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Howard Weil lifted their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $212.00 to $240.00 in a research note issued on Thursday. The firm currently has a “sector perform” rating on the stock. Howard Weil’s target price would indicate a potential upside of 7.90% from the company’s current price.

Pioneer Natural Resources (NYSE:PXD) traded up 1.13% on Thursday, hitting $224.94. 331,664 shares of the company’s stock traded hands. Pioneer Natural Resources has a 52-week low of $150.65 and a 52-week high of $234.20. The stock has a 50-day moving average of $221. and a 200-day moving average of $196.1. The company’s market cap is $32.177 billion.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.19. The company had revenue of $963.00 million for the quarter, compared to the consensus estimate of $867.70 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $5.69 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday, July 1st. They set a “buy” rating and a $274.00 price target on the stock. Separately, analysts at GMP Securities initiated coverage on shares of Pioneer Natural Resources in a research note on Tuesday, June 24th. They set a “buy” rating and a $286.00 price target on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Pioneer Natural Resources from a “buy” rating to an “accumulate” rating in a research note on Tuesday, June 17th. They now have a $260.00 price target on the stock, up previously from $220.00. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. Pioneer Natural Resources has an average rating of “Hold” and a consensus price target of $220.29.

Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.

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