Pioneer Natural Resources (NYSE:PXD) Given New $237.00 Price Target at Susquehanna

Pioneer Natural Resources (NYSE:PXDGet Free Report) had its price target lowered by investment analysts at Susquehanna from $250.00 to $237.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas development company’s stock. Susquehanna’s target price points to a potential upside of 2.85% from the stock’s current price.

PXD has been the subject of a number of other research reports. Capital One Financial cut Pioneer Natural Resources from an “overweight” rating to an “equal weight” rating and set a $253.00 price target for the company. in a research report on Thursday, October 12th. Argus cut Pioneer Natural Resources from a “buy” rating to a “sell” rating in a research report on Friday, November 24th. Morgan Stanley upped their price target on Pioneer Natural Resources from $230.00 to $236.00 and gave the stock an “underweight” rating in a report on Monday, October 2nd. TD Cowen reiterated a “market perform” rating and issued a $256.00 price objective (down from $280.00) on shares of Pioneer Natural Resources in a report on Thursday, October 19th. Finally, Stifel Nicolaus reduced their price objective on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources has a consensus rating of “Hold” and a consensus price target of $254.19.

View Our Latest Report on Pioneer Natural Resources

Pioneer Natural Resources Trading Up 1.0 %

Shares of NYSE:PXD traded up $2.17 during midday trading on Friday, hitting $230.44. 1,939,997 shares of the stock were exchanged, compared to its average volume of 2,108,411. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.70 and a current ratio of 0.85. The business’s 50-day moving average price is $227.13 and its 200 day moving average price is $230.75. Pioneer Natural Resources has a 12 month low of $177.26 and a 12 month high of $257.76. The stock has a market capitalization of $53.76 billion, a price-to-earnings ratio of 11.00 and a beta of 1.30.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last released its earnings results on Thursday, November 2nd. The oil and gas development company reported $5.83 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $0.30. Pioneer Natural Resources had a return on equity of 23.48% and a net margin of 26.52%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.23 billion. Analysts predict that Pioneer Natural Resources will post 21.21 earnings per share for the current year.

Insider Activity at Pioneer Natural Resources

In other Pioneer Natural Resources news, Director Maria S. Dreyfus sold 10,632 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $226.62, for a total value of $2,409,423.84. Following the completion of the transaction, the director now directly owns 4,066 shares of the company’s stock, valued at approximately $921,436.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.57% of the stock is owned by insiders.

Institutional Trading of Pioneer Natural Resources

A number of large investors have recently added to or reduced their stakes in the business. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Pioneer Natural Resources by 45.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 21,079 shares of the oil and gas development company’s stock valued at $4,839,000 after purchasing an additional 6,589 shares in the last quarter. Xcel Wealth Management LLC boosted its position in shares of Pioneer Natural Resources by 39.9% during the 2nd quarter. Xcel Wealth Management LLC now owns 4,720 shares of the oil and gas development company’s stock valued at $978,000 after acquiring an additional 1,345 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Pioneer Natural Resources by 27.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 782 shares of the oil and gas development company’s stock valued at $162,000 after acquiring an additional 167 shares in the last quarter. SCP Investment LP boosted its position in shares of Pioneer Natural Resources by 80.0% during the 3rd quarter. SCP Investment LP now owns 1,800 shares of the oil and gas development company’s stock valued at $413,000 after acquiring an additional 800 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Pioneer Natural Resources by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,813 shares of the oil and gas development company’s stock valued at $6,798,000 after acquiring an additional 5,171 shares in the last quarter. 82.72% of the stock is currently owned by institutional investors.

Pioneer Natural Resources Company Profile

(Get Free Report)

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 in the Midland Basin in West Texas. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

Further Reading

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.