Pioneer Natural Resources (NYSE:PXD) PT Set at $184.00 by Morgan Stanley

Morgan Stanley set a $184.00 price target on Pioneer Natural Resources (NYSE:PXD) in a research note published on Monday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the oil and gas development company’s stock.

PXD has been the topic of a number of other research reports. Goldman Sachs Group lowered Pioneer Natural Resources to a buy rating in a research note on Friday, April 12th. Macquarie raised Pioneer Natural Resources from a neutral rating to an outperform rating and set a $168.32 price target on the stock in a research note on Monday, April 15th. ValuEngine raised Pioneer Natural Resources from a sell rating to a hold rating in a research note on Saturday, April 13th. Citigroup started coverage on Pioneer Natural Resources in a research note on Tuesday, April 9th. They set a buy rating on the stock. Finally, KeyCorp upped their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an overweight rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $205.44.

Pioneer Natural Resources stock opened at $151.24 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $25.42 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 0.91 and a beta of 1.09. The business has a fifty day simple moving average of $148.20. Pioneer Natural Resources has a 52 week low of $119.08 and a 52 week high of $195.00.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.22. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. As a group, equities analysts forecast that Pioneer Natural Resources will post 9.18 EPS for the current year.

In related news, CAO Margaret Montemayor sold 888 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $153.38, for a total value of $136,201.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Samlyn Capital LLC increased its holdings in shares of Pioneer Natural Resources by 40.1% in the fourth quarter. Samlyn Capital LLC now owns 204,408 shares of the oil and gas development company’s stock worth $26,883,000 after acquiring an additional 58,467 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Pioneer Natural Resources in the first quarter worth about $206,000. Suntrust Banks Inc. increased its holdings in shares of Pioneer Natural Resources by 880.8% in the fourth quarter. Suntrust Banks Inc. now owns 39,643 shares of the oil and gas development company’s stock worth $5,214,000 after acquiring an additional 35,601 shares in the last quarter. Empire Life Investments Inc. increased its holdings in shares of Pioneer Natural Resources by 11.5% in the first quarter. Empire Life Investments Inc. now owns 104,251 shares of the oil and gas development company’s stock worth $15,875,000 after acquiring an additional 10,722 shares in the last quarter. Finally, S&CO Inc. increased its holdings in shares of Pioneer Natural Resources by 4.7% in the first quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock worth $19,007,000 after acquiring an additional 5,580 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.

About Pioneer Natural Resources

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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