MKM Partners initiated coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $213.00 target price on the oil and gas development company’s stock.

A number of other analysts also recently issued reports on PXD. Williams Capital reaffirmed a hold rating and set a $226.00 price target on shares of Pioneer Natural Resources in a report on Wednesday, August 8th. TheStreet downgraded shares of Pioneer Natural Resources from a b- rating to a c+ rating in a report on Tuesday, August 7th. Imperial Capital dropped their price target on shares of Pioneer Natural Resources from $232.00 to $222.00 and set an outperform rating on the stock in a report on Thursday, August 9th. Citigroup dropped their price target on shares of Pioneer Natural Resources from $242.00 to $235.00 and set a buy rating on the stock in a report on Monday, August 13th. Finally, Morgan Stanley dropped their price target on shares of Pioneer Natural Resources from $240.00 to $236.00 and set a buy rating on the stock in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $232.29.

Shares of NYSE PXD opened at $143.00 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The stock has a market cap of $24.31 billion, a PE ratio of 66.20, a P/E/G ratio of 1.64 and a beta of 1.11. Pioneer Natural Resources has a 52-week low of $135.24 and a 52-week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.38. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The business’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. On average, equities research analysts forecast that Pioneer Natural Resources will post 7.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new stake in Pioneer Natural Resources during the 2nd quarter worth approximately $127,000. Kiley Juergens Wealth Management LLC raised its stake in Pioneer Natural Resources by 159.5% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 768 shares of the oil and gas development company’s stock worth $133,000 after acquiring an additional 472 shares during the period. Banco de Sabadell S.A raised its stake in Pioneer Natural Resources by 100.0% during the 3rd quarter. Banco de Sabadell S.A now owns 1,000 shares of the oil and gas development company’s stock worth $173,000 after acquiring an additional 500 shares during the period. Fox Run Management L.L.C. bought a new stake in Pioneer Natural Resources during the 3rd quarter worth approximately $227,000. Finally, Glenmede Trust Co. NA raised its stake in Pioneer Natural Resources by 43.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,322 shares of the oil and gas development company’s stock worth $230,000 after acquiring an additional 401 shares during the period. Institutional investors own 87.14% 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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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