JPMorgan Chase & Co. set a $185.00 price objective on Pioneer Natural Resources (NYSE:PXD) in a report released on Wednesday, January 3rd. The brokerage currently has a buy rating on the oil and gas development company’s stock.

Other research analysts have also recently issued research reports about the company. Credit Suisse Group began coverage on Pioneer Natural Resources in a research note on Monday, December 11th. They set an outperform rating and a $192.00 price objective on the stock. Zacks Investment Research upgraded Pioneer Natural Resources from a hold rating to a buy rating and set a $192.00 price objective on the stock in a research note on Tuesday, December 26th. Morgan Stanley reduced their price objective on Pioneer Natural Resources from $202.00 to $197.00 and set an overweight rating on the stock in a research note on Wednesday, October 18th. KeyCorp set a $180.00 price target on Pioneer Natural Resources and gave the stock a buy rating in a research note on Saturday, November 25th. Finally, Seaport Global Securities upgraded Pioneer Natural Resources from a neutral rating to a buy rating in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the stock. Pioneer Natural Resources currently has an average rating of Buy and an average price target of $197.99.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $187.00 on Wednesday. Pioneer Natural Resources has a 1 year low of $125.46 and a 1 year high of $199.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58. The company has a market capitalization of $31,820.00, a price-to-earnings ratio of 256.16, a PEG ratio of 4.45 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. analysts expect that Pioneer Natural Resources will post 1.72 EPS for the current year.

In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 5,560 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the completion of the sale, the chief executive officer now directly owns 260,083 shares in the company, valued at $41,784,934.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total value of $310,680.00. Following the completion of the sale, the executive vice president now owns 22,964 shares of the company’s stock, valued at $3,963,586.40. The disclosure for this sale can be found here. Insiders sold a total of 42,916 shares of company stock valued at $6,976,992 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Several large investors have recently made changes to their positions in PXD. Robeco Institutional Asset Management B.V. lifted its position in shares of Pioneer Natural Resources by 21.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 12,491 shares of the oil and gas development company’s stock valued at $1,993,000 after acquiring an additional 2,241 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Pioneer Natural Resources by 0.4% in the second quarter. Principal Financial Group Inc. now owns 244,292 shares of the oil and gas development company’s stock worth $38,984,000 after acquiring an additional 992 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Pioneer Natural Resources by 40.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,289 shares of the oil and gas development company’s stock worth $206,000 after acquiring an additional 371 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Pioneer Natural Resources in the second quarter worth $455,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pioneer Natural Resources by 33.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 116,805 shares of the oil and gas development company’s stock worth $18,640,000 after acquiring an additional 28,959 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

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Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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