Stock Worth Mentioning: What’s Next for Pioneer Natural Resources After Achieving 52-Week High?

Stock Worth Mentioning: What's Next for Pioneer Natural Resources After Achieving 52 Week High?

The stock of Pioneer Natural Resources (NYSE:PXD) hit a new 52-week high and has $197.84 target or 3.00% above today’s $192.08 share price. The 6 months bullish chart indicates low risk for the $35.86 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $197.84 price target is reached, the company will be worth $1.08B 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. About 411,590 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 15.79% since April 28, 2016 and is uptrending. It has outperformed by 9.86% the S&P500.

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 $72.82M for 123.18 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. $218 is the highest target while $96 is the lowest. The $178.24 average target is -7.21% below today’s ($192.08) stock price. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, January 7 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Equal-Weight” rating given on Tuesday, March 15 by Barclays Capital. The firm has “Accumulate” rating by Global Hunter Securities given on Friday, August 14. The stock of Pioneer Natural Resources (NYSE:PXD) has “Overweight” rating given on Thursday, September 1 by Barclays Capital. The stock has “Outperform” rating given by BMO Capital Markets on Tuesday, January 12. The rating was maintained by Citigroup with “Neutral” on Monday, September 14. The stock has “Overweight” rating given by JP Morgan on Wednesday, December 9. The firm has “Buy” rating given on Tuesday, April 5 by Drexel Hamilton. Canaccord Genuity initiated it with “Neutral” rating and $160 target price in Tuesday, October 20 report. Topeka Capital Markets maintained the stock with “Buy” rating in Wednesday, January 6 report.

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 Q2 2016. Its down 0.50, from 1.63 in 2016Q1. The ratio worsened, 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.
Amer Century Cos Incorporated last reported 2.00M shares in the company. Cornerstone Inc, a Alabama-based fund reported 4,000 shares. Thompson Invest Mgmt has invested 0.05% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Ubs Asset Mngmt Americas Incorporated holds 0.07% or 387,333 shares in its portfolio. Bluemountain Cap Management Lc accumulated 0.01% or 1,450 shares. Voya Investment Management Limited Liability Company holds 75,632 shares or 0.03% of its portfolio. Mitchell Capital Mngmt Communications holds 43,130 shares or 2.61% of its portfolio. General Electr Company holds 183,179 shares or 0.14% of its portfolio. Aviva Public Lc holds 0.13% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 129,540 shares. Robeco Institutional Asset Bv has 0.01% invested in the company for 12,091 shares. Price T Rowe Associates Md has invested 0.04% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Tph Asset Mngmt Limited Liability Com, a Texas-based fund reported 58,250 shares. Marshall Wace Llp owns 317,656 shares or 0.4% of their US portfolio. Ardsley Advisory Ptnrs has 60,000 shares for 1.57% of their US portfolio. Aberdeen Asset Mngmt Public Limited Company Uk, a United Kingdom-based fund reported 63,680 shares.

Insider Transactions: Since June 28, 2016, the stock had 0 insider buys, and 14 sales for $21.78 million net activity. Hall Jerome D JR sold $183,240 worth of stock. Another trade for 12,151 shares valued at $2.08M was sold by CHEATWOOD CHRIS J. 500 shares were sold by Grillot Larry R., worth $82,362. BERG MARK STEPHEN also sold $348,640 worth of Pioneer Natural Resources (NYSE:PXD) shares. DOVE TIMOTHY L also sold $10.11M worth of Pioneer Natural Resources (NYSE:PXD) on Tuesday, September 20. $92,540 worth of Pioneer Natural Resources (NYSE:PXD) was sold by RISCH FRANK A on Thursday, September 29. KLEINMAN MARK H had sold 1,500 shares worth $262,731.

More important recent Pioneer Natural Resources (NYSE:PXD) news were published by: Seekingalpha.com which released: “Pioneer Natural Resources Issues A Direct Challenge To OPEC: We Can Go, Toe To Toe” on November 29, 2016, also Businesswire.com published article titled: “Pioneer Natural Resources to Present at Jefferies 2016 Energy Conference”, Realmoney.Thestreet.com published: “Pioneer Natural Resources Enjoys Positive Charts” on November 08, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) was released by: Seekingalpha.com and their article: “Pioneer Natural Resources: Can You Compound Growth?” with publication date: November 04, 2016.

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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