Pioneer Natural Resources (PXD) Receives “Hold” Rating from Oppenheimer

Oppenheimer reaffirmed their hold rating on shares of Pioneer Natural Resources (NYSE:PXD) in a report issued on Thursday morning.

Several other equities research analysts also recently issued reports on PXD. Wells Fargo & Co restated a market perform rating and issued a $227.00 price target on shares of Pioneer Natural Resources in a report on Wednesday. Zacks Investment Research upgraded Pioneer Natural Resources from a hold rating to a buy rating and set a $183.00 price target for the company in a report on Tuesday. Williams Capital restated a hold rating and issued a $226.00 price target on shares of Pioneer Natural Resources in a report on Tuesday, July 31st. Mizuho began coverage on Pioneer Natural Resources in a report on Monday, July 23rd. They issued a buy rating and a $259.00 price target for the company. Finally, Seaport Global Securities restated a buy rating on shares of Pioneer Natural Resources in a report on Wednesday, July 25th. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $233.93.

Shares of Pioneer Natural Resources stock traded down $3.95 during trading hours on Thursday, hitting $149.66. The company’s stock had a trading volume of 2,349,008 shares, compared to its average volume of 1,523,992. Pioneer Natural Resources has a 12 month low of $140.65 and a 12 month high of $213.40. The company has a market capitalization of $27.78 billion, a P/E ratio of 69.29, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98.



Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). Pioneer Natural Resources had a return on equity of 7.29% and a net margin of 12.23%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.27 billion. On average, equities analysts anticipate that Pioneer Natural Resources will post 6.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a yield of 0.43%. Pioneer Natural Resources’s dividend payout ratio is 14.81%.

A number of hedge funds and other institutional investors have recently modified their holdings of PXD. Summit Trail Advisors LLC boosted its position in Pioneer Natural Resources by 28,826.7% during the first quarter. Summit Trail Advisors LLC now owns 126,699 shares of the oil and gas development company’s stock valued at $127,000 after purchasing an additional 126,261 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $127,000. Kiley Juergens Wealth Management LLC lifted its position in shares of Pioneer Natural Resources by 159.5% in the third quarter. Kiley Juergens Wealth Management LLC now owns 768 shares of the oil and gas development company’s stock valued at $133,000 after buying an additional 472 shares during the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $207,000. Finally, Welch & Forbes LLC acquired a new stake in shares of Pioneer Natural Resources in the second quarter valued at approximately $218,000. 88.86% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Market Capitalization – What it Means for Investors

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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