Pioneer Natural Resources (NYSE:PXD) has earned a consensus rating of “Buy” from the thirty-five ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $208.94.

A number of research firms have recently issued reports on PXD. S&P Equity Research reiterated an “overweight” rating and set a $205.00 price objective (up from $185.00) on shares of Pioneer Natural Resources in a research note on Wednesday, May 8th. Imperial Capital dropped their price objective on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet upgraded shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. Finally, SunTrust Banks set a $205.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday, April 23rd.

Shares of NYSE:PXD opened at $147.22 on Friday. The company has a market cap of $25.85 billion, a PE ratio of 23.33, a P/E/G ratio of 0.98 and a beta of 1.02. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $213.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 0.99.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Sell-side analysts anticipate that Pioneer Natural Resources will post 8.61 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning boosted its stake in Pioneer Natural Resources by 0.8% in the first quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock valued at $1,101,000 after acquiring an additional 59 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Pioneer Natural Resources by 15.6% in the first quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock worth $55,000 after buying an additional 67 shares during the last quarter. Kaizen Advisory LLC raised its holdings in shares of Pioneer Natural Resources by 21.6% in the fourth quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock worth $60,000 after buying an additional 81 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of Pioneer Natural Resources by 11.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 830 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 86 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Pioneer Natural Resources by 5.1% in the fourth quarter. First Allied Advisory Services Inc. now owns 1,989 shares of the oil and gas development company’s stock worth $259,000 after buying an additional 96 shares during the last quarter. Institutional investors own 88.94% of the company’s stock.

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.

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Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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