Pioneer Natural Resources (NYSE:PXD) PT Raised to $282.00

Pioneer Natural Resources (NYSE:PXD - Get Free Report) had its price objective upped by stock analysts at Scotiabank from $230.00 to $282.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the oil and gas development company's stock. Scotiabank's price target indicates a potential upside of 2.66% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a "hold" rating for the company in a research note on Tuesday, January 23rd. Susquehanna raised their target price on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. UBS Group decreased their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, December 14th. Truist Financial raised their target price on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a "hold" rating in a research note on Friday, April 5th. Finally, StockNews.com assumed coverage on shares of Pioneer Natural Resources in a research note on Friday, April 5th. They set a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Pioneer Natural Resources has a consensus rating of "Hold" and an average price target of $259.00.

Pioneer Natural Resources Trading Down 0.2 %

Shares of Pioneer Natural Resources stock traded down $0.62 during trading on Thursday, reaching $274.70. 1,494,691 shares of the stock were exchanged, compared to its average volume of 2,021,484. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average is $245.79 and its 200 day moving average is $236.57. The firm has a market cap of $64.18 billion, a price-to-earnings ratio of 13.57 and a beta of 1.31. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $275.83.

Pioneer Natural Resources (NYSE:PXD - Get Free Report) last posted its earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing analysts' consensus estimates of $5.41 by ($0.13). The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.28 billion. Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.91 earnings per share. As a group, equities research analysts expect that Pioneer Natural Resources will post 20.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 3,500 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $234.35, for a total value of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares in the company, valued at approximately $11,683,753.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $260.95, for a total transaction of $369,505.20. Following the sale, the chief accounting officer now directly owns 4,990 shares in the company, valued at approximately $1,302,140.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark H. Kleinman sold 3,500 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the sale, the executive vice president now owns 49,856 shares in the company, valued at $11,683,753.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,766 shares of company stock valued at $9,067,373. Company insiders own 0.55% of the company's stock.

Institutional Trading of Pioneer Natural Resources

Several hedge funds have recently made changes to their positions in PXD. Hartford Financial Management Inc. raised its position in Pioneer Natural Resources by 61.1% in the 4th quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company's stock worth $26,000 after purchasing an additional 44 shares during the period. Sachetta LLC purchased a new stake in Pioneer Natural Resources in the 4th quarter worth about $27,000. BluePath Capital Management LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter worth about $29,000. Carmel Capital Partners LLC purchased a new stake in Pioneer Natural Resources in the 3rd quarter worth about $34,000. Finally, Jones Financial Companies Lllp raised its position in Pioneer Natural Resources by 85.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company's stock worth $34,000 after purchasing an additional 68 shares during the period. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

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. The company was founded in 1997 and is headquartered in Irving, Texas.