FBR Capital Sets Pioneer Natural Resources Price Target at $140.00 (PXD)

By admin | 6 years ago

Equities research analysts at FBR Capital (NASDAQ: FBCM) upped their price target on shares of Pioneer Natural Resources (NYSE: PXD) from $125.00 to $140.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on PXD. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Thursday. Separately, analysts at Societe Generale downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, March 14th. Finally, analysts at Guggenheim initiated coverage on shares of Pioneer Natural Resources in a research note to investors on Wednesday, February 22nd. They set a “neutral” rating on the stock.

Shares of Pioneer Natural Resources opened at 110.86 on Thursday. Pioneer Natural Resources has a one year low of $58.63 and a one year high of $119.19. The company has a market cap of $13.665 billion and a P/E ratio of 16.12.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.12 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.22 EPS by $0.10. The company’s quarterly revenue was up 237.7% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources will post $1.51 earnings per share next quarter.

Pioneer Natural Resources Company is a holding company. It is an independent oil and gas exploration and production company with existing operations in the United States and South Africa.

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