Analysts at StockNews.com assumed coverage on shares of Pioneer Natural Resources (NYSE:PXD – Get Free Report) in a research report issued on Friday. The brokerage set a “hold” rating on the oil and gas development company’s stock.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group increased their target price on shares of Pioneer Natural Resources from $245.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 28th. Raymond James reissued a “market perform” rating on shares of Pioneer Natural Resources in a research report on Tuesday, October 24th. Capital One Financial lowered shares of Pioneer Natural Resources from an “overweight” rating to an “equal weight” rating and set a $253.00 price objective for the company. in a research note on Thursday, October 12th. Morgan Stanley boosted their price target on shares of Pioneer Natural Resources from $230.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. Finally, Truist Financial decreased their price target on shares of Pioneer Natural Resources from $255.00 to $238.00 and set a “hold” rating for the company in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $257.48.

Get Our Latest Stock Analysis on PXD

Pioneer Natural Resources Price Performance

NYSE:PXD opened at $228.50 on Friday. Pioneer Natural Resources has a one year low of $177.26 and a one year high of $257.76. The company has a market cap of $53.31 billion, a P/E ratio of 10.91 and a beta of 1.31. The firm’s fifty day moving average price is $236.88 and its two-hundred day moving average price is $226.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.70.

Pioneer Natural Resources (NYSE:PXD – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas development company reported $5.83 EPS for the quarter, beating the consensus estimate of $5.53 by $0.30. Pioneer Natural Resources had a net margin of 26.52% and a return on equity of 23.48%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.23 billion. Equities analysts expect that Pioneer Natural Resources will post 21.46 earnings per share for the current year.

Institutional Trading of Pioneer Natural Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC increased its stake in Pioneer Natural Resources by 6.3% during the second quarter. Gradient Investments LLC now owns 3,854 shares of the oil and gas development company’s stock worth $798,000 after acquiring an additional 227 shares during the last quarter. Xcel Wealth Management LLC raised its stake in shares of Pioneer Natural Resources by 39.9% during the 2nd quarter. Xcel Wealth Management LLC now owns 4,720 shares of the oil and gas development company’s stock worth $978,000 after buying an additional 1,345 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Pioneer Natural Resources by 27.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 782 shares of the oil and gas development company’s stock worth $162,000 after buying an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Pioneer Natural Resources by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 32,813 shares of the oil and gas development company’s stock worth $6,798,000 after buying an additional 5,171 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Pioneer Natural Resources by 25.6% in the 1st quarter. Advisors Asset Management Inc. now owns 57,259 shares of the oil and gas development company’s stock valued at $11,695,000 after purchasing an additional 11,653 shares in the last quarter. 82.72% of the stock is owned by institutional investors and hedge funds.

About Pioneer Natural Resources (Get Free Report)

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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Original: MarketBeat News Feed: Pioneer Natural Resources (NYSE:PXD) Now Covered by Analysts at StockNews.com