Pioneer Natural Resources (PXD) was Initiated by Williams Capital Group to “Buy” and the brokerage firm has set the Price Target at $217. Williams Capital Group advised their investors in a research report released on Aug 29, 2016.
Many Wall Street Analysts have commented on Pioneer Natural Resources. Pioneer Natural Resources was Initiated by Bernstein to “Outperform” on Aug 17, 2016. Pioneer Natural Resources was Downgraded by Societe Generale to ” Sell” on Aug 4, 2016. 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 .
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 $180.62 and hit $182.89 on the upside on Tuesday, eventually ending the session at $182.25, with a gain of 0.49% or 0.88 points. The heightened volatility saw the trading volume jump to 23,46,788 shares. Company has a market cap of $30,911 M.
In a different news, on Aug 22, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,000 shares at $183.24 per share price. According to the SEC, on Aug 16, 2016, Scott D Sheffield (Chairman & CEO) sold 20,000 shares at $175.81 per share price. On Aug 16, 2016, Mark Stephen Berg (EVP, Corporate/Operations) sold 2,000 shares at $174.32 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.