Pioneer Natural Resources (NYSE:PXD) had its price target upped by equities research analysts at UBS Group from $109.00 to $173.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. UBS Group’s price target would indicate a potential upside of 83.19% from the stock’s previous close.
Several other brokerages also recently issued reports on PXD. Mizuho raised their target price on shares of Pioneer Natural Resources from $119.00 to $137.00 in a research note on Friday, June 19th. Scotiabank upgraded shares of Pioneer Natural Resources from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $100.00 to $130.00 in a research report on Monday, June 1st. Credit Suisse Group raised their price objective on shares of Pioneer Natural Resources from $86.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. KeyCorp raised their price objective on shares of Pioneer Natural Resources from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Finally, Raymond James downgraded shares of Pioneer Natural Resources from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $180.00 to $110.00 in a research report on Tuesday, March 17th. Seven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $124.52.
Shares of NYSE:PXD opened at $94.44 on Monday. Pioneer Natural Resources has a 52-week low of $48.62 and a 52-week high of $159.01. The company has a market capitalization of $15.57 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 7.76 and a beta of 1.77. The company has a 50-day simple moving average of $94.57 and a 200 day simple moving average of $108.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 0.99.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, May 6th. The oil and gas development company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Pioneer Natural Resources had a net margin of 7.60% and a return on equity of 10.46%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the business posted $1.83 EPS. Pioneer Natural Resources’s revenue was down 6.5% on a year-over-year basis. As a group, equities analysts forecast that Pioneer Natural Resources will post 1.47 earnings per share for the current year.
In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 1,628 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $109.92, for a total transaction of $178,949.76. Following the sale, the chief accounting officer now owns 8,157 shares of the company’s stock, valued at $896,617.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Chris J. Cheatwood sold 7,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $115.66, for a total transaction of $809,620.00. Following the sale, the executive vice president now directly owns 39,911 shares in the company, valued at approximately $4,616,106.26. The disclosure for this sale can be found here. Insiders sold 16,090 shares of company stock worth $1,822,121 over the last three months. 0.91% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of PXD. Private Advisor Group LLC lifted its holdings in shares of Pioneer Natural Resources by 16.3% during the fourth quarter. Private Advisor Group LLC now owns 3,112 shares of the oil and gas development company’s stock worth $471,000 after purchasing an additional 436 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Pioneer Natural Resources during the fourth quarter worth $348,000. Assetmark Inc. lifted its holdings in shares of Pioneer Natural Resources by 845.7% during the fourth quarter. Assetmark Inc. now owns 766 shares of the oil and gas development company’s stock worth $116,000 after purchasing an additional 685 shares during the period. Mutual Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the fourth quarter worth $225,000. Finally, Korea Investment CORP lifted its holdings in Pioneer Natural Resources by 5.2% in the fourth quarter. Korea Investment CORP now owns 220,596 shares of the oil and gas development company’s stock valued at $33,392,000 after buying an additional 10,900 shares during the period. Institutional investors own 89.26% of the company’s stock.
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.
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