSE PXD) traded down $1.21 during trading on Wednesday, hitting $183.17. 1,668,107 shares of the stock traded hands, compared to its average volume of 1,332,232. The stock has a market cap of $31,375.08, a PE ratio of 254.40, a PEG ratio of 4.40 and a beta of 0.97. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.
In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now directly owns 260,083 shares in the company, valued at approximately $41,784,934.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of Pioneer Natural Resources stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total transaction of $310,680.00. Following the completion of the sale, the executive vice president now owns 22,964 shares in the company, valued at $3,963,586.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,916 shares of company stock worth $6,976,992. 0.89% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. GWM Advisors LLC purchased a new stake in Pioneer Natural Resources in the 2nd quarter valued at about $100,000. Commonwealth Bank of Australia increased its position in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the last quarter. WFG Advisors LP increased its position in Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Pioneer Natural Resources during the third quarter worth about $176,000. Finally, Sun Life Financial INC increased its position in Pioneer Natural Resources by 7,229.4% during the second quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.
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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