Pioneer Natural Resources (NYSE:PXD)‘s stock had its “buy” rating reiterated by BMO Capital Markets in a report released on Thursday. They presently have a $225.00 target price on the oil and gas development company’s stock. BMO Capital Markets’ price target points to a potential upside of 22.17% from the stock’s current price.

Several other equities analysts also recently commented on the company. Piper Jaffray Companies restated a “buy” rating and issued a $207.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday. JPMorgan Chase & Co. set a $185.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price objective on the stock in a research report on Tuesday, December 26th. Finally, Jefferies Group set a $192.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $193.80.

Shares of Pioneer Natural Resources (NYSE PXD) traded up $5.43 during trading on Thursday, hitting $184.17. The stock had a trading volume of 2,670,000 shares, compared to its average volume of 1,430,000. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The stock has a market capitalization of $31,330.00, a P/E ratio of 252.29, a price-to-earnings-growth ratio of 4.72 and a beta of 0.97. 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 announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a negative return on equity of 0.87% and a negative net margin of 1.46%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. analysts forecast that Pioneer Natural Resources will post 1.61 earnings per share for the current year.

In other Pioneer Natural Resources news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $157.57, for a total transaction of $512,102.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Chris J. Cheatwood sold 2,201 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $167.82, for a total value of $369,371.82. Following the sale, the executive vice president now directly owns 42,909 shares in the company, valued at $7,200,988.38. The disclosure for this sale can be found here. Insiders sold 42,916 shares of company stock worth $6,976,992 over the last ninety days. Insiders own 0.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PXD. Oppenheimer Asset Management Inc. increased its stake in Pioneer Natural Resources by 40.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,289 shares of the oil and gas development company’s stock worth $206,000 after acquiring an additional 371 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares during the last quarter. Raymond James Trust N.A. increased its stake in Pioneer Natural Resources by 38.0% during the second quarter. Raymond James Trust N.A. now owns 1,678 shares of the oil and gas development company’s stock worth $268,000 after acquiring an additional 462 shares during the last quarter. South State Corp bought a new stake in Pioneer Natural Resources during the second quarter worth approximately $239,000. Finally, Seven Eight Capital LP bought a new stake in Pioneer Natural Resources during the second quarter worth approximately $986,000. 90.69% of the stock is currently owned by 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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