Pioneer Natural Resources (NYSE:PXD) Sees Coverage Initiated By Morgan Stanley with a $240 Price

July 12, 2018 - By Ann Prendergast

Pioneer Natural Resources Company (NYSE:PXD) Logo

Investors sentiment increased to 1.22 in Q1 2018. Its up 0.35, from 0.87 in 2017Q4. It increased, as 32 investors sold Pioneer Natural Resources Company shares while 206 reduced holdings. 87 funds opened positions while 203 raised stakes. 146.34 million shares or 1.27% less from 148.22 million shares in 2017Q4 were reported.

Korea Inv, Korea-based fund reported 253,421 shares. Rhumbline Advisers holds 0.11% or 313,098 shares in its portfolio. State Board Of Administration Of Florida Retirement System invested in 229,368 shares or 0.11% of the stock. Clearbridge Invs Limited Liability holds 0.47% or 2.90M shares in its portfolio. Highfields Mgmt Limited Partnership invested 1.1% in Pioneer Natural Resources Company (NYSE:PXD). Castleark Management Ltd Llc reported 172,180 shares. Loudon Investment Management Limited Liability Corporation invested in 4,230 shares or 0.21% of the stock. Prelude Capital Mngmt Llc reported 19,084 shares or 0.24% of all its holdings. Lord Abbett & Lc owns 24,600 shares for 0.01% of their portfolio. Atria Lc holds 2,741 shares. Veritable Limited Partnership holds 0.02% in Pioneer Natural Resources Company (NYSE:PXD) or 4,930 shares. 4.00M are held by Baupost Ltd Liability Co Ma. Verition Fund Mngmt Limited Liability accumulated 0.14% or 10,605 shares. First Quadrant Lp Ca holds 166,698 shares. Bangor Fincl Bank holds 0.15% or 4,432 shares in its portfolio.

Since February 22, 2018, it had 0 buys, and 26 sales for $25.53 million activity. Hopkins Frank E also sold $184,504 worth of Pioneer Natural Resources Company (NYSE:PXD) shares. Shares for $195,624 were sold by Stewart Stephanie D. On Thursday, May 10 CATES ANDREW F. sold $501,550 worth of Pioneer Natural Resources Company (NYSE:PXD) or 2,500 shares. On Thursday, May 17 SHEFFIELD SCOTT D sold $4.22M worth of Pioneer Natural Resources Company (NYSE:PXD) or 20,000 shares. $546,787 worth of Pioneer Natural Resources Company (NYSE:PXD) shares were sold by BUCHANAN EDISON C. Shares for $1.02M were sold by SHEFFIELD KENNETH H JR on Friday, May 11.

Why Has Morgan Stanley Given Pioneer Natural Resources (NYSE:PXD) a $240 Price Target

Stock analysts at Morgan Stanley began coverage on Pioneer Natural Resources (NYSE:PXD) with a key “Overweight” rating. The target for PXD is $240. It would indicate a possible upside of 31.44 % from firm’s last close price.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 24 analysts covering Pioneer Natural Resources (NYSE:PXD), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Pioneer Natural Resources has $31300 highest and $193.0 lowest target. $237.39’s average target is 30.01% above currents $182.59 stock price. Pioneer Natural Resources had 43 analyst reports since January 17, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, February 6 by SunTrust. The rating was maintained by Susquehanna on Monday, March 5 with “Hold”. The company was maintained on Monday, April 23 by Stifel Nicolaus. As per Wednesday, April 25, the company rating was maintained by Jefferies. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, January 30 by Jefferies. BMO Capital Markets maintained Pioneer Natural Resources Company (NYSE:PXD) on Monday, February 26 with “Buy” rating. The stock has “Neutral” rating by Susquehanna on Wednesday, January 17. The rating was maintained by Mizuho on Tuesday, January 16 with “Buy”. The firm has “Hold” rating given on Thursday, May 3 by Williams Capital Group. The rating was maintained by KeyBanc Capital Markets on Monday, April 23 with “Overweight”.

The stock decreased 3.81% or $7.23 during the last trading session, reaching $182.59. About 1.85M shares traded or 20.29% up from the average. Pioneer Natural Resources Company (NYSE:PXD) has risen 13.06% since July 12, 2017 and is uptrending. It has outperformed by 0.49% the S&P500.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on August, 7 after the close. They expect $1.60 EPS, up 661.90 % or $1.39 from last year’s $0.21 per share. PXD’s profit will be $272.68M for 28.53 P/E if the $1.60 EPS becomes a reality. After $1.66 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts -3.61 % negative EPS growth.

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 $31.12 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 37.65 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.

More notable recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Fool.com which released: “Oil Prices: Could Iran Push Crude Back Into the Triple Digits?” on July 10, 2018, also Seekingalpha.com with their article: “Exxon, Chevron head new methane emissions consortium” published on June 26, 2018, Seekingalpha.com published: “US Shale: NAV Analysis Of Permian Basin – Midland Basin E&Ps – 2018 Q1 Update” on July 01, 2018. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) were released by: Seekingalpha.com and their article: “Permian Bottlenecks Come At The Worst Moment” published on July 05, 2018 as well as Seekingalpha.com‘s news article titled: “Pioneer Natural Resources: A Minor Setback” with publication date: July 02, 2018.

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: