Brokerages Set Pioneer Natural Resources Company (PXD) Target Price at $207.47
Shares of Pioneer Natural Resources Company (NYSE:PXD) have been given an average recommendation of “Buy” by the twenty-five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $207.47.
Several research analysts recently weighed in on PXD shares. Scotiabank reissued a “buy” rating and issued a $245.00 target price on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Williams Capital set a $200.00 target price on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research note on Thursday, May 4th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. KLR Group boosted their target price on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $246.00 target price (up previously from $225.00) on shares of Pioneer Natural Resources in a research note on Thursday, May 11th.
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Shares of Pioneer Natural Resources (NYSE:PXD) traded down 0.94% during trading on Wednesday, hitting $127.99. 762,312 shares of the company’s stock were exchanged. The company has a market cap of $21.77 billion, a P/E ratio of 129.15 and a beta of 0.91. The company has a 50-day moving average of $147.17 and a 200-day moving average of $169.06. Pioneer Natural Resources has a 12-month low of $125.93 and a 12-month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted ($0.22) EPS. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities analysts expect that Pioneer Natural Resources will post $1.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.
In related news, Director J Kenneth Thompson purchased 750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the acquisition, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew F. Cates purchased 350 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,200 shares of company stock valued at $161,102. Corporate insiders own 0.89% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. GWM Advisors LLC bought a new position in Pioneer Natural Resources during the second quarter worth $100,000. Coconut Grove Bank boosted its position in Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 67 shares in the last quarter. Winch Advisory Services LLC bought a new position in Pioneer Natural Resources during the first quarter worth $112,000. Finally, BDO Wealth Advisors LLC bought a new position in Pioneer Natural Resources during the second quarter worth $120,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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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