Pioneer Natural Resources (NYSE:PXD – Get Free Report) has been assigned a consensus rating of “Hold” from the twenty-four brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $254.19.
A number of equities research analysts have weighed in on the company. Mizuho lowered their price target on Pioneer Natural Resources from $301.00 to $264.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. BMO Capital Markets downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Stifel Nicolaus lowered their price target on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 23rd. Sanford C. Bernstein downgraded Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $273.00 to $246.00 in a research report on Tuesday, October 17th. Finally, TD Cowen restated a “market perform” rating and set a $256.00 price target (down previously from $280.00) on shares of Pioneer Natural Resources in a research report on Thursday, October 19th.
Insider Buying and Selling at Pioneer Natural Resources
Institutional Trading of Pioneer Natural Resources
A number of hedge funds have recently made changes to their positions in the stock. Alberta Investment Management Corp boosted its position in shares of Pioneer Natural Resources by 1,522.0% in the 4th quarter. Alberta Investment Management Corp now owns 81,100 shares of the oil and gas development company’s stock worth $18,238,000 after purchasing an additional 76,100 shares in the last quarter. BTG Pactual Global Asset Management Ltd bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $1,208,000. DLD Asset Management LP bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $1,732,000. Sprinkle Financial Consultants LLC bought a new stake in shares of Pioneer Natural Resources in the 4th quarter worth approximately $328,000. Finally, Clear Rock Advisors LLC purchased a new position in Pioneer Natural Resources in the 4th quarter worth approximately $579,000. 82.72% of the stock is owned by institutional investors.
Pioneer Natural Resources Price Performance
NYSE:PXD opened at $229.34 on Tuesday. The firm has a market capitalization of $53.51 billion, a price-to-earnings ratio of 10.95 and a beta of 1.31. Pioneer Natural Resources has a 52-week low of $177.26 and a 52-week high of $257.76. The stock has a fifty day moving average of $225.76 and a 200 day moving average of $232.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.70 and a current ratio of 0.85.
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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