Pioneer Natural Resources (PXD) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 207 from a previous price target of $182 . Wunderlich advised their investors in a research report released on Oct 10, 2016.
Many Wall Street Analysts have commented on Pioneer Natural Resources. Williams Capital Group Initiated Pioneer Natural Resources on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $217.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.
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 $186.88 and hit $188.309 on the upside on Friday, eventually ending the session at $186.39, with a gain of 0.10% or 0.19 points. The heightened volatility saw the trading volume jump to 12,61,084 shares. Company has a market cap of $31,613 M.
In a different news, on Sep 22, 2016, Timothy L Dove (President & COO) sold 57,363 shares at $176.36 per share price. According to the SEC, on Aug 22, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,000 shares at $183.24 per share price. On Aug 16, 2016, Scott D Sheffield (Chairman & CEO) sold 20,000 shares at $175.81 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.