Pioneer Natural Resources Company (NYSE:PXD) received a $180.00 price objective from equities research analysts at KeyCorp in a research report issued on Saturday. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. KeyCorp’s target price suggests a potential upside of 16.81% from the company’s current price. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $1.50 EPS and FY2018 earnings at $2.32 EPS.

Other equities analysts have also recently issued research reports about the company. Citigroup Inc. reduced their price target on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $214.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Barclays PLC set a $136.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $194.20.

Pioneer Natural Resources (NYSE PXD) opened at $154.10 on Friday. The firm has a market capitalization of $26,222.43, a PE ratio of 107.76, a P/E/G ratio of 9.92 and a beta of 0.96. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. Pioneer Natural Resources’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. analysts forecast that Pioneer Natural Resources will post 1.53 earnings per share for the current fiscal year.

In related news, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,490 shares of company stock valued at $2,926,897. Insiders own 0.89% of the company’s stock.

Large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its holdings in shares of Pioneer Natural Resources by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock valued at $36,561,000 after purchasing an additional 4,040 shares during the last quarter. Summit Global Investments grew its position in Pioneer Natural Resources by 83.4% in the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock worth $1,465,000 after acquiring an additional 4,173 shares during the period. State of Tennessee Treasury Department grew its position in Pioneer Natural Resources by 66.4% in the second quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock worth $30,504,000 after acquiring an additional 76,268 shares during the period. First Washington CORP grew its position in Pioneer Natural Resources by 34.0% in the second quarter. First Washington CORP now owns 16,385 shares of the oil and gas development company’s stock worth $2,615,000 after acquiring an additional 4,160 shares during the period. Finally, Clinton Group Inc. purchased a new position in Pioneer Natural Resources in the second quarter worth approximately $642,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

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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)

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