Pioneer Natural Resources (PXD) Stock Rating Lowered by UBS Group

Pioneer Natural Resources (NYSE:PXD) was downgraded by UBS Group from a “positive” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other equities research analysts also recently weighed in on PXD. Mizuho reissued a “buy” rating and set a $196.00 price target on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Stifel Nicolaus set a $248.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Jefferies Group reissued a “buy” rating and set a $180.00 price target on shares of Pioneer Natural Resources in a research report on Tuesday, October 10th. BMO Capital Markets set a $200.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $194.26.

Pioneer Natural Resources (NYSE PXD) opened at $182.51 on Wednesday. The stock has a market cap of $31,676.27, a P/E ratio of 253.49, a PEG ratio of 4.81 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. sell-side analysts predict that Pioneer Natural Resources will post 1.64 EPS for the current fiscal year.

In related news, Director Larry R. Grillot sold 200 shares of Pioneer Natural Resources stock in a transaction on Monday, December 11th. The shares were sold at an average price of $159.35, for a total transaction of $31,870.00. Following the transaction, the director now owns 7,097 shares in the company, valued at approximately $1,130,906.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy L. Dove sold 5,560 shares of Pioneer Natural Resources stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $160.66, for a total transaction of $893,269.60. Following the transaction, the chief executive officer now owns 260,083 shares in the company, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,916 shares of company stock valued at $6,976,992. Insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GWM Advisors LLC purchased a new position in shares of Pioneer Natural Resources during the 2nd quarter valued at $100,000. Commonwealth Bank of Australia lifted its stake in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares in the last quarter. WFG Advisors LP lifted its stake in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after buying an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Pioneer Natural Resources during the 3rd quarter valued at $176,000. Finally, Sun Life Financial INC lifted its stake in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares in the last quarter. Institutional investors own 90.77% 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.

The Fly

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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