Pioneer Natural Resources (PXD) PT Raised to $186.00 at Morgan Stanley

Pioneer Natural Resources (NYSE:PXD) had its price objective upped by Morgan Stanley from $184.00 to $186.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the oil and gas development company’s stock. Morgan Stanley’s target price would suggest a potential upside of 20.87% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. S&P Equity Research reissued an “overweight” rating and set a $205.00 price objective (up from $185.00) on shares of Pioneer Natural Resources in a report on Wednesday, May 8th. Imperial Capital decreased their price objective on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. TheStreet raised shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a report on Friday, April 26th. Finally, SunTrust Banks set a $205.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $206.30.

Pioneer Natural Resources stock traded up $3.53 during trading hours on Thursday, hitting $153.89. The stock had a trading volume of 298,241 shares, compared to its average volume of 1,955,463. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. The stock has a market capitalization of $26.03 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.02. Pioneer Natural Resources has a 12-month low of $119.08 and a 12-month high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, equities research analysts forecast that Pioneer Natural Resources will post 8.81 EPS for the current fiscal year.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 888 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Pioneer Natural Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 744,629 shares of the oil and gas development company’s stock valued at $129,706,000 after purchasing an additional 15,319 shares in the last quarter. Morgan Stanley raised its stake in Pioneer Natural Resources by 6.8% during the third quarter. Morgan Stanley now owns 1,026,609 shares of the oil and gas development company’s stock valued at $178,825,000 after purchasing an additional 65,096 shares in the last quarter. First Hawaiian Bank raised its stake in Pioneer Natural Resources by 39.5% during the fourth quarter. First Hawaiian Bank now owns 2,433 shares of the oil and gas development company’s stock valued at $320,000 after purchasing an additional 689 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Pioneer Natural Resources by 13.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 10,941 shares of the oil and gas development company’s stock valued at $1,439,000 after purchasing an additional 1,258 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Pioneer Natural Resources by 21.4% during the fourth quarter. First Citizens Bank & Trust Co. now owns 6,029 shares of the oil and gas development company’s stock valued at $793,000 after purchasing an additional 1,063 shares in the last quarter. Institutional investors and hedge funds own 89.22% of the company’s stock.

Pioneer Natural Resources Company Profile

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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