Pioneer Natural Resources (NYSE: PXD)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday.
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.”
Pioneer Natural Resources traded down 2.02% on Friday, hitting $123.2725. Pioneer Natural Resources has a 52-week low of $77.41 and a 52-week high of $133.68. The stock’s 50-day moving average is currently $120.7. The company has a market cap of $15.207 billion and a price-to-earnings ratio of 83.87.
Pioneer Natural Resources last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.05. The company had revenue of $818.70 million for the quarter, compared to the consensus estimate of $783.58 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Analysts expect that Pioneer Natural Resources will post $4.70 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Thursday. They now have a $115.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Tuesday. They now have a $127.00 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Pioneer Natural Resources from $121.00 to $118.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock.
Sixteen equities research analysts have rated the stock with a buy rating, five have issued an overweight rating, ten have given a hold rating, and two have issued a sell rating to the company. Pioneer Natural Resources currently has a consensus rating of “overweight” and an average target price of $135.59.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, April 11th. Investors of record on Thursday, March 28th will be given a dividend of $0.04 per share. This represents a yield of 0.06%. The ex-dividend date of this dividend is Tuesday, March 26th.
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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