Pioneer Natural Resources (PXD) Sets New 1-Year Low at $135.24

Pioneer Natural Resources (NYSE:PXD)’s share price hit a new 52-week low on Thursday . The stock traded as low as $135.24 and last traded at $140.72, with a volume of 1529547 shares changing hands. The stock had previously closed at $145.68.

PXD has been the topic of several analyst reports. Williams Capital restated a “hold” rating and issued a $226.00 price objective on shares of Pioneer Natural Resources in a report on Wednesday, August 8th. Imperial Capital cut their price objective on shares of Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. Citigroup cut their price objective on shares of Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Morgan Stanley cut their price objective on shares of Pioneer Natural Resources from $240.00 to $236.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. Finally, KLR Group restated a “buy” rating and issued a $254.00 price objective on shares of Pioneer Natural Resources in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $232.29.

The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $24.83 billion, a P/E ratio of 66.03, a P/E/G ratio of 1.67 and a beta of 1.11.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.38. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 112.2% on a year-over-year basis. As a group, equities analysts predict that Pioneer Natural Resources will post 7.16 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Pioneer Natural Resources by 9.1% during the second quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock worth $2,351,423,000 after acquiring an additional 1,032,381 shares during the period. FMR LLC increased its position in Pioneer Natural Resources by 27.9% during the second quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock worth $1,217,012,000 after acquiring an additional 1,401,626 shares during the period. Capital International Investors bought a new position in Pioneer Natural Resources during the third quarter worth about $783,866,000. Clearbridge Investments LLC increased its position in Pioneer Natural Resources by 10.4% during the third quarter. Clearbridge Investments LLC now owns 3,069,833 shares of the oil and gas development company’s stock worth $534,734,000 after acquiring an additional 290,320 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Pioneer Natural Resources by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 2,395,793 shares of the oil and gas development company’s stock worth $417,324,000 after acquiring an additional 35,750 shares during the period. Institutional investors own 87.14% of the company’s stock.

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Pioneer Natural Resources Company Profile (NYSE:PXD)

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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