Pioneer Natural Resources (PXD) was Downgraded by Societe Generale to ” Sell”. Earlier the firm had a rating of “Hold ” on the company shares. Societe Generale advised their investors in a research report released on Aug 4, 2016.
Many Wall Street Analysts have commented on Pioneer Natural Resources. Company shares were Upgraded by Barclays on Aug 2, 2016 to ” Overweight”, Firm has raised the Price Target to $ 175 from a previous price target of $152 .Pioneer Natural Resources was Upgraded by CapitalOne to ” Overweight” on Jul 28, 2016. Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 218 from a previous price target of $172 .
On the company’s financial health, Pioneer Natural Resources reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.35. The company had revenue of $786.00 million for the quarter, compared to analysts expectations of $783.47 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Pioneer Natural Resources opened for trading at $158.5 and hit $160.47 on the upside on Tusday, eventually ending the session at $159.58, with a gain of 1.49% or 2.35 points. The heightened volatility saw the trading volume jump to 17,64,353 shares. Company has a market cap of $27,066 M.
In a different news, on Jul 5, 2016, Mark H Kleinman (SVP, General Counsel) sold 1,000 shares at $151.01 per share price. According to the SEC, on Jun 30, 2016, Timothy L Dove (President & COO) sold 13,254 shares at $152.24 per share price. On Jun 30, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,600 shares at $149.90 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.