Pioneer Natural Resources (NYSE:PXD) PT Raised to $278.00

Pioneer Natural Resources (NYSE:PXDGet Rating) had its price target hoisted by equities research analysts at Susquehanna Bancshares from $258.00 to $278.00 in a report released on Monday, Stock Target Advisor reports. Susquehanna Bancshares’ price objective suggests a potential upside of 22.14% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “strong-buy” rating and set a $256.00 target price for the company in a research report on Friday, February 4th. Credit Suisse Group increased their target price on Pioneer Natural Resources from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, February 17th. Mizuho increased their target price on Pioneer Natural Resources from $266.00 to $343.00 and gave the company a “buy” rating in a research report on Thursday, March 31st. MKM Partners lowered their target price on Pioneer Natural Resources from $242.00 to $234.00 and set a “buy” rating for the company in a research report on Friday, February 18th. Finally, Royal Bank of Canada increased their target price on Pioneer Natural Resources from $255.00 to $275.00 in a research report on Friday, February 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $268.15.

Shares of PXD opened at $227.60 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.42. Pioneer Natural Resources has a 1 year low of $133.73 and a 1 year high of $260.00. The company has a 50 day simple moving average of $242.03 and a two-hundred day simple moving average of $210.87. The firm has a market cap of $55.28 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58.

Pioneer Natural Resources (NYSE:PXDGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The oil and gas development company reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.53. Pioneer Natural Resources had a net margin of 14.46% and a return on equity of 15.04%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.79 billion. During the same period last year, the firm posted $1.07 EPS. On average, sell-side analysts anticipate that Pioneer Natural Resources will post 29.48 earnings per share for the current year.

In other news, Director J Kenneth Thompson sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $228.67, for a total value of $343,005.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott D. Sheffield sold 23,147 shares of the company’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $254.87, for a total transaction of $5,899,475.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,502 shares of company stock valued at $24,082,861. 0.63% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors raised its stake in shares of Pioneer Natural Resources by 10.3% during the 4th quarter. Capital World Investors now owns 14,256,214 shares of the oil and gas development company’s stock worth $2,592,908,000 after acquiring an additional 1,334,183 shares in the last quarter. Capital International Investors raised its stake in shares of Pioneer Natural Resources by 45.1% during the 4th quarter. Capital International Investors now owns 6,105,125 shares of the oil and gas development company’s stock worth $1,110,392,000 after acquiring an additional 1,898,932 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Pioneer Natural Resources by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,408,225 shares of the oil and gas development company’s stock worth $734,013,000 after acquiring an additional 179,056 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Pioneer Natural Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 4,328,150 shares of the oil and gas development company’s stock worth $785,194,000 after acquiring an additional 29,148 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Pioneer Natural Resources by 5.5% during the 3rd quarter. Boston Partners now owns 4,128,398 shares of the oil and gas development company’s stock worth $688,129,000 after acquiring an additional 215,580 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Pioneer Natural Resources Company Profile (Get Rating)

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 in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants.

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