Pioneer Natural Resources (PXD) Receiving Favorable News Coverage, Study Finds
Press coverage about Pioneer Natural Resources (NYSE:PXD) has trended positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pioneer Natural Resources earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave news coverage about the oil and gas development company an impact score of 46.9296572654832 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Pioneer Natural Resources (PXD) Rating Reiterated by BMO Capital Markets (americanbankingnews.com)
- Noteworthy Thursday Option Activity: PXD, TRIP, TTWO (nasdaq.com)
- CNX Resources Offers '18 View, Focuses on Marcellus Shale (finance.yahoo.com)
- PMRG: Dallas-Fort Worth still has one big relocation on the horizon (bizjournals.com)
- SM Energy (SM) to Sell Powder River Basin Assets for $500M (finance.yahoo.com)
Pioneer Natural Resources (NYSE PXD) traded up $1.98 during mid-day trading on Friday, reaching $186.15. 1,356,778 shares of the company’s stock were exchanged, compared to its average volume of 1,500,000. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. 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 market capitalization of $31,660.00, a PE ratio of 255.00, a price-to-earnings-growth ratio of 4.95 and a beta of 0.97.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. equities research analysts forecast that Pioneer Natural Resources will post 1.64 earnings per share for the current fiscal year.
Several research firms have recently issued reports on PXD. BMO Capital Markets reiterated a “buy” rating and set a $225.00 price objective on shares of Pioneer Natural Resources in a research report on Thursday. Piper Jaffray Companies restated a “buy” rating and issued a $207.00 price target on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. JPMorgan Chase & Co. set a $185.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a research report on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $193.80.
In other news, SVP Frank E. Hopkins sold 2,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $160.00, for a total transaction of $320,000.00. Following the completion of the sale, the senior vice president now directly owns 38,101 shares of the company’s stock, valued at $6,096,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark H. Kleinman sold 2,582 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the sale, the senior vice president now directly owns 12,861 shares of the company’s stock, valued at $2,036,796.57. The disclosure for this sale can be found here. Insiders have sold 42,916 shares of company stock worth $6,976,992 in the last quarter. Company insiders own 0.89% 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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