National Alliance Securities upgraded shares of Pioneer Natural Resources (NYSE:PXD) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

A number of other analysts also recently issued reports on PXD. Jefferies Group restated a buy rating and issued a $238.00 price target on shares of Pioneer Natural Resources in a research report on Thursday, February 8th. SunTrust Banks downgraded Pioneer Natural Resources from a buy rating to a hold rating and set a $180.00 price target for the company. in a research report on Tuesday, February 6th. Stifel Nicolaus set a $260.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research report on Wednesday, February 7th. Imperial Capital raised their price target on Pioneer Natural Resources from $200.00 to $220.00 and gave the stock an outperform rating in a research report on Thursday, February 8th. Finally, Piper Jaffray Companies set a $226.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $207.88.

Pioneer Natural Resources (PXD) opened at $171.03 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $29,100.00, a P/E ratio of 34.90, a PEG ratio of 2.84 and a beta of 0.92. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83.

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

Pioneer Natural Resources announced that its board has authorized a stock repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas development company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.16 per share. This represents a dividend yield of 0.18%. This is an increase 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 (DPR) is 1.63%.

In other news, EVP Jerome D. Hall, Jr. sold 1,800 shares of Pioneer Natural Resources stock in a transaction 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 completion of the sale, the executive vice president now directly owns 22,964 shares in the company, valued at $3,963,586.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry R. Grillot sold 200 shares of Pioneer Natural Resources stock in a transaction on Monday, December 11th. The stock was sold at an average price of $159.35, for a total value of $31,870.00. Following the sale, the director now owns 7,097 shares of the company’s stock, valued at $1,130,906.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,306 shares of company stock valued at $4,164,925. Corporate insiders own 0.89% of the company’s stock.

Several large investors have recently added to or reduced their stakes in PXD. WFG Advisors LP increased its stake in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after buying an additional 102 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Pioneer Natural Resources by 22.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,472 shares of the oil and gas development company’s stock valued at $254,000 after buying an additional 273 shares during the period. Cobiz Wealth LLC increased its stake in shares of Pioneer Natural Resources by 0.8% during the fourth quarter. Cobiz Wealth LLC now owns 33,971 shares of the oil and gas development company’s stock valued at $5,872,000 after buying an additional 276 shares during the period. E&G Advisors LP increased its stake in shares of Pioneer Natural Resources by 5.7% during the fourth quarter. E&G Advisors LP now owns 5,600 shares of the oil and gas development company’s stock valued at $968,000 after buying an additional 300 shares during the period. Finally, Reliant Investment Management LLC increased its stake in shares of Pioneer Natural Resources by 1.5% during the fourth quarter. Reliant Investment Management LLC now owns 22,296 shares of the oil and gas development company’s stock valued at $3,854,000 after buying an additional 325 shares during the period. Institutional investors and hedge funds own 90.58% 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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