Several analysts have recently updated their ratings and price targets for Pioneer Natural Resources (NYSE: PXD):

  • 8/8/2017 – Pioneer Natural Resources was given a new $214.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 8/8/2017 – Pioneer Natural Resources was given a new $236.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 8/4/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/4/2017 – Pioneer Natural Resources was given a new $136.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 8/2/2017 – Pioneer Natural Resources was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating. They now have a $160.00 price target on the stock, down previously from $190.00.
  • 8/2/2017 – Pioneer Natural Resources was given a new $184.00 price target on by analysts at Williams Capital. They now have a “hold” rating on the stock.
  • 8/2/2017 – Pioneer Natural Resources had its “overweight” rating reaffirmed by analysts at Capital One Financial Corporation.
  • 7/27/2017 – Pioneer Natural Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Though Pioneer Natural Resources holds considerable acreage in the Permian Basin, its portfolio lacks diversification. Thus, its results will likely lag its peers who have acreage in the core region of other plays. The company is facing pressure on top line. Over the past three years (2014–2016), total revenues declined at a CAGR of 13.2%. Continued pressure on oil and gas prices are the primarily reasons for decrease in revenues. Moreover, we see limited upside potential for shares, taking into consideration Pioneer’s sensitivity to gas/oil price volatility, as well as its drilling results, costs, geo-political risks and project timing delays.”
  • 7/25/2017 – Pioneer Natural Resources was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/21/2017 – Pioneer Natural Resources had its price target lowered by analysts at Citigroup Inc. from $210.00 to $190.00. They now have a “buy” rating on the stock.
  • 7/19/2017 – Pioneer Natural Resources was given a new $210.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/17/2017 – Pioneer Natural Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “The pricing scenario of oil and natural gas has been weak since mid-2014 level following oversupplied commodity market. The development to this front could harm Pioneer Natural’s cashflows as the company could sell the commodities at lower prices. The pricing chart also shows significant weaknesses as reflected that year-to-date, Pioneer Natural fell more than 10% while the Zacks categorized Oil & Gas-U.S Exploration & Production industry slipped almost 26%. Moreover, to a certain extent, the company’s long-term production and reserve growth depends on its acquire-and-exploit model. In keeping with this, Pioneer Natural Resources may find it difficult to complete accretive transactions in the future. This could, in turn, negatively impact its growth rate.”
  • 7/14/2017 – Pioneer Natural Resources had its price target lowered by analysts at BMO Capital Markets from $240.00 to $230.00. They now have an “outperform” rating on the stock.
  • 7/14/2017 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $268.00 price target on the stock.
  • 7/7/2017 – Pioneer Natural Resources had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 7/5/2017 – Pioneer Natural Resources was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/1/2017 – Pioneer Natural Resources was given a new $210.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 6/17/2017 – Pioneer Natural Resources was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/17/2017 – Pioneer Natural Resources was given a new $233.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down 1.66% during trading on Thursday, hitting $135.26. The company had a trading volume of 2,191,116 shares. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 136.49 and a beta of 0.91. The stock has a 50-day moving average of $155.77 and a 200 day moving average of $173.31. Pioneer Natural Resources Company has a 12-month low of $128.50 and a 12-month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the company earned ($0.22) earnings per share. The firm’s revenue was up 107.4% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources Company will post $1.13 EPS for the current fiscal year.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the sale, the executive vice president now owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

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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