Pioneer Natural Resources (NYSE:PXD)‘s stock had its “buy” rating restated by research analysts at Oppenheimer in a report released on Tuesday, ARN reports. They currently have a $180.00 price objective on the stock. Oppenheimer’s price target suggests a potential upside of 5.20% from the company’s current price.
A number of other firms have also recently commented on PXD. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Pioneer Natural Resources from $193.00 to $216.00 in a research note to investors on Tuesday. Separately, analysts at Canaccord Genuity initiated coverage on shares of Pioneer Natural Resources in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $220.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Pioneer Natural Resources from $150.00 to $155.00 in a research note to investors on Wednesday, August 14th.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average price target of $168.84.
Pioneer Natural Resources (NYSE:PXD) traded down 1.08% during mid-day trading on Tuesday, hitting $171.10. The stock had a trading volume of 655,088 shares. Pioneer Natural Resources has a 52-week low of $95.94 and a 52-week high of $182.67. The stock’s 50-day moving average is $163.4 and its 200-day moving average is $140.0. The company has a market cap of $23.705 billion and a price-to-earnings ratio of 47.35.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly 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 last year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $4.73 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 11th. Shareholders of record on Monday, September 30th will be given a dividend of $0.04 per share. This represents a yield of 0.05%. The ex-dividend date of this dividend is Thursday, September 26th.
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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