Investment analysts at Global Hunter Securities increased their price target on shares of Pioneer Natural Resources (NYSE:PXD) from $200.00 to $207.00 in a note issued to investors on Wednesday, American Banking News.com reports. Global Hunter Securities’ target price would indicate a potential upside of 4.26% from the company’s current price.
A number of other firms have also recently commented on PXD. Analysts at Sterne Agee downgraded shares of Pioneer Natural Resources from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $206.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Pioneer Natural Resources from $205.00 to $225.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Pioneer Natural Resources from $225.00 to $229.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and an average target price of $192.96.
Shares of Pioneer Natural Resources (NYSE:PXD) traded down 5.61% during mid-day trading on Wednesday, hitting $198.55. 3,662,285 shares of the company’s stock traded hands. Pioneer Natural Resources has a 52 week low of $100.48 and a 52 week high of $227.42. The stock’s 50-day moving average is $199.4 and its 200-day moving average is $165.2. The company has a market cap of $27.508 billion and a P/E ratio of 57.59. Pioneer Natural Resources also saw some unusual options trading activity on Tuesday. Traders acquired 8,769 put options on the company. This represents an increase of 213% compared to the typical daily volume of 2,799 put options.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Tuesday, November 5th. The company reported $1.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.35 by $0.09. The company had revenue of $826.80 million for the quarter, compared to the consensus estimate of $960.28 million. During the same quarter last year, the company posted $0.82 earnings per share. Pioneer Natural Resources’s revenue was up 34.4% compared to the same quarter last year. Analysts expect that Pioneer Natural Resources will post $4.92 EPS for the current fiscal year.
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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