Pioneer Natural Resources (NYSE:PXD) Price Target Raised to $275.00 at Stifel Nicolaus

Pioneer Natural Resources (NYSE:PXD) had its target price increased by research analysts at Stifel Nicolaus from $237.00 to $275.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the oil and gas development company’s stock. Stifel Nicolaus’ price target suggests a potential downside of 0.19% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. StockNews.com initiated coverage on Pioneer Natural Resources in a report on Sunday. They issued a “hold” rating for the company. Susquehanna raised their target price on Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday. Mizuho raised their target price on Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Finally, Truist Financial raised their target price on Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $264.10.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD opened at $275.52 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.88 and a quick ratio of 0.72. The stock has a fifty day moving average price of $253.53 and a 200 day moving average price of $239.42. Pioneer Natural Resources has a 1-year low of $196.74 and a 1-year high of $278.83. The company has a market cap of $64.37 billion, a PE ratio of 13.61 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the business earned $5.91 earnings per share. Pioneer Natural Resources’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Pioneer Natural Resources will post 21.66 EPS for the current year.

Insider Activity at Pioneer Natural Resources

In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark H. Kleinman sold 3,500 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the completion of the transaction, the executive vice president now owns 49,856 shares of the company’s stock, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher L. Washburn sold 1,416 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,990 shares of the company’s stock, valued at approximately $1,302,140.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock valued at $9,067,373. 0.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hartford Financial Management Inc. increased its stake in shares of Pioneer Natural Resources by 61.1% during the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Sachetta LLC acquired a new position in shares of Pioneer Natural Resources during the 4th quarter valued at about $27,000. BluePath Capital Management LLC acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at about $29,000. Carmel Capital Partners LLC acquired a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at about $34,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Pioneer Natural Resources by 85.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.