Pioneer Natural Resources (NYSE:PXD)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a $228.00 price objective on the stock. SunTrust’s price objective indicates a potential upside of 14.16% from the stock’s previous close.
Pioneer Natural Resources (NYSE:PXD) traded up 6.22% during mid-day trading on Tuesday, hitting $212.145. 1,468,313 shares of the company’s stock traded hands. Pioneer Natural Resources has a 52-week low of $99.75 and a 52-week high of $202.81. The stock’s 50-day moving average is $186.7 and its 200-day moving average is $155.. The company has a market cap of $29.392 billion and a price-to-earnings ratio of 54.67.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.13 by $0.03. The company had revenue of $845.10 million for the quarter, compared to the consensus estimate of $893.17 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $4.82 earnings per share for the current fiscal year.
PXD has been the subject of a number of other recent research reports. Analysts at Sterne Agee raised their price target on shares of Pioneer Natural Resources from $196.00 to $206.00 in a research note to investors on Tuesday. Separately, analysts at Raymond James raised their price target on shares of Pioneer Natural Resources from $200.00 to $220.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Howard Weil reiterated a “hold” rating on shares of Pioneer Natural Resources in a research note to investors on Thursday, October 3rd. They now have a $195.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $179.29.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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