Stock Analysis:Pioneer Natural Resources (NYSE:PXD) Upside Target Change
In a comprehensive report distributed to Clients by Jefferies & Co on Wednesday, 2 December, Pioneer Natural Resources (NYSE:PXD) had its Estimated Target Price raised to $171.00. The firm currently has a solid “Buy” rating on shares.
From a total of 39 analysts covering Pioneer Natural Resources (NYSE:PXD) stock, 32 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is $224 while the lowest target price is $100. The mean of all analyst targets is $166.9 with a 11.44% above today’s ($146.74) stock price. Pioneer Natural Resources was the topic of 34 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Raymond James upgraded shares on December 1 to “Strong Buy” rating. Citigroup maintained shares with “Neutral” rating and $138 target share price in a report from a September 14. Societe Generale upgraded PXD stock in a recent report from November 4 to “Hold” rating. Global Hunter Securities upgraded the rating on August 14. Global Hunter Securities has a “Accumulate” rating and a $150 price target on shares. Finally, Topeka Capital Markets maintained the stock with “Buy” rating in a report issued on a November 3.
Approximately 134,478 shares of stock traded hands. Pioneer Natural Resources (NYSE:PXD) has declined 14.63% since April 29, 2015 and is downtrending. It has underperformed by 14.43% the S&P500.
Pioneer Natural Resources Company is an independent gas and oil exploration and production firm with activities in the United States. The company has a market cap of $21.92 billion. The Firm focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. It has 28.09 P/E ratio. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the liquid-rich Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas.
According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.” Get a free copy of the Zacks research report on Pioneer Natural Resources (PXD).