Pioneer Natural Resources (NYSE:PXD) had its target price reduced by Imperial Capital from $232.00 to $222.00 in a report released on Thursday morning. They currently have an outperform rating on the oil and gas development company’s stock.

Several other research analysts have also recently commented on the stock. BMO Capital Markets reiterated a buy rating and set a $260.00 price target on shares of Pioneer Natural Resources in a report on Wednesday, April 11th. Credit Suisse Group set a $245.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a report on Thursday, May 3rd. Jefferies Financial Group reiterated a buy rating and set a $240.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 26th. Stifel Nicolaus set a $308.00 price target on shares of Pioneer Natural Resources and gave the stock a buy rating in a report on Tuesday, April 24th. Finally, KeyCorp boosted their price target on shares of Pioneer Natural Resources from $195.00 to $220.00 and gave the stock a buy rating in a report on Monday, April 23rd. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $230.68.

Shares of Pioneer Natural Resources traded up $0.49, reaching $186.14, during trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 1,310,610 shares, compared to its average volume of 1,210,330. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.09. The stock has a market capitalization of $31.64 billion, a P/E ratio of 86.18, a price-to-earnings-growth ratio of 1.91 and a beta of 0.88. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%. research analysts forecast that Pioneer Natural Resources will post 7.25 EPS for the current fiscal year.

In other news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $212.63, for a total transaction of $2,126,300.00. Following the transaction, the director now directly owns 566,894 shares of the company’s stock, valued at approximately $120,538,671.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry R. Grillot sold 200 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $191.13, for a total transaction of $38,226.00. Following the transaction, the director now directly owns 8,061 shares in the company, valued at $1,540,698.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,296 shares of company stock worth $3,652,624. Corporate insiders own 0.92% of the company’s stock.

Several large investors have recently bought and sold shares of the company. FDx Advisors Inc. raised its holdings in Pioneer Natural Resources by 6.2% in the first quarter. FDx Advisors Inc. now owns 9,037 shares of the oil and gas development company’s stock valued at $1,552,000 after buying an additional 528 shares during the period. Wells Fargo & Company MN raised its stake in shares of Pioneer Natural Resources by 20.8% during the first quarter. Wells Fargo & Company MN now owns 707,909 shares of the oil and gas development company’s stock valued at $121,605,000 after purchasing an additional 121,681 shares during the period. Tower Bridge Advisors raised its stake in shares of Pioneer Natural Resources by 143.7% during the first quarter. Tower Bridge Advisors now owns 25,557 shares of the oil and gas development company’s stock valued at $4,390,000 after purchasing an additional 15,072 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC raised its stake in shares of Pioneer Natural Resources by 57.5% during the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 51,320 shares of the oil and gas development company’s stock valued at $8,816,000 after purchasing an additional 18,730 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Pioneer Natural Resources by 7.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 8,788 shares of the oil and gas development company’s stock valued at $1,466,000 after purchasing an additional 642 shares during the period. 87.87% of the stock is currently owned by institutional investors and hedge funds.

About Pioneer Natural Resources

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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