Stifel Nicolaus upgraded shares of Pioneer Natural Resources (NYSE:PXD) from a hold rating to a buy rating in a research note released on Friday morning, TheFlyOnTheWall.com reports. They currently have $210.00 target price on the stock.
Pioneer Natural Resources (NYSE:PXD) opened at 174.70 on Friday. Pioneer Natural Resources has a 52-week low of $109.18 and a 52-week high of $227.42. The stock has a 50-day moving average of $178.9 and a 200-day moving average of $180.7. The company has a market cap of $24.225 billion and a P/E ratio of 42.82.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Tuesday, November 5th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $4.57 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PXD. Analysts at Barclays raised their price target on shares of Pioneer Natural Resources from $144.00 to $160.00 in a research note to investors on Monday, January 13th. They now have an equal weight rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Pioneer Natural Resources from a conviction-buy rating to a buy rating in a research note to investors on Monday, December 16th. Finally, analysts at Zacks reiterated a neutral rating on shares of Pioneer Natural Resources in a research note to investors on Friday, December 13th. They now have a $188.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued 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 target price of $201.25.
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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