Analysts at Howard Weil lifted their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $212.00 to $240.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector perform” rating on the stock. Howard Weil’s target price indicates a potential upside of 6.18% from the company’s current price.
Pioneer Natural Resources (NYSE:PXD) opened at 226.04 on Thursday. Pioneer Natural Resources has a 1-year low of $150.65 and a 1-year high of $234.20. The stock’s 50-day moving average is $219.7 and its 200-day moving average is $195.6. The company’s market cap is $32.334 billion.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.19. The company had revenue of $963.00 million for the quarter, compared to the consensus estimate of $867.70 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $5.64 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday, July 1st. They set a “buy” rating and a $274.00 price target on the stock. Separately, analysts at GMP Securities initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday, June 24th. They set a “buy” rating and a $286.00 price target on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Pioneer Natural Resources from a “buy” rating to an “accumulate” rating in a research note on Tuesday, June 17th. They now have a $260.00 price target on the stock, up previously from $220.00. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Pioneer Natural Resources currently has an average rating of “Hold” and an average target price of $217.55.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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