Pioneer Natural Resources Rating Increased to Hold at Societe General (PXD)

By admin | 6 years ago

Pioneer Natural Resources (NYSE: PXD) was upgraded by investment analysts at Societe General from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Shares of Pioneer Natural Resources opened at 89.52 on Tuesday. Pioneer Natural Resources has a 52 week low of $58.63 and a 52 week high of $119.19. The company has a market cap of $11.013 billion and a P/E ratio of 15.82.

Pioneer Natural Resources last announced its earnings results on Wednesday, May 2nd. The company reported $1.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.22 by $0.10. Pioneer Natural Resources’s revenue was up 237.7% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources will post $1.44 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale upgraded shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note to investors on Monday. They now have a $92.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Pioneer Natural Resources in a research note to investors on Tuesday, May 29th. They now have a $103.00 price target on the stock. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Pioneer Natural Resources from $125.00 to $140.00 in a research note to investors on Thursday, May 3rd. They now have an “outperform” rating on the stock.

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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