Pioneer Natural Resources (PXD) PT Set at $200.00 by Williams Capital

Pioneer Natural Resources (NYSE:PXD) has been assigned a $200.00 price objective by analysts at Williams Capital in a report released on Thursday, May 4th. The firm presently has a “hold” rating on the oil and gas development company’s stock. Williams Capital’s target price indicates a potential upside of 13.24% from the company’s current price.

A number of other brokerages have also recently issued reports on PXD. Mitsubishi UFJ Financial Group raised Pioneer Natural Resources from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $212.00 to $250.00 in a report on Tuesday, February 14th. Jefferies Group LLC reissued a “buy” rating and set a $245.00 price objective (up from $224.00) on shares of Pioneer Natural Resources in a report on Monday, February 13th. Zacks Investment Research lowered Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Stifel Nicolaus restated a “buy” rating and issued a $267.00 target price on shares of Pioneer Natural Resources in a research note on Wednesday, April 12th. Finally, Scotiabank restated a “buy” rating and issued a $250.00 target price on shares of Pioneer Natural Resources in a research note on Thursday, March 16th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $213.38.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Pioneer Natural Resources had a negative return on equity of 0.33% and a negative net margin of 14.56%. The business’s revenue was up 114.3% on a year-over-year basis. During the same period last year, the business earned ($0.64) earnings per share.

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In related news, CEO Timothy L. Dove sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $193.21, for a total transaction of $231,852.00. Following the transaction, the chief executive officer now directly owns 255,498 shares of the company’s stock, valued at approximately $49,364,768.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephanie D. Stewart sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $191.00, for a total value of $171,900.00. Following the transaction, the vice president now directly owns 11,206 shares in the company, valued at $2,140,346. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,107 shares of company stock worth $2,021,611. Company insiders own 0.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PXD. APG Asset Management N.V. raised its position in shares of Pioneer Natural Resources by 434.6% in the third quarter. APG Asset Management N.V. now owns 273,820 shares of the oil and gas development company’s stock worth $50,835,000 after buying an additional 222,600 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Pioneer Natural Resources by 6.8% in the third quarter. State of Wisconsin Investment Board now owns 174,344 shares of the oil and gas development company’s stock worth $32,367,000 after buying an additional 11,100 shares in the last quarter. Winfield Associates Inc. raised its position in shares of Pioneer Natural Resources by 72.7% in the third quarter. Winfield Associates Inc. now owns 3,860 shares of the oil and gas development company’s stock worth $717,000 after buying an additional 1,625 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Pioneer Natural Resources by 12.0% in the third quarter. Virginia Retirement Systems ET AL now owns 11,200 shares of the oil and gas development company’s stock worth $2,079,000 after buying an additional 1,200 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in shares of Pioneer Natural Resources during the third quarter worth approximately $218,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

12 Month Chart for NYSE:PXD

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