Pioneer Natural Resources (NYSE: PXD) has recently received a number of price target changes and ratings updates:

  • 2/9/2018 – Pioneer Natural Resources was given a new $226.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 2/8/2018 – Pioneer Natural Resources had its price target raised by analysts at Imperial Capital from $200.00 to $220.00. They now have an “outperform” rating on the stock.
  • 2/8/2018 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $238.00 price target on the stock.
  • 2/7/2018 – Pioneer Natural Resources was given a new $260.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 2/7/2018 – Pioneer Natural Resources had its “positive” rating reaffirmed by analysts at Robert W. Baird. They now have a $216.00 price target on the stock, up previously from $178.00.
  • 2/6/2018 – Pioneer Natural Resources was upgraded by analysts at TheStreet from a “c” rating to a “b” rating.
  • 2/6/2018 – Pioneer Natural Resources was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $180.00 price target on the stock.
  • 2/5/2018 – Pioneer Natural Resources is now covered by analysts at B. Riley. They set a “buy” rating and a $305.00 price target on the stock.
  • 1/30/2018 – Pioneer Natural Resources was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 1/30/2018 – Pioneer Natural Resources was given a new $260.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 1/24/2018 – Pioneer Natural Resources had its price target raised by analysts at Morgan Stanley from $197.00 to $229.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Pioneer Natural Resources was given a new $218.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/21/2018 – Pioneer Natural Resources was given a new $195.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 1/18/2018 – Pioneer Natural Resources was given a new $225.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 1/17/2018 – Pioneer Natural Resources had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $207.00 price target on the stock.
  • 1/17/2018 – Pioneer Natural Resources was downgraded by analysts at UBS Group AG from a “positive” rating to a “neutral” rating.
  • 1/16/2018 – Pioneer Natural Resources was given a new $202.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 1/11/2018 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $225.00 price target on the stock.
  • 1/9/2018 – Pioneer Natural Resources had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $207.00 price target on the stock.
  • 1/3/2018 – Pioneer Natural Resources was given a new $185.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 12/31/2017 – Pioneer Natural Resources was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/26/2017 – Pioneer Natural Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $192.00 price target on the stock. According to Zacks, “Pioneer remains focused on the Permian Basin, which is among the lucrative oil shale plays with less risk for operation. The region has been growing production even with reduced investment. It is to be noted that Pioneer expects fourth-quarter 2017 production to be in the range of 292 MBOE/D to 302 MBOE/D, significantly higher than 241.8 MBOE/D during the prior-year comparable quarter. The company’s low level of debt is also noteworthy. Since 2016, there has been a steady decline in the company’s long-term debt levels, reflecting strong balance sheet. Pioneer Natural Resources has an encouraging earnings surprise history despite persistent weak commodity prices. The oil & gas exploration and production firm was able to beat the Zacks Consensus Estimate in all the prior four quarters with an average positive earnings surprise of 67.6%.”
  • 12/20/2017 – Pioneer Natural Resources was given a new $192.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 12/19/2017 – Pioneer Natural Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pioneer remains focused on the Permian Basin, which is among the lucrative oil shale plays with less risk for operation. The region has been growing production even with reduced investment. It is to be noted that Pioneer expects fourth-quarter 2017 production to be in the range of 292 MBOE/D to 302 MBOE/D, significantly higher than 241.8 MBOE/D during the prior-year comparable quarter. The company’s low level of debt is also noteworthy. However, we are concerned about the high exploration expenses expected during the fourth quarter of this year. Also, the company looks overvalued as reflected by its EV/EBITDA ratio of 12.4, higher than that of the industry’s 10.8. Therefore, 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.”
  • 12/19/2017 – Pioneer Natural Resources was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating.
  • 12/18/2017 – Pioneer Natural Resources had its price target lowered by analysts at Robert W. Baird from $192.00 to $176.00. They now have an “outperform” rating on the stock.
  • 12/15/2017 – Pioneer Natural Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $176.00 price target on the stock. According to Zacks, “Pioneer remains focused on the Permian Basin, which is among the lucrative oil shale plays with less risk for operation. The region has been growing production even with reduced investment. It is to be noted that Pioneer expects fourth-quarter 2017 production to be in the range of 292 MBOE/D to 302 MBOE/D, significantly higher than 241.8 MBOE/D during the prior-year comparable quarter. The company’s low level of debt is also noteworthy. Since 2016, there has been a steady decline in the company’s long-term debt levels, reflecting strong balance sheet. Pioneer Natural Resources has an encouraging earnings surprise history despite persistent weak commodity prices. The oil & gas exploration and production firm was able to beat the Zacks Consensus Estimate in all the prior four quarters with an average positive earnings surprise of 67.6%.”

Pioneer Natural Resources (NYSE:PXD) opened at $165.05 on Monday. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83. The stock has a market capitalization of $28,085.78, a P/E ratio of 34.03, a P/E/G ratio of 2.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.63. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 48.4% compared to the same quarter last year. analysts anticipate that Pioneer Natural Resources will post 5.39 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.16 dividend. This represents a yield of 0.18%. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio is 1.65%.

In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 1,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $159.51, for a total transaction of $159,510.00. Following the completion of the transaction, the chief executive officer now directly owns 259,083 shares of the company’s stock, valued at approximately $41,326,329.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $172.60, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 27,106 shares of company stock valued at $4,444,339 over the last three months. Corporate insiders own 0.89% 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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