Pioneer Natural Resources (NYSE: PXD)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Tuesday, Analyst Ratings Network.com reports.
The analysts wrote, “Pioneer Natural Resources Company (PXD) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
A number of other firms have also recently commented on PXD. Analysts at SunTrust raised their price target on shares of Pioneer Natural Resources from $152.00 to $170.00 in a research note to investors on Friday, May 24th. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Pioneer Natural Resources from $122.00 to $140.00 in a research note to investors on Wednesday, May 22nd. Finally, analysts at RBC Capital raised their price target on shares of Pioneer Natural Resources from $140.00 to $145.00 in a research note to investors on Wednesday, May 22nd. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average target price of $140.58.
Shares of Pioneer Natural Resources (NYSE: PXD) opened at 145.24 on Tuesday. Pioneer Natural Resources has a one year low of $77.41 and a one year high of $146.68. The stock’s 50-day moving average is currently $127.8. The company has a market cap of $19.837 billion and a P/E ratio of 242.47.
Pioneer Natural Resources (NYSE: PXD) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.03. The company had revenue of $831.59 million for the quarter, compared to the consensus estimate of $830.99 million. During the same quarter last year, the company posted $1.12 earnings per share. Pioneer Natural Resources’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources will post $4.71 earnings per share for the current fiscal 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.