Pioneer Natural Resources Company (PXD) Given a $180.00 Price Target by KeyCorp Analysts

KeyCorp set a $180.00 target price on Pioneer Natural Resources Company (NYSE:PXD) in a research note published on Saturday. The firm currently has a buy rating on the oil and gas development company’s stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $1.50 EPS and FY2018 earnings at $2.32 EPS.

Several other research firms have also commented on PXD. Williams Capital set a $184.00 price objective on shares of Pioneer Natural Resources and gave the stock a hold rating in a research note on Wednesday, August 2nd. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an outperform rating to a market perform rating and cut their price target for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a hold rating to a buy rating and set a $180.00 price target on the stock in a research note on Friday, November 10th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the company a buy rating in a research note on Saturday. Finally, Barclays PLC upped their price target on shares of Pioneer Natural Resources from $147.00 to $156.00 and gave the company an overweight rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $194.20.

Pioneer Natural Resources (PXD) opened at $154.10 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. The company has a market cap of $26,222.43, a P/E ratio of 107.76, a P/E/G ratio of 9.92 and a beta of 0.96. 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 quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. analysts forecast that Pioneer Natural Resources will post 1.53 earnings per share for the current year.

In other news, CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now directly owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Insiders sold a total of 18,490 shares of company stock worth $2,926,897 over the last ninety days. Insiders own 0.89% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Cadence Capital Management LLC boosted its holdings in shares of Pioneer Natural Resources by 0.5% in the 2nd quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after acquiring an additional 30 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Pioneer Natural Resources by 2.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock valued at $250,000 after acquiring an additional 40 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Pioneer Natural Resources by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 8,003 shares of the oil and gas development company’s stock valued at $1,277,000 after acquiring an additional 41 shares during the last quarter. Intrust Bank NA boosted its holdings in shares of Pioneer Natural Resources by 2.6% in the 2nd quarter. Intrust Bank NA now owns 1,683 shares of the oil and gas development company’s stock valued at $269,000 after acquiring an additional 43 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Pioneer Natural Resources by 0.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 5,043 shares of the oil and gas development company’s stock worth $805,000 after buying an additional 43 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was first posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://transcriptdaily.com/2017/11/26/pioneer-natural-resources-company-pxd-given-a-180-00-price-target-by-keycorp-analysts.html.

About Pioneer Natural Resources

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)

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

Leave a Reply