Pioneer Natural Resources (PXD) Given Buy Rating at Piper Jaffray Companies

Piper Jaffray Companies restated their buy rating on shares of Pioneer Natural Resources (NYSE:PXD) in a report published on Tuesday. The firm currently has a $207.00 price target on the oil and gas development company’s stock.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. set a $185.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Wednesday, January 3rd. ValuEngine downgraded Pioneer Natural Resources from a hold rating to a sell rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Pioneer Natural Resources from a hold rating to a buy rating and set a $192.00 price target for the company in a research note on Tuesday, December 26th. Jefferies Group set a $192.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Wednesday, December 20th. Finally, Seaport Global Securities upgraded Pioneer Natural Resources from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $192.84.

Pioneer Natural Resources (NYSE PXD) traded up $0.75 on Tuesday, hitting $178.70. The stock had a trading volume of 1,412,900 shares, compared to its average volume of 1,430,000. The company has a market cap of $30,400.00, a P/E ratio of 244.79, a PEG ratio of 4.72 and a beta of 0.97. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $199.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a negative return on equity of 0.87% and a negative net margin of 1.46%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. research analysts predict that Pioneer Natural Resources will post 1.61 EPS for the current year.

In other Pioneer Natural Resources news, Director Larry R. Grillot sold 200 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $159.35, for a total value of $31,870.00. Following the completion of the transaction, the director now owns 7,097 shares of the company’s stock, valued at approximately $1,130,906.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $158.37, for a total value of $408,911.34. Following the completion of the transaction, the senior vice president now directly owns 12,861 shares of the company’s stock, valued at approximately $2,036,796.57. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock valued at $6,976,992 in the last three months. 0.89% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Pioneer Natural Resources by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock valued at $1,934,718,000 after acquiring an additional 295,861 shares in the last quarter. Capital World Investors raised its holdings in Pioneer Natural Resources by 45.4% in the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after acquiring an additional 2,500,000 shares in the last quarter. Carmignac Gestion raised its holdings in Pioneer Natural Resources by 10.7% in the 2nd quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after acquiring an additional 292,612 shares in the last quarter. American Century Companies Inc. raised its holdings in Pioneer Natural Resources by 20.2% in the 3rd quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock valued at $337,410,000 after acquiring an additional 384,485 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Pioneer Natural Resources by 1.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,031,598 shares of the oil and gas development company’s stock valued at $299,386,000 after acquiring an additional 25,163 shares in the last quarter. 90.69% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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