Pioneer Natural Resources (NYSE:PXD) PT Raised to $202.00 at KeyCorp

Pioneer Natural Resources (NYSE:PXD) had its target price hoisted by analysts at KeyCorp from $192.00 to $202.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the oil and gas development company’s stock. KeyCorp’s target price points to a potential upside of 5.89% from the company’s current price.

A number of other analysts also recently issued reports on the company. Citigroup raised their target price on Pioneer Natural Resources from $206.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, July 13th. Raymond James lifted their price target on Pioneer Natural Resources from $245.00 to $253.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 27th. Truist Securities lifted their price target on Pioneer Natural Resources from $181.00 to $214.00 and gave the company a “hold” rating in a research report on Thursday, October 7th. Sanford C. Bernstein upgraded Pioneer Natural Resources from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $156.00 to $202.00 in a research report on Monday, June 21st. Finally, Truist lifted their price target on Pioneer Natural Resources from $181.00 to $214.00 and gave the company a “hold” rating in a research report on Thursday, October 7th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Pioneer Natural Resources currently has an average rating of “Buy” and a consensus target price of $198.27.

NYSE:PXD opened at $190.76 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.55 and a quick ratio of 0.47. The business has a fifty day simple moving average of $158.11 and a two-hundred day simple moving average of $156.36. Pioneer Natural Resources has a 1 year low of $76.58 and a 1 year high of $196.64. The company has a market capitalization of $46.54 billion, a P/E ratio of 141.30, a P/E/G ratio of 1.40 and a beta of 1.93.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Sunday, August 1st. The oil and gas development company reported $2.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.01). Pioneer Natural Resources had a return on equity of 7.67% and a net margin of 3.49%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned ($0.32) earnings per share. The business’s quarterly revenue was up 298.0% compared to the same quarter last year. As a group, analysts anticipate that Pioneer Natural Resources will post 12.63 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Scout Investments Inc. purchased a new position in Pioneer Natural Resources during the 2nd quarter valued at about $60,543,000. Bessemer Group Inc. increased its holdings in Pioneer Natural Resources by 4.5% during the 1st quarter. Bessemer Group Inc. now owns 721,234 shares of the oil and gas development company’s stock valued at $114,546,000 after purchasing an additional 30,904 shares during the period. Bank of Nova Scotia increased its holdings in Pioneer Natural Resources by 447.7% during the 2nd quarter. Bank of Nova Scotia now owns 384,629 shares of the oil and gas development company’s stock valued at $62,510,000 after purchasing an additional 314,406 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Pioneer Natural Resources by 3,311.8% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,977,308 shares of the oil and gas development company’s stock valued at $321,353,000 after purchasing an additional 1,919,353 shares during the period. Finally, Natixis Investment Managers International increased its holdings in Pioneer Natural Resources by 7.8% during the 2nd quarter. Natixis Investment Managers International now owns 9,325 shares of the oil and gas development company’s stock valued at $1,515,000 after purchasing an additional 675 shares during the period. Institutional investors own 86.80% of the company’s stock.

About Pioneer Natural Resources

Pioneer Natural Resources Co Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, TX.

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