Pioneer Natural Resources (NYSE: PXD)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Monday.
The analysts wrote, “Pioneer Natural Resources Company (PXD) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Shares of Pioneer Natural Resources traded up 0.23% during mid-day trading on Monday, hitting $127.9375. Pioneer Natural Resources has a one year low of $77.41 and a one year high of $133.68. The stock’s 50-day moving average is currently $123.0. The company has a market cap of $15.782 billion and a P/E ratio of 85.09.
Pioneer Natural Resources last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $4.66 EPS for the current fiscal year.
PXD has been the subject of a number of other recent research reports. 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. They now have a “sector outperform” rating on the stock. Separately, analysts at Guggenheim reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Thursday, February 28th. They now have a $115.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Tuesday, February 26th. They now have a $127.00 price target on the stock.
Sixteen investment analysts have rated the stock with a buy rating, five have assigned an overweight rating, ten have issued a hold rating, and two have assigned a sell rating to the company’s stock. The stock currently has a consensus rating of “overweight” and a consensus price target of $136.38.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, April 11th. Shareholders 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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