Pioneer Natural Resources (NYSE: PXD) Receives “Buy” Average Rating from Brokerage Firms
Shares of Pioneer Natural Resources (NYSE: PXD) have earned a consensus recommendation to “Buy” from the twenty-eight analysts who currently cover the company, Marketbeat reports. Six equity research analysts assigned a conservation rating to the stock, seventeen assigned a buy rating and one issued a strong buy rating for the company. The twelve-month average target price among brokerage firms that hedged the stock in the past year is $ 187.16.
Several analysts recently commented on the company. KeyCorp raised its price target for Pioneer Natural Resources from $ 178.00 to $ 182.00 and assigned the company an “overweight” rating in a research report on Thursday, June 10. MKM Partners raised its target price on Pioneer Natural Resources from $ 207.00 to $ 220.00 in a research report released on Monday, April 5. TD Securities raised its price target for Pioneer Natural Resources from $ 195.00 to $ 200.00 and assigned the company a “buy” rating in a research report released on Wednesday May 5th. Truist downgraded Pioneer Natural Resources from a “buy” rating to a “keep” rating and set a price target of $ 190.00 for the stock. in a research report on Thursday, May 6. Finally, Sanford C. Bernstein upgraded Pioneer Natural Resources from a “market performance” rating to an “outperformance” rating and raised its price target for the company from $ 156.00 to $ 202.00 in a research report on Monday, June 21.
A number of large investors have recently bought and sold shares of PXD. Vantage Consulting Group Inc purchased a new stake in the shares of Pioneer Natural Resources during the 4th quarter valued at $ 26,000. Childress Capital Advisors LLC purchased a new stake in the shares of Pioneer Natural Resources during the 4th quarter valued at $ 28,000. Contravisory Investment Management Inc. purchased a new stake in the shares of Pioneer Natural Resources during the 1st quarter valued at $ 28,000. Essex Investment Management Co. LLC purchased a new stake in the shares of Pioneer Natural Resources during the 1st quarter valued at $ 30,000. Finally, Parkside Financial Bank & Trust strengthened its position in Pioneer Natural Resources shares by 82.6% in the first quarter. Parkside Financial Bank & Trust now owns 199 shares of the oil and gas development company valued at $ 32,000 after buying 90 more shares in the last quarter. 79.80% of the shares are currently held by hedge funds and other institutional investors.
PXD shares opened at $ 162.52 on Thursday. The stock has a market cap of $ 39.65 billion, a P / E ratio of -57.02, a P / E / G ratio of 1.63 and a beta of 1.93. Pioneer Natural Resources has a one-year low of $ 76.58 and a one-year high of $ 175.37. The company has a leverage ratio of 0.34, a current ratio of 0.79, and a quick ratio of 0.69. The company has a 50-day simple moving average of $ 158.75.
Pioneer Natural Resources (NYSE: PXD) last released its results on Tuesday, May 4. The oil and gas development company reported EPS of $ 1.77 for the quarter, beating analyst consensus estimates of $ 1.42 by $ 0.35. Pioneer Natural Resources posted a positive return on equity of 4.10% and a negative net margin of 6.97%. The company posted revenue of $ 2.44 billion for the quarter, compared to a consensus estimate of $ 2.35 billion. In the same quarter of last year, the company posted EPS of $ 1.15. Pioneer Natural Resources quarterly revenue increased 8.1% compared to the same quarter last year. Sell-side analysts predict that Pioneer Natural Resources will post 11.84 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 14. Shareholders of record on Wednesday, June 30 will receive a dividend of $ 0.56. This represents an annualized dividend of $ 2.24 and a dividend yield of 1.38%. The ex-date of this dividend is Tuesday, June 29. Pioneer Natural Resources’ payout ratio is currently 136.59%.
About Pioneer Natural Resources
Pioneer Natural Resources Company is an independent oil and gas exploration and production company in the United States. The company explores, develops and produces petroleum, natural gas liquids (NGLs) and gas. It operates in the Permian Basin of West Texas. As of December 31, 2020, the Company had proven undeveloped reserves and proven non-productive developed reserves of 31 million barrels of oil, 17 million barrels of NGL and 88 billion cubic feet of gas; and owned interests in 11 gas processing plants.
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