Pioneer Natural Resources (NYSE:PXD) PT Lowered to $145.00

Pioneer Natural Resources (NYSE:PXD) had its price objective decreased by TD Securities from $165.00 to $145.00 in a research note published on Wednesday, BayStreet.CA reports. TD Securities currently has a hold rating on the oil and gas development company’s stock.

A number of other research analysts have also issued reports on PXD. Seaport Global Securities reiterated a buy rating on shares of Pioneer Natural Resources in a report on Friday, June 21st. Morgan Stanley dropped their price objective on shares of Pioneer Natural Resources from $184.00 to $180.00 and set an overweight rating for the company in a report on Friday, July 12th. Barclays reiterated a buy rating and issued a $217.00 price objective on shares of Pioneer Natural Resources in a report on Wednesday, April 10th. Citigroup started coverage on shares of Pioneer Natural Resources in a report on Tuesday, April 9th. They issued a buy rating for the company. Finally, Macquarie upgraded shares of Pioneer Natural Resources from a neutral rating to an outperform rating and set a $168.32 price target for the company in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of Buy and an average price target of $196.88.

NYSE PXD traded down $0.61 during trading hours on Wednesday, reaching $126.17. The company’s stock had a trading volume of 1,351,379 shares, compared to its average volume of 1,668,423. The company’s fifty day simple moving average is $140.81. The firm has a market capitalization of $20.57 billion, a PE ratio of 20.00, a P/E/G ratio of 0.69 and a beta of 1.08. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $189.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.86.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. On average, sell-side analysts expect that Pioneer Natural Resources will post 8.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.44 per share. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, September 26th. This represents a $1.76 annualized dividend and a yield of 1.39%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 10.14%.

Several large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Pioneer Natural Resources by 0.8% in the 1st quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock valued at $1,101,000 after acquiring an additional 59 shares in the last quarter. Avestar Capital LLC increased its stake in shares of Pioneer Natural Resources by 15.6% in the 1st quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock valued at $55,000 after acquiring an additional 67 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its stake in shares of Pioneer Natural Resources by 1.2% in the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 6,920 shares of the oil and gas development company’s stock valued at $1,065,000 after acquiring an additional 80 shares in the last quarter. Berman Capital Advisors LLC increased its stake in shares of Pioneer Natural Resources by 64.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares in the last quarter. Finally, CWM Advisors LLC increased its stake in shares of Pioneer Natural Resources by 1.4% in the 2nd quarter. CWM Advisors LLC now owns 6,637 shares of the oil and gas development company’s stock valued at $1,021,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 87.46% 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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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