Pioneer Natural Resources (PXD) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Pioneer Natural Resources (NYSE:PXD) have been given a consensus rating of “Buy” by the thirty-five ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $234.88.

PXD has been the topic of a number of recent research reports. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research note on Tuesday, July 31st. Barclays initiated coverage on Pioneer Natural Resources in a research note on Wednesday, August 29th. They issued an “overweight” rating and a $225.00 target price on the stock. Morgan Stanley boosted their target price on Pioneer Natural Resources from $236.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Piper Jaffray Companies initiated coverage on Pioneer Natural Resources in a research note on Friday, September 28th. They issued an “overweight” rating on the stock. Finally, KLR Group restated a “buy” rating and issued a $254.00 target price on shares of Pioneer Natural Resources in a research note on Monday, August 20th.

Several large investors have recently made changes to their positions in the business. LPL Financial LLC lifted its position in shares of Pioneer Natural Resources by 12.6% during the 1st quarter. LPL Financial LLC now owns 23,710 shares of the oil and gas development company’s stock worth $4,073,000 after purchasing an additional 2,662 shares during the last quarter. Highbridge Capital Management LLC lifted its position in shares of Pioneer Natural Resources by 860.0% during the 1st quarter. Highbridge Capital Management LLC now owns 1,520 shares of the oil and gas development company’s stock worth $261,000 after purchasing an additional 1,720 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Pioneer Natural Resources during the 1st quarter worth about $1,134,000. WINTON GROUP Ltd lifted its position in shares of Pioneer Natural Resources by 195.4% during the 1st quarter. WINTON GROUP Ltd now owns 3,926 shares of the oil and gas development company’s stock worth $674,000 after purchasing an additional 2,597 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in shares of Pioneer Natural Resources by 28,826.7% during the 1st quarter. Summit Trail Advisors LLC now owns 126,699 shares of the oil and gas development company’s stock worth $127,000 after purchasing an additional 126,261 shares during the last quarter. 88.87% of the stock is owned by institutional investors.



Shares of NYSE PXD opened at $143.08 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a one year low of $140.54 and a one year high of $213.40. The stock has a market capitalization of $25.50 billion, a price-to-earnings ratio of 66.24, a PEG ratio of 1.60 and a beta of 0.95.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.27 billion. On average, equities research analysts anticipate that Pioneer Natural Resources will post 6.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were given a $0.16 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.45%. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s payout ratio is currently 14.81%.

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 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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