Credit Suisse Group set a $218.00 price objective on Pioneer Natural Resources (NYSE:PXD) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the oil and gas development company’s stock. The analysts noted that the move was a valuation call.

Other analysts have also recently issued reports about the company. Mizuho reiterated a buy rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a report on Friday, November 3rd. JPMorgan Chase & Co. set a $185.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Wednesday, January 3rd. KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Saturday, October 21st. Williams Capital reduced their target price on Pioneer Natural Resources from $165.00 to $162.00 and set a hold rating on the stock in a report on Wednesday, October 18th. Finally, BMO Capital Markets set a $200.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $197.99.

Shares of Pioneer Natural Resources (PXD) opened at $188.36 on Tuesday. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $199.83. The company has a market capitalization of $32,050.00, a P/E ratio of 258.03, a P/E/G ratio of 4.47 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 earnings results 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 return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. equities analysts predict that Pioneer Natural Resources will post 1.7 EPS for the current fiscal year.

In other news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s 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 transaction, the executive vice president now directly owns 22,964 shares of the company’s stock, valued at $3,963,586.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the transaction, the chief executive officer now directly owns 260,083 shares in the company, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold a total of 42,916 shares of company stock worth $6,976,992 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Several large investors have recently modified their holdings of the company. Community Trust & Investment Co. raised its position in shares of Pioneer Natural Resources by 0.6% during the fourth quarter. Community Trust & Investment Co. now owns 98,829 shares of the oil and gas development company’s stock worth $17,083,000 after purchasing an additional 622 shares during the period. Miller Howard Investments Inc. NY raised its position in shares of Pioneer Natural Resources by 2.7% during the fourth quarter. Miller Howard Investments Inc. NY now owns 41,204 shares of the oil and gas development company’s stock worth $7,122,000 after purchasing an additional 1,089 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Pioneer Natural Resources during the fourth quarter worth approximately $1,414,000. Robeco Institutional Asset Management B.V. raised its position in shares of Pioneer Natural Resources by 32.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,170 shares of the oil and gas development company’s stock worth $2,623,000 after purchasing an additional 3,731 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Pioneer Natural Resources during the fourth quarter worth approximately $34,587,000. 90.81% 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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