Williams Capital Reiterates $231.00 Price Target for Pioneer Natural Resources (PXD)

Williams Capital set a $231.00 price target on Pioneer Natural Resources (NYSE:PXD) in a research note issued to investors on Wednesday. The brokerage currently has a hold rating on the oil and gas development company’s stock.

A number of other research analysts also recently issued reports on PXD. Wells Fargo & Co reissued a market perform rating and set a $227.00 price objective on shares of Pioneer Natural Resources in a research report on Wednesday, October 24th. Zacks Investment Research raised shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $183.00 price objective on the stock in a research report on Tuesday, October 23rd. Oppenheimer reissued a hold rating on shares of Pioneer Natural Resources in a research report on Thursday, October 25th. Mizuho began coverage on shares of Pioneer Natural Resources in a research report on Monday, July 23rd. They set a buy rating and a $259.00 price objective on the stock. Finally, ValuEngine downgraded shares of Pioneer Natural Resources from a hold rating to a sell rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $235.96.

Pioneer Natural Resources stock traded up $3.31 during mid-day trading on Wednesday, reaching $159.82. 1,690,624 shares of the company traded hands, compared to its average volume of 1,813,825. The company has a current ratio of 1.20, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company has a market cap of $27.56 billion, a P/E ratio of 73.99, a PEG ratio of 1.84 and a beta of 1.04. Pioneer Natural Resources has a 52-week low of $140.54 and a 52-week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.38. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The company’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. Analysts predict that Pioneer Natural Resources will post 6.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.40%. Pioneer Natural Resources’s dividend payout ratio is currently 14.81%.

Large investors have recently added to or reduced their stakes in the company. Advisor Partners LLC boosted its stake in Pioneer Natural Resources by 9.3% in the 2nd quarter. Advisor Partners LLC now owns 3,153 shares of the oil and gas development company’s stock worth $597,000 after purchasing an additional 267 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Pioneer Natural Resources by 1.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock worth $4,526,000 after purchasing an additional 273 shares in the last quarter. Sippican Capital Advisors boosted its stake in Pioneer Natural Resources by 3.2% in the 2nd quarter. Sippican Capital Advisors now owns 9,689 shares of the oil and gas development company’s stock worth $1,834,000 after purchasing an additional 297 shares in the last quarter. CWM LLC boosted its stake in Pioneer Natural Resources by 5.5% in the 2nd quarter. CWM LLC now owns 6,307 shares of the oil and gas development company’s stock worth $1,194,000 after purchasing an additional 326 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Pioneer Natural Resources by 8.1% in the 3rd quarter. Dupont Capital Management Corp now owns 4,742 shares of the oil and gas development company’s stock worth $826,000 after purchasing an additional 357 shares in the last quarter. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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