Pioneer Natural Resources (NYSE:PXD) Price Target Raised to $282.00

Pioneer Natural Resources (NYSE:PXD) had its target price boosted by equities research analysts at Scotiabank from $230.00 to $282.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the oil and gas development company’s stock. Scotiabank’s price target suggests a potential upside of 4.16% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group cut their price objective on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, December 14th. Truist Financial upped their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Susquehanna upped their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Mizuho upped their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, StockNews.com started coverage on shares of Pioneer Natural Resources in a research note on Friday, April 5th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $259.00.

Pioneer Natural Resources Stock Down 1.5 %

Shares of Pioneer Natural Resources stock opened at $270.73 on Thursday. The company has a fifty day moving average price of $246.65 and a 200 day moving average price of $236.89. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21. Pioneer Natural Resources has a twelve month low of $196.74 and a twelve month high of $278.83. The stock has a market cap of $63.25 billion, a price-to-earnings ratio of 13.38 and a beta of 1.31.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the company posted $5.91 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Pioneer Natural Resources will post 20.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jerome D. Hall, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.74, for a total transaction of $1,755,180.00. Following the completion of the sale, the executive vice president now owns 76,885 shares of the company’s stock, valued at approximately $19,278,144.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,766 shares of company stock worth $9,067,373. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Pioneer Natural Resources

Several hedge funds have recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its position in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Sachetta LLC purchased a new stake in Pioneer Natural Resources in the 4th quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter worth approximately $29,000. Ancora Advisors LLC raised its holdings in shares of Pioneer Natural Resources by 77.4% during the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Finally, DecisionPoint Financial LLC bought a new position in shares of Pioneer Natural Resources during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

About Pioneer Natural Resources

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. The company was founded in 1997 and is headquartered in Irving, Texas.