Pioneer Natural Resources (PXD) is Initiated by Credit Agricole to Buy

Pioneer Natural Resources (PXD) was Initiated by Credit Agricole to “Buy”. Credit Agricole advised their investors in a research report released on Jun 22, 2016.

Many Wall Street Analysts have commented on Pioneer Natural Resources. Shares were Reiterated by Wunderlich on Jun 16, 2016 to “Buy” and Lowered the Price Target to $ 176 from a previous price target of $177 .Company shares were Reiterated by Wunderlich on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 177 from a previous price target of $128 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 183 from a previous price target of $165 .

On the company’s financial health, Pioneer Natural Resources reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.75. The company had revenue of $685.00 million for the quarter, compared to analysts expectations of $752.01 million. The company’s revenue was down -21.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

Pioneer Natural Resources opened for trading at $153.95 and hit $157.79 on the upside on Tuesday, eventually ending the session at $157.03, with a gain of 2.00% or 3.08 points. The heightened volatility saw the trading volume jump to 32,70,620 shares. Company has a market cap of $25,683 M.

In a different news, on May 3, 2016, Chris J Cheatwood (EVP, BD & Geoscience) sold 10,641 shares at $165.24 per share price. According to the SEC, on May 2, 2016, Scott D Sheffield (Chairman & CEO) sold 30,000 shares at $168.76 per share price. On May 2, 2016, Kenneth H Jr Sheffield (EVP, STAT, WAT, Corp. Eng.) sold 2,500 shares at $167.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company focuses on production of oil natural gas liquid (NGLs) and gas through development drilling production enhancement activities and acquisitions of producing properties. 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. The Company’s operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.

Pioneer Natural Resources

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