Pioneer Natural Resources (NYSE:PXD) Stock Rating Upgraded by Mizuho

Pioneer Natural Resources (NYSE:PXD) was upgraded by stock analysts at Mizuho from a “neutral” rating to a “buy” rating in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $191.00 price objective on the oil and gas development company’s stock. Mizuho’s target price points to a potential upside of 44.14% from the stock’s previous close.

Several other analysts also recently weighed in on the company. TD Securities dropped their price target on Pioneer Natural Resources from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Piper Jaffray Companies set a $202.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 16th. Robert W. Baird upped their target price on Pioneer Natural Resources from $142.00 to $157.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Seaport Global Securities restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, June 21st. Finally, TheStreet downgraded Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $192.14.

Pioneer Natural Resources stock opened at $132.51 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.86. The business’s 50-day simple moving average is $127.89 and its two-hundred day simple moving average is $142.11. The company has a market cap of $21.15 billion, a PE ratio of 17.84, a PEG ratio of 0.71 and a beta of 1.14. Pioneer Natural Resources has a fifty-two week low of $114.79 and a fifty-two week high of $178.22.



Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.13. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, analysts predict that Pioneer Natural Resources will post 8.32 EPS for the current fiscal year.

In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 500 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $121.01 per share, for a total transaction of $60,505.00. Following the completion of the transaction, the director now owns 13,024 shares of the company’s stock, valued at approximately $1,576,034.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chris J. Cheatwood sold 5,619 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $140.35, for a total value of $788,626.65. Following the transaction, the executive vice president now owns 39,027 shares in the company, valued at approximately $5,477,439.45. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

A number of hedge funds have recently modified their holdings of PXD. Berman Capital Advisors LLC raised its holdings in shares of Pioneer Natural Resources by 64.9% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 87 shares during the last quarter. Parallax Volatility Advisers L.P. raised its holdings in shares of Pioneer Natural Resources by 1,606.7% during the second quarter. Parallax Volatility Advisers L.P. now owns 256 shares of the oil and gas development company’s stock valued at $39,000 after acquiring an additional 241 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $53,000. Foresters Asset Management Inc. raised its holdings in shares of Pioneer Natural Resources by 35.7% during the second quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after acquiring an additional 100 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its holdings in shares of Pioneer Natural Resources by 264.8% during the second quarter. Carroll Financial Associates Inc. now owns 394 shares of the oil and gas development company’s stock valued at $60,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 87.48% 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 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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