Pioneer Natural Resources (NYSE:PXD – Get Rating) – Capital One Financial cut their Q4 2022 earnings per share (EPS) estimates for Pioneer Natural Resources in a research note issued to investors on Tuesday, January 31st. Capital One Financial analyst P. Johnston now expects that the oil and gas development company will earn $5.50 per share for the quarter, down from their prior estimate of $5.57. The consensus estimate for Pioneer Natural Resources' current full-year earnings is $30.55 per share.
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PXD has been the topic of several other research reports. Raymond James decreased their price objective on Pioneer Natural Resources from $310.00 to $300.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 26th. Barclays lifted their target price on Pioneer Natural Resources from $277.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, January 23rd. StockNews.com assumed coverage on Pioneer Natural Resources in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. Morgan Stanley decreased their target price on Pioneer Natural Resources from $261.00 to $247.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 24th. Finally, Piper Sandler lifted their target price on Pioneer Natural Resources from $346.00 to $347.00 and gave the company an "overweight" rating in a research note on Thursday, November 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $274.39.
Pioneer Natural Resources Stock Down 2.8 %
NYSE PXD opened at $223.96 on Wednesday. The stock's 50-day moving average price is $231.77 and its 200-day moving average price is $237.18. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.18. Pioneer Natural Resources has a 52 week low of $200.09 and a 52 week high of $288.46. The company has a market capitalization of $54.19 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41.
Institutional Investors Weigh In On Pioneer Natural Resources
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its position in Pioneer Natural Resources by 6.1% during the 4th quarter. Bank of Montreal Can now owns 1,261,935 shares of the oil and gas development company's stock valued at $288,213,000 after purchasing an additional 72,951 shares in the last quarter. Rainsberger Wealth Advisors Inc. raised its position in Pioneer Natural Resources by 7.8% during the 4th quarter. Rainsberger Wealth Advisors Inc. now owns 6,307 shares of the oil and gas development company's stock valued at $1,440,000 after purchasing an additional 455 shares in the last quarter. NorthRock Partners LLC bought a new stake in Pioneer Natural Resources during the 4th quarter valued at $322,000. Security National Bank raised its position in shares of Pioneer Natural Resources by 5.5% in the 4th quarter. Security National Bank now owns 21,475 shares of the oil and gas development company's stock worth $4,905,000 after acquiring an additional 1,117 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its position in shares of Pioneer Natural Resources by 24.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,823 shares of the oil and gas development company's stock worth $416,000 after acquiring an additional 354 shares in the last quarter. 89.75% of the stock is owned by institutional investors.
About Pioneer Natural Resources
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Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.
Further Reading
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