Pioneer Natural Resources Co. (PXD) Sets New 1-Year High at $188.60
Shares of Pioneer Natural Resources Co. (NYSE:PXD) hit a new 52-week high during trading on Wednesday . The stock traded as high as $188.60 and last traded at $187.26, with a volume of 996,625 shares. The stock had previously closed at $183.50.
Several analysts have commented on PXD shares. Williams Capital started coverage on shares of Pioneer Natural Resources in a report on Monday, August 29th. They issued a “buy” rating and a $217.00 price objective for the company. Wunderlich decreased their target price on shares of Pioneer Natural Resources from $177.00 to $176.00 and set a “buy” rating for the company in a research note on Thursday, June 16th. KeyCorp raised their target price on shares of Pioneer Natural Resources from $190.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Societe Generale downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating and set a $132.00 target price for the company. in a research note on Thursday, August 4th. They noted that the move was a valuation call. Finally, KLR Group reaffirmed a “buy” rating and set a $238.00 target price (up previously from $218.00) on shares of Pioneer Natural Resources in a research note on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus target price of $176.92.
The company has a 50-day moving average of $169.60 and a 200-day moving average of $154.64. The stock’s market capitalization is $31.83 billion.
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Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.12. The company had revenue of $786 million for the quarter, compared to analyst estimates of $797.28 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. Pioneer Natural Resources’s revenue was up 22.0% on a year-over-year basis. Equities research analysts forecast that Pioneer Natural Resources Co. will post ($0.29) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, September 28th.
In other news, Director J Kenneth Thompson sold 750 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $171.51, for a total value of $128,632.50. Following the completion of the transaction, the director now owns 9,453 shares of the company’s stock, valued at $1,621,284.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Timothy L. Dove sold 13,254 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $152.24, for a total transaction of $2,017,788.96. Following the completion of the transaction, the chief operating officer now directly owns 271,993 shares of the company’s stock, valued at approximately $41,408,214.32. The disclosure for this sale can be found here.
Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.
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