UBS Group lowered shares of Pioneer Natural Resources (NYSE:PXD) from a positive rating to a neutral rating in a research note released on Wednesday morning, The Fly reports.

Several other equities analysts also recently weighed in on PXD. Mizuho reissued a buy rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a research note on Friday, September 29th. Stifel Nicolaus set a $248.00 price target on shares of Pioneer Natural Resources and gave the company a buy rating in a research report on Thursday, October 5th. Jefferies Group reiterated a buy rating and set a $180.00 price target on shares of Pioneer Natural Resources in a research report on Tuesday, October 10th. BMO Capital Markets set a $200.00 price target on shares of Pioneer Natural Resources and gave the company a buy rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $169.00 price objective for the company in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $195.29.

Pioneer Natural Resources (PXD) traded down $1.21 during trading hours on Wednesday, hitting $183.17. 1,668,107 shares of the stock traded hands, compared to its average volume of 1,332,232. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $31,375.08, a P/E ratio of 254.40, a P/E/G ratio of 4.40 and a beta of 0.97. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. analysts expect that Pioneer Natural Resources will post 1.65 earnings per share for the current year.

In related news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $157.57, for a total value of $512,102.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of Pioneer Natural Resources stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total transaction of $310,680.00. Following the completion of the transaction, the executive vice president now owns 22,964 shares of the company’s stock, valued at approximately $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 in the last quarter. 0.89% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of PXD. Nordea Investment Management AB increased its holdings in shares of Pioneer Natural Resources by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock valued at $1,277,000 after acquiring an additional 41 shares during the period. FTB Advisors Inc. increased its stake in Pioneer Natural Resources by 1.7% in the 2nd quarter. FTB Advisors Inc. now owns 2,646 shares of the oil and gas development company’s stock worth $402,000 after purchasing an additional 43 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Pioneer Natural Resources by 10.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares in the last quarter. Dana Investment Advisors Inc. increased its stake in Pioneer Natural Resources by 1.1% in the 2nd quarter. Dana Investment Advisors Inc. now owns 7,426 shares of the oil and gas development company’s stock worth $1,185,000 after purchasing an additional 84 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its stake in Pioneer Natural Resources by 2.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 4,063 shares of the oil and gas development company’s stock worth $648,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

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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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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