Analysts Set Pioneer Natural Resources (NYSE:PXD) Price Target at $202.16

Pioneer Natural Resources (NYSE:PXD) has earned an average recommendation of “Buy” from the thirty analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, twenty-one have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $201.02.

Several research firms have issued reports on PXD. SunTrust Banks downgraded shares of SUNDANCE ENERGY/S to a “hold” rating in a research note on Monday, July 8th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Goldman Sachs Group downgraded shares of Encana to a “buy” rating in a research note on Friday, April 12th. KeyCorp boosted their price objective on shares of WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Friday, July 12th.

In other news, CAO Margaret Montemayor sold 888 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $153.38, for a total value of $136,201.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in PXD. Norges Bank purchased a new position in shares of Pioneer Natural Resources in the fourth quarter valued at $207,894,000. Boston Partners boosted its stake in shares of Pioneer Natural Resources by 28.8% in the first quarter. Boston Partners now owns 3,596,532 shares of the oil and gas development company’s stock valued at $547,679,000 after purchasing an additional 804,760 shares during the period. Primecap Management Co. CA boosted its stake in shares of Pioneer Natural Resources by 90.6% in the first quarter. Primecap Management Co. CA now owns 1,367,296 shares of the oil and gas development company’s stock valued at $208,212,000 after purchasing an additional 649,746 shares during the period. Deutsche Bank AG boosted its stake in shares of Pioneer Natural Resources by 127.2% in the fourth quarter. Deutsche Bank AG now owns 812,422 shares of the oil and gas development company’s stock valued at $106,841,000 after purchasing an additional 454,920 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Pioneer Natural Resources by 95.4% in the first quarter. CIBC Private Wealth Group LLC now owns 802,525 shares of the oil and gas development company’s stock valued at $122,208,000 after purchasing an additional 391,775 shares during the period. Institutional investors and hedge funds own 87.51% of the company’s stock.

PXD stock traded up $3.31 on Thursday, hitting $136.87. 25,758 shares of the company were exchanged, compared to its average volume of 1,201,088. Pioneer Natural Resources has a twelve month low of $119.08 and a twelve month high of $193.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.89. The company has a fifty day simple moving average of $144.67. The firm has a market cap of $22.85 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.75 and a beta of 1.09.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.61 by $0.22. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Pioneer Natural Resources will post 8.43 earnings per share for the current year.

Pioneer Natural Resources Company Profile

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.

See Also: Trading Ex-Dividend Strategy

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.