Shares of Pioneer Natural Resources (NYSE:PXD) have been assigned an average recommendation of “Buy” from the twenty-seven ratings firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $183.42.
A number of analysts have recently commented on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $190.00 price objective on shares of Pioneer Natural Resources in a research report on Sunday, August 11th. Citigroup reissued a “buy” rating and issued a $175.00 price objective (up previously from $173.00) on shares of Pioneer Natural Resources in a research report on Wednesday, November 13th. TD Securities cut their price objective on shares of Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Howard Weil assumed coverage on shares of Pioneer Natural Resources in a research report on Wednesday, November 13th. They issued a “sector perform” rating on the stock. Finally, SunTrust Banks cut their price objective on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th.
In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,619 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $140.35, for a total transaction of $788,626.65. Following the sale, the executive vice president now directly owns 39,027 shares of the company’s stock, valued at $5,477,439.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
Shares of Pioneer Natural Resources stock traded up $7.02 on Wednesday, hitting $130.51. The company had a trading volume of 1,836,500 shares, compared to its average volume of 1,732,687. The stock has a 50-day moving average of $129.94 and a 200-day moving average of $134.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.68. The firm has a market capitalization of $21.18 billion, a P/E ratio of 20.68, a P/E/G ratio of 0.94 and a beta of 1.21. Pioneer Natural Resources has a twelve month low of $114.79 and a twelve month high of $178.22.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.03). The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a return on equity of 9.86% and a net margin of 7.88%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 EPS. Equities analysts predict that Pioneer Natural Resources will post 8.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 13.95%.
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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