Pioneer Natural Resources (PXD) Receiving Somewhat Favorable Media Coverage, Analysis Finds
News headlines about Pioneer Natural Resources (NYSE:PXD) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pioneer Natural Resources earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the oil and gas development company an impact score of 47.4900526718705 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Seaport Global Securities Comments on Pioneer Natural Resources’ Q2 2018 Earnings (PXD) (americanbankingnews.com)
- Q1 2019 EPS Estimates for Pioneer Natural Resources (PXD) Boosted by Seaport Global Securities (americanbankingnews.com)
- Comparing Energy XXI Gulf Coast (EGC) and Pioneer Natural Resources (PXD) (americanbankingnews.com)
- Pioneer Natural Resources: A Minor Setback (seekingalpha.com)
- Analyzing US Natural Gas Inventories (finance.yahoo.com)
A number of research firms have recently weighed in on PXD. UBS Group began coverage on Pioneer Natural Resources in a report on Wednesday, March 7th. They set a “buy” rating and a $215.00 target price for the company. Goldman Sachs Group raised Pioneer Natural Resources from a “buy” rating to a “conviction-buy” rating in a report on Thursday, April 12th. Jefferies Financial Group reissued a “buy” rating and set a $240.00 target price on shares of Pioneer Natural Resources in a report on Thursday, April 26th. Royal Bank of Canada set a $225.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, April 13th. Finally, ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $221.34.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.16. Pioneer Natural Resources had a return on equity of 5.57% and a net margin of 15.56%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue was up 56.5% on a year-over-year basis. sell-side analysts anticipate that Pioneer Natural Resources will post 7.16 EPS for the current fiscal year.
In related news, Director Edison C. Buchanan sold 2,693 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $203.04, for a total value of $546,786.72. Following the sale, the director now directly owns 24,596 shares in the company, valued at $4,993,971.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry R. Grillot sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $191.13, for a total value of $38,226.00. Following the completion of the sale, the director now owns 8,061 shares in the company, valued at $1,540,698.93. The disclosure for this sale can be found here. Insiders sold 73,265 shares of company stock worth $14,990,928 over the last quarter. 0.92% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.