Cowen set a $225.00 price target on Pioneer Natural Resources (NYSE:PXD) in a report issued on Thursday morning. The firm currently has a buy rating on the oil and gas development company’s stock.

Other research analysts have also issued reports about the company. Jefferies Group upped their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a buy rating in a report on Friday, November 3rd. KeyCorp set a $180.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a report on Saturday, October 21st. Zacks Investment Research upgraded Pioneer Natural Resources from a hold rating to a buy rating and set a $169.00 price target for the company in a report on Wednesday, October 11th. BMO Capital Markets set a $200.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $248.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $195.29.

Pioneer Natural Resources (PXD) opened at $183.17 on Thursday. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a market capitalization of $31,169.12, a P/E ratio of 254.40, a PEG ratio of 4.37 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. equities research analysts anticipate that Pioneer Natural Resources will post 1.65 EPS for the current year.

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $154.47, for a total transaction of $308,940.00. Following the completion of the transaction, the executive vice president now directly owns 48,719 shares in the company, valued at $7,525,623.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total value of $310,680.00. Following the transaction, the executive vice president now owns 22,964 shares of the company’s stock, valued at $3,963,586.40. The disclosure for this sale can be found here. Insiders sold 42,916 shares of company stock valued at $6,976,992 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in PXD. PNC Financial Services Group Inc. raised its stake in Pioneer Natural Resources by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 30,709 shares of the oil and gas development company’s stock worth $4,902,000 after acquiring an additional 125 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Pioneer Natural Resources by 3.2% during the second quarter. Mutual of America Capital Management LLC now owns 20,664 shares of the oil and gas development company’s stock worth $3,298,000 after acquiring an additional 650 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Pioneer Natural Resources by 5.6% during the second quarter. UBS Asset Management Americas Inc. now owns 472,841 shares of the oil and gas development company’s stock worth $75,456,000 after acquiring an additional 25,008 shares in the last quarter. Vanguard Group Inc. raised its stake in Pioneer Natural Resources by 2.5% during the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock worth $1,934,718,000 after acquiring an additional 295,861 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its stake in Pioneer Natural Resources by 29.3% during the second quarter. ETRADE Capital Management LLC now owns 7,684 shares of the oil and gas development company’s stock worth $1,226,000 after acquiring an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Cowen Reiterates “$225.00” Price Target for Pioneer Natural Resources (PXD)” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.watchlistnews.com/cowen-reiterates-225-00-price-target-for-pioneer-natural-resources-pxd/1817468.html.

About Pioneer Natural Resources

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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.