Pioneer Natural Resources (NYSE:PXD) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Pioneer Natural Resources from $144.00 to $160.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Pioneer Natural Resources from a “conviction-buy” rating to a “buy” rating in a research note to investors on Monday, December 16th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Friday, December 13th. They now have a $188.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $200.87.
Pioneer Natural Resources (NYSE:PXD) last released its earnings data on Tuesday, November 5th. The company reported $1.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.35 by $0.09. The company had revenue of $826.80 million for the quarter, compared to the consensus estimate of $960.28 million. During the same quarter last year, the company posted $0.82 earnings per share. Pioneer Natural Resources’s revenue was up 34.4% compared to the same quarter last year.
Pioneer Natural Resources Company (NYSE:PXD) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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