Pioneer Natural Resources Co. (NYSE:PXD) – KeyCorp issued their FY2018 EPS estimates for Pioneer Natural Resources in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the firm will earn $4.90 per share for the year. KeyCorp currently has a “Overweight” rating and a $215.00 target price on the stock.
Several other equities analysts have also issued reports on PXD. Citigroup Inc. boosted their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Capital One Financial Corp. raised Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 28th. Canaccord Genuity reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, July 29th. KLR Group reaffirmed a “buy” rating and set a $238.00 price objective (up from $218.00) on shares of Pioneer Natural Resources in a report on Sunday, July 31st. Finally, JPMorgan Chase & Co. set a $190.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $182.65.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down 1.96% during trading on Wednesday, hitting $181.87. The stock had a trading volume of 582,098 shares. The stock’s market capitalization is $30.87 billion. Pioneer Natural Resources has a 52 week low of $103.50 and a 52 week high of $193.39. The stock’s 50 day moving average is $181.89 and its 200 day moving average is $170.64.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.03. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 47.0% compared to the same quarter last year.
In other news, Director Frank A. Risch sold 500 shares of the stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $185.08, for a total transaction of $92,540.00. Following the completion of the transaction, the director now directly owns 11,156 shares in the company, valued at approximately $2,064,752.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Timothy L. Dove sold 57,363 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the transaction, the chief operating officer now owns 289,693 shares of the company’s stock, valued at $51,069,978.97. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Capital Research Global Investors increased its position in Pioneer Natural Resources by 41.6% in the third quarter. Capital Research Global Investors now owns 7,367,002 shares of the oil and gas development company’s stock worth $1,367,684,000 after buying an additional 2,165,002 shares in the last quarter. Carmignac Gestion acquired a new position in Pioneer Natural Resources during the third quarter worth approximately $240,559,000. FMR LLC increased its position in Pioneer Natural Resources by 24.7% in the second quarter. FMR LLC now owns 5,712,022 shares of the oil and gas development company’s stock worth $863,716,000 after buying an additional 1,129,791 shares in the last quarter. Ingalls & Snyder LLC acquired a new position in Pioneer Natural Resources during the second quarter worth approximately $162,153,000. Finally, Two Creeks Capital Management LP increased its position in Pioneer Natural Resources by 202.1% in the second quarter. Two Creeks Capital Management LP now owns 1,087,314 shares of the oil and gas development company’s stock worth $164,413,000 after buying an additional 727,337 shares in the last quarter. Institutional investors own 94.89% of the company’s stock.
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