In a report released today, Bob Brackett from Bernstein maintained a Hold rating on Pioneer Natural (PXD – Research Report), with a price target of $256.00. The company’s shares closed yesterday at $235.19.
According to TipRanks, Brackett is a 4-star analyst with an average return of 16.1% and a 55.17% success rate. Brackett covers the Energy sector, focusing on stocks such as Conocophillips, Devon Energy, and APA.
In addition to Bernstein, Pioneer Natural also received a Hold from Mizuho Securities’s Nitin Kumar CFA in a report issued on February 26. However, on February 28, J.P. Morgan maintained a Buy rating on Pioneer Natural (NYSE: PXD).
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Based on Pioneer Natural’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.6 billion and a net profit of $1.1 billion. In comparison, last year the company earned a revenue of $7.01 billion and had a net profit of $2.37 billion
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PXD in relation to earlier this year.
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Pioneer Natural (PXD) Company Description:
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 in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The firm also maintains an office in Midland, Texas and field offices in its area of operation. The company was founded in August 1997 and is headquartered in Irving, TX.
Read More on PXD:
- Pioneer Natural price target raised to $276 from $264 at Mizuho
- New Corporate Activity and Growth Risk for Pioneer Natural Resources – What’s the Latest?
- Pioneer Natural sees Fy24 capital expenditures $4.2B-$4.6B
- Pioneer Natural reports Q4 adjusted EPS $5.26, consensus $5.47
- PXD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
