Pioneer Natural Resources (NYSE:PXD) had its price objective cut by stock analysts at Morgan Stanley from $206.00 to $200.00 in a report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the oil and gas development company’s stock. Morgan Stanley’s price target points to a potential upside of 11.27% from the company’s current price.
Other research analysts also recently issued reports about the stock. TheStreet raised shares of Pioneer Natural Resources from a “c+” rating to a “b” rating in a research note on Friday, October 8th. Piper Sandler boosted their price objective on shares of Pioneer Natural Resources from $222.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, October 21st. Citigroup assumed coverage on shares of Pioneer Natural Resources in a report on Monday, November 8th. They set a “buy” rating and a $216.00 target price for the company. The Goldman Sachs Group raised Pioneer Natural Resources from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, September 9th. Finally, Wells Fargo & Company increased their price objective on Pioneer Natural Resources from $208.00 to $233.00 and gave the stock an “overweight” rating in a report on Friday, November 19th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $208.19.
NYSE:PXD traded down $4.50 during trading hours on Monday, reaching $179.75. The company’s stock had a trading volume of 2,434 shares, compared to its average volume of 2,374,295. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.55 and a current ratio of 0.63. The firm has a market capitalization of $43.88 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.60 and a beta of 1.82. The firm has a 50-day simple moving average of $185.68 and a 200-day simple moving average of $165.53. Pioneer Natural Resources has a 1 year low of $107.96 and a 1 year high of $196.64.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 3rd. The oil and gas development company reported $4.13 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.26. Pioneer Natural Resources had a return on equity of 11.98% and a net margin of 11.48%. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities analysts anticipate that Pioneer Natural Resources will post 13.34 earnings per share for the current fiscal year.
In other news, Director Larry R. Grillot sold 900 shares of the stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $184.39, for a total transaction of $165,951.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Chris J. Cheatwood sold 8,235 shares of the stock in a transaction that occurred on Monday, December 6th. The shares were sold at an average price of $180.86, for a total value of $1,489,382.10. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Strategic Blueprint LLC purchased a new stake in Pioneer Natural Resources during the 2nd quarter valued at $28,000. Eagle Bay Advisors LLC purchased a new stake in Pioneer Natural Resources in the second quarter worth $29,000. Harbor Investment Advisory LLC purchased a new stake in Pioneer Natural Resources in the third quarter worth $30,000. Northern Oak Wealth Management Inc. purchased a new stake in Pioneer Natural Resources in the second quarter worth $33,000. Finally, JJJ Advisors Inc. increased its stake in Pioneer Natural Resources by 132.3% in the third quarter. JJJ Advisors Inc. now owns 216 shares of the oil and gas development company’s stock worth $36,000 after purchasing an additional 123 shares during the period. Institutional investors own 86.74% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.
Recommended Story: What is an Initial Coin Offering (ICO)?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Pioneer Natural Resources right now?
Before you consider Pioneer Natural Resources, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Pioneer Natural Resources wasn’t on the list.
While Pioneer Natural Resources currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
