Credit Suisse Group started coverage on shares of Pioneer Natural Resources (NYSE:PXD) in a report issued on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $192.00 price target on the oil and gas development company’s stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley reduced their price objective on shares of Pioneer Natural Resources from $202.00 to $197.00 and set an overweight rating for the company in a research note on Wednesday, October 18th. Jefferies Group set a $171.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Tuesday, August 29th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, November 25th. Stifel Nicolaus set a $248.00 price objective on shares of Pioneer Natural Resources and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Barclays raised their price objective on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the stock an overweight rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $192.37.

Shares of Pioneer Natural Resources (NYSE PXD) opened at $157.06 on Monday. The firm has a market cap of $26,720.00, a PE ratio of 111.18, a price-to-earnings-growth ratio of 10.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. 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 released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. equities research analysts predict that Pioneer Natural Resources will post 1.53 earnings per share for the current year.

In other Pioneer Natural Resources news, Chairman Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $161.14, for a total transaction of $805,700.00. Following the transaction, the chairman now owns 585,466 shares in the company, valued at $94,341,991.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $157.57, for a total transaction of $512,102.50. The disclosure for this sale can be found here. Insiders sold 23,392 shares of company stock worth $3,721,297 in the last three months. Insiders own 0.89% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Hellman Jordan Management Co. Inc. MA lifted its position in shares of Pioneer Natural Resources by 43.0% during the third quarter. Hellman Jordan Management Co. Inc. MA now owns 5,275 shares of the oil and gas development company’s stock valued at $778,000 after buying an additional 1,587 shares during the last quarter. AXA increased its holdings in shares of Pioneer Natural Resources by 17.7% during the third quarter. AXA now owns 164,367 shares of the oil and gas development company’s stock valued at $24,251,000 after acquiring an additional 24,736 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Pioneer Natural Resources during the third quarter valued at about $176,000. Atlantic Trust LLC increased its holdings in shares of Pioneer Natural Resources by 22.0% during the third quarter. Atlantic Trust LLC now owns 2,575 shares of the oil and gas development company’s stock valued at $380,000 after acquiring an additional 465 shares in the last quarter. Finally, Hahn Capital Management LLC increased its holdings in shares of Pioneer Natural Resources by 0.9% during the third quarter. Hahn Capital Management LLC now owns 184,426 shares of the oil and gas development company’s stock valued at $27,210,000 after acquiring an additional 1,637 shares in the last quarter. 90.90% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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