Is Pioneer Natural Resources Company (PXD) a Buy? The Stock Reaches 52-Week High Today

May 17, 2018 - By Robert Sims

Pioneer Natural Resources Company (NYSE:PXD) Logo

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.16, from 1.03 in 2017Q3. It worsened, as 66 investors sold Pioneer Natural Resources Company shares while 230 reduced holdings. 89 funds opened positions while 168 raised stakes. 148.22 million shares or 2.39% less from 151.85 million shares in 2017Q3 were reported.
Fifth Third State Bank accumulated 91,510 shares or 0.11% of the stock. Millennium Mngmt Lc has 0.02% invested in Pioneer Natural Resources Company (NYSE:PXD). Moreover, Fcg Ltd has 0.1% invested in Pioneer Natural Resources Company (NYSE:PXD). Key Gp (Cayman) Ltd holds 23,900 shares. Timber Creek Mgmt Ltd Liability accumulated 0.95% or 8,790 shares. Axa invested in 0.1% or 151,681 shares. Advsrs Inc Ok has invested 0.02% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Principal Financial Group reported 273,755 shares. Folger Nolan Fleming Douglas Capital holds 0.04% or 1,600 shares. Drw Secs Ltd owns 2,376 shares or 0.04% of their US portfolio. Sterling Cap Mngmt Lc owns 6,349 shares. Miller Howard Investments reported 41,204 shares or 0.15% of all its holdings. State Treasurer State Of Michigan has invested 0.07% in Pioneer Natural Resources Company (NYSE:PXD). Exane Derivatives owns 950 shares for 0.03% of their portfolio. 24,000 are held by Amer Assets Inv Mgmt Ltd Liability Corporation.

Since December 11, 2017, it had 0 insider buys, and 20 sales for $18.18 million activity. CHEATWOOD CHRIS J also sold $1.67M worth of Pioneer Natural Resources Company (NYSE:PXD) shares. $2.03M worth of Pioneer Natural Resources Company (NYSE:PXD) was sold by HANNES WILLIAM F. 1,000 shares valued at $159,505 were sold by DOVE TIMOTHY L on Tuesday, December 12. 1,192 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $238,327 were sold by Hopkins Frank E. 1,150 shares were sold by KLEINMAN MARK H, worth $207,196 on Monday, February 26. BERG MARK STEPHEN sold $315,700 worth of stock or 2,000 shares.

The stock of Pioneer Natural Resources Company (NYSE:PXD) hit a new 52-week high and has $225.64 target or 6.00 % above today’s $212.87 share price. The 6 months bullish chart indicates low risk for the $36.28 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $225.64 price target is reached, the company will be worth $2.18B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.29% or $6.785 during the last trading session, reaching $212.865. About 927,235 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since May 17, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on August, 7. They expect $1.58 EPS, up 652.38 % or $1.37 from last year’s $0.21 per share. PXD’s profit will be $269.28 million for 33.68 P/E if the $1.58 EPS becomes a reality. After $1.66 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts -4.82 % negative EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Pioneer Natural Resources had 48 analyst reports since November 20, 2017 according to SRatingsIntel. On Monday, April 16 the stock rating was upgraded by SunTrust to “Buy”. Mizuho maintained the shares of PXD in report on Tuesday, November 21 with “Buy” rating. The firm has “Buy” rating given on Wednesday, April 11 by BMO Capital Markets. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Sunday, January 21 by KeyBanc Capital Markets. The rating was maintained by BMO Capital Markets on Monday, February 26 with “Buy”. Williams Capital Group maintained it with “Hold” rating and $202.0 target in Wednesday, February 7 report. Credit Suisse maintained it with “Buy” rating and $218.0 target in Tuesday, January 23 report. The stock has “Buy” rating by Jefferies on Tuesday, January 30. The stock has “Buy” rating by Stifel Nicolaus on Monday, April 23. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Hold” rating given on Wednesday, April 18 by KLR Group.

More important recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Seekingalpha.com which released: “Pioneer Natural Resources (PXD) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018, also Benzinga.com published article titled: “KLR Downgrades 3 E&P Names On Valuation Concerns”, Gurufocus.com published: “5 Energy Stocks in Gurus’ Portfolios” on May 14, 2018. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) was released by: Investorplace.com and their article: “5 Top Energy Stocks For $100-A-Barrel Oil” with publication date: May 17, 2018.

Pioneer Natural Resources Company operates as an independent gas and oil exploration and production firm in the United States. The company has market cap of $36.28 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 43.89 P/E ratio. It has activities primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

Pioneer Natural Resources Company (NYSE:PXD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: