The stock of Pioneer Natural Resources (NYSE:PXD) is a huge mover today! About 4.00M shares traded hands or 148.45% up from the average. Pioneer Natural Resources (NYSE:PXD) has risen 2.93% since April 27, 2016 and is uptrending. It has underperformed by 2.29% the S&P500.
The move comes after 8 months positive chart setup for the $32.79 billion company. It was reported on Nov, 30 by Barchart.com. We have $198.26 PT which if reached, will make NYSE:PXD worth $983.70M more.
Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on February, 8. They expect $0.39 earnings per share, up 316.67% or $0.57 from last year’s $-0.18 per share. PXD’s profit will be $66.44 million for 123.39 P/E if the $0.39 EPS becomes a reality. After $0.13 actual earnings per share reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts 200.00% EPS growth.
Pioneer Natural Resources (NYSE:PXD) Ratings Coverage
Out of 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 88% are positive. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Wunderlich with “Buy” on Monday, October 10. The stock of Pioneer Natural Resources (NYSE:PXD) has “Positive” rating given on Friday, October 30 by Susquehanna. KLR Group downgraded Pioneer Natural Resources (NYSE:PXD) on Monday, March 21 to “Accumulate” rating. The company was maintained on Monday, August 22 by KeyBanc Capital Markets. The stock has “Buy” rating given by Williams Capital Group on Monday, August 29. The rating was initiated by Mizuho on Thursday, October 6 with “Neutral”. Bernstein initiated Pioneer Natural Resources (NYSE:PXD) on Wednesday, August 17 with “Outperform” rating. The stock of Pioneer Natural Resources (NYSE:PXD) has “Buy” rating given on Wednesday, January 6 by Topeka Capital Markets. As per Wednesday, November 4, the company rating was maintained by Wunderlich. Deutsche Bank maintained Pioneer Natural Resources (NYSE:PXD) on Tuesday, March 29 with “Buy” rating.
According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.50, from 1.63 in 2016Q1. The ratio fall, as 45 funds sold all Pioneer Natural Resources shares owned while 167 reduced positions. 113 funds bought stakes while 232 increased positions. They now own 156.03 million shares or 0.47% less from 156.77 million shares in 2016Q1.
Peak6 Invests Lp has invested 0.08% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Kayne Anderson Rudnick Inv Llc accumulated 0.15% or 65,938 shares. Moreover, Cwm Ltd Limited Liability Company has 0.07% invested in Pioneer Natural Resources (NYSE:PXD) for 6,348 shares. Aristotle Mgmt Limited Liability Corporation accumulated 1.11M shares or 1.82% of the stock. Penn Capital Mgmt Inc last reported 0.02% of its portfolio in the stock. Comm Savings Bank accumulated 0.01% or 3,014 shares. Perkins Mgmt Ltd Liability Corporation accumulated 0.44% or 191,511 shares. Frontier Invest Management holds 11.32% or 600,274 shares in its portfolio. King Luther Cap accumulated 0.22% or 151,229 shares. Kbc Gp Nv owns 105,521 shares or 0.23% of their US portfolio. Renaissance Tech Ltd Liability Company owns 427,393 shares or 0.12% of their US portfolio. Moreover, Sit Inc has 0.01% invested in Pioneer Natural Resources (NYSE:PXD) for 2,300 shares. Arga Inv Management Limited Partnership has 0.97% invested in the company for 20,500 shares. Ngam Advsr Limited Partnership holds 11,738 shares or 0.02% of its portfolio. Nippon Life Insurance holds 0.04% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 10,535 shares.
Insider Transactions: Since June 28, 2016, the stock had 0 buys, and 14 sales for $21.78 million net activity. THOMPSON J KENNETH sold $128,633 worth of Pioneer Natural Resources (NYSE:PXD) on Monday, August 8. The insider Hall Jerome D JR sold 1,600 shares worth $239,840. $3.51 million worth of Pioneer Natural Resources (NYSE:PXD) shares were sold by SHEFFIELD SCOTT D. The insider Grillot Larry R. sold 500 shares worth $82,362. BERG MARK STEPHEN sold $343,065 worth of stock or 2,000 shares. DOVE TIMOTHY L had sold 57,363 shares worth $10.11 million on Tuesday, September 20. $2.08M worth of Pioneer Natural Resources (NYSE:PXD) shares were sold by CHEATWOOD CHRIS J.
More recent Pioneer Natural Resources (NYSE:PXD) news were published by: Businesswire.com which released: “Pioneer Natural Resources to Present at Jefferies 2016 Energy Conference” on November 17, 2016. Also Realmoney.Thestreet.com published the news titled: “Pioneer Natural Resources Enjoys Positive Charts” on November 08, 2016. Seekingalpha.com‘s news article titled: “Pioneer Natural Resources: Can You Compound Growth?” with publication date: November 04, 2016 was also an interesting one.
PXD Company Profile
Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent gas and oil exploration and production firm with activities in the United States. The Firm operates through the gas and oil development, exploration and production segment. The Firm focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Company’s activities include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Firm owns interests in over seven gas processing plants and approximately eight treating facilities.
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