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SunTrust boosted their price target on shares of Pioneer Natural Resources (NYSE:PXD) to $266.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. SunTrust’s price objective would indicate a potential upside of 18.68% from the stock’s previous close.

Pioneer Natural Resources (NYSE:PXD) traded down 1.33% on Friday, hitting $221.16. 503,289 shares of the company’s stock traded hands. Pioneer Natural Resources has a one year low of $150.65 and a one year high of $234.20. The stock has a 50-day moving average of $220.8 and a 200-day moving average of $195.8. The company’s market cap is $31.636 billion.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $5.64 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on PXD. Analysts at Howard Weil raised their price target on shares of Pioneer Natural Resources from $212.00 to $240.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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