Media coverage about Pioneer Natural Resources (NYSE:PXD) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Natural Resources earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the oil and gas development company an impact score of 45.3630052635744 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Pioneer Natural Resources to Present at the IPAA Oil & Gas Investment Symposium (finance.yahoo.com)
- Royal Bank of Canada Analysts Give Pioneer Natural Resources (PXD) a $201.00 Price Target (americanbankingnews.com)
- Pioneer Natural Resources (PXD) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Analysts Offer Predictions for Pioneer Natural Resources’ Q1 2018 Earnings (PXD) (americanbankingnews.com)
- The Zacks Analyst Blog Highlights: Centene, Western Digital, Concho Resources, Pioneer Natural Resources and Tyson Foods (finance.yahoo.com)
Shares of PXD traded up $1.22 during mid-day trading on Monday, reaching $169.35. 1,417,205 shares of the stock traded hands, compared to its average volume of 1,613,200. The firm has a market capitalization of $28,632.67, a P/E ratio of 78.40, a P/E/G ratio of 2.05 and a beta of 0.95. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $192.93. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 0.18%. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 14.81%.
Pioneer Natural Resources announced that its board has initiated a share repurchase plan on Tuesday, February 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
PXD has been the topic of several research analyst reports. Piper Jaffray reissued a “buy” rating and issued a $207.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. JPMorgan Chase set a $185.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. National Alliance Securities raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus set a $260.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $212.45.
In other news, EVP Chris J. Cheatwood sold 9,513 shares of Pioneer Natural Resources stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $175.93, for a total transaction of $1,673,622.09. Following the sale, the executive vice president now owns 42,931 shares in the company, valued at $7,552,850.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Teresa A. Fairbrook sold 2,134 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $180.00, for a total transaction of $384,120.00. Following the sale, the vice president now owns 10,284 shares in the company, valued at approximately $1,851,120. The disclosure for this sale can be found here. Insiders have sold 18,207 shares of company stock worth $3,219,653 in the last quarter. Insiders own 0.89% of the company’s stock.
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About Pioneer Natural Resources
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.
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