Pioneer Natural Resources (NYSE:PXD) PT Lowered to $180.00 at Morgan Stanley

Pioneer Natural Resources (NYSE:PXD) had its price objective lowered by Morgan Stanley from $184.00 to $180.00 in a research note released on Friday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the oil and gas development company’s stock.

PXD has been the topic of a number of other research reports. Mizuho set a $32.00 price target on Williams Companies and gave the company a buy rating in a research note on Tuesday, March 19th. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. TheStreet upgraded Zimmer Biomet from a c rating to a b- rating in a research note on Friday, April 26th. Imperial Capital cut Denbury Resources from an outperform rating to an in-line rating in a research note on Wednesday, May 8th. Finally, Macquarie reiterated an underperform rating on shares of Mandom in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has an average rating of Buy and a consensus target price of $201.89.

PXD opened at $140.69 on Friday. Pioneer Natural Resources has a 1-year low of $119.08 and a 1-year high of $193.03. The firm has a fifty day simple moving average of $146.60. 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 company has a market cap of $24.30 billion, a PE ratio of 22.30, a PEG ratio of 0.88 and a beta of 1.09.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts predict that Pioneer Natural Resources will post 9.01 earnings per share for the current year.

In other news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Samlyn Capital LLC grew its holdings in shares of Pioneer Natural Resources by 40.1% during the 4th quarter. Samlyn Capital LLC now owns 204,408 shares of the oil and gas development company’s stock worth $26,883,000 after purchasing an additional 58,467 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Pioneer Natural Resources in the first quarter valued at about $1,355,000. Hodges Capital Management Inc. acquired a new stake in Pioneer Natural Resources in the first quarter valued at about $206,000. Suntrust Banks Inc. boosted its stake in 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 valued at $5,214,000 after buying an additional 35,601 shares in the last quarter. Finally, Empire Life Investments Inc. boosted its stake in 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 valued at $15,875,000 after buying an additional 10,722 shares in the last quarter. 87.55% of the stock is currently owned by institutional investors.

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.

Recommended Story: How to use beta for portfolio diversification

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.