Pioneer Natural Resources (NYSE: PXD)‘s stock had its “buy” rating restated by analysts at Sterne Agee in a research report issued to clients and investors on Wednesday. They currently have a $142.00 price target on the stock.
PXD has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Pioneer Natural Resources from $113.00 to $112.00 in a research note to investors on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note to investors on Monday. Finally, analysts at Howard Weil raised their price target on shares of Pioneer Natural Resources from $130.00 to $150.00 in a research note to investors on Friday, March 8th. They now have a “sector outperform” rating on the stock.
Sixteen investment analysts have rated the stock with a buy rating, five have assigned an overweight rating, eleven have issued a hold rating, and two have given a sell rating to the stock. Pioneer Natural Resources currently has a consensus rating of “overweight” and a consensus target price of $136.02.
Pioneer Natural Resources traded down 0.57% on Wednesday, hitting $126.38. Pioneer Natural Resources has a 52-week low of $77.41 and a 52-week high of $133.68. The stock’s 50-day moving average is currently $123.5. The company has a market cap of $15.590 billion and a price-to-earnings ratio of 84.74.
Pioneer Natural Resources last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.88 by $0.05. The company had revenue of $818.70 million for the quarter, compared to the consensus estimate of $783.58 million. During the same quarter last year, the company posted $1.19 earnings per share. Pioneer Natural Resources’s revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources will post $4.71 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, April 11th. Investors of record on Thursday, March 28th will be given a dividend of $0.04 per share. This represents a yield of 0.06%. The ex-dividend date of this dividend is Tuesday, March 26th.
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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