Pioneer Natural Resources (NYSE:PXD – Get Free Report) was upgraded by stock analysts at Truist Financial to a “buy” rating in a research report issued on Thursday, FlyOnTheWall reports.
Several other research firms have also issued reports on PXD. Wells Fargo & Company raised their price target on Pioneer Natural Resources from $227.00 to $239.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Evercore ISI cut their price objective on Pioneer Natural Resources from $253.00 to $243.00 in a research report on Monday, July 10th. Raymond James cut their price objective on Pioneer Natural Resources from $268.00 to $265.00 and set a “strong-buy” rating on the stock in a research report on Monday, July 24th. Mizuho lifted their price objective on Pioneer Natural Resources from $294.00 to $301.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, Bank of America lifted their price objective on Pioneer Natural Resources from $240.00 to $250.00 in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.61.
Get Our Latest Stock Analysis on PXD
Pioneer Natural Resources Price Performance
Shares of Pioneer Natural Resources stock opened at $248.41 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $57.91 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The business’s 50-day moving average price is $234.24 and its 200-day moving average price is $219.36. Pioneer Natural Resources has a 12 month low of $177.26 and a 12 month high of $274.70.
Pioneer Natural Resources (NYSE:PXD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.37. Pioneer Natural Resources had a return on equity of 25.53% and a net margin of 28.46%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.68 billion. Sell-side analysts forecast that Pioneer Natural Resources will post 21.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Tradewinds Capital Management LLC grew its holdings in Pioneer Natural Resources by 148.3% during the first quarter. Tradewinds Capital Management LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Fiduciary Alliance LLC purchased a new position in shares of Pioneer Natural Resources in the second quarter valued at about $30,000. Ancora Advisors LLC lifted its position in shares of Pioneer Natural Resources by 77.4% in the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after acquiring an additional 65 shares in the last quarter. Solstein Capital LLC purchased a new position in shares of Pioneer Natural Resources in the second quarter valued at about $31,000. Finally, Carmichael Hill & Associates Inc. lifted its position in shares of Pioneer Natural Resources by 175.0% in the first quarter. Carmichael Hill & Associates Inc. now owns 165 shares of the oil and gas development company’s stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 82.72% of the company’s stock.
About Pioneer Natural Resources
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
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Source: defenseworld.net
