Pioneer Natural Resources Co (NYSE:PXD) Sentiment Increased, Despite

July 16, 2018 - By Margaret Guttierez

Pioneer Natural Resources Company (NYSE:PXD) Logo

Sentiment for Pioneer Natural Resources Co (NYSE:PXD)

Pioneer Natural Resources Co (NYSE:PXD) institutional sentiment increased to 1.22 in 2018 Q1. Its up 0.35, from 0.87 in 2017Q4. The ratio is better, as 290 investment professionals increased or started new equity positions, while 238 reduced and sold equity positions in Pioneer Natural Resources Co. The investment professionals in our partner’s database now own: 146.34 million shares, down from 148.22 million shares in 2017Q4. Also, the number of investment professionals holding Pioneer Natural Resources Co in their top 10 equity positions decreased from 21 to 16 for a decrease of 5. Sold All: 32 Reduced: 206 Increased: 203 New Position: 87.

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 $31.14 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 37.68 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.

The stock decreased 0.98% or $1.81 during the last trading session, reaching $182.74. About 628,876 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 13.06% since July 16, 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 earnings per share, up 661.90 % or $1.39 from last year’s $0.21 per share. PXD’s profit will be $272.68 million for 28.55 P/E if the $1.60 EPS becomes a reality. After $1.66 actual earnings per share reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts -3.61 % negative EPS growth.

Chapter Iv Investors Llc holds 20.53% of its portfolio in Pioneer Natural Resources Company for 130,000 shares. Ingalls & Snyder Llc owns 986,024 shares or 8.26% of their US portfolio. Moreover, Oslo Asset Management As has 8.21% invested in the company for 140,001 shares. The Massachusetts-based Baupost Group Llc Ma has invested 6.63% in the stock. Avenir Corp, a -based fund reported 322,951 shares.

Since January 1, 0001, it had 0 insider buys, and 26 sales for $25.53 million activity.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Ratings analysis reveals 87% of Pioneer Natural Resources’s analysts are positive. Out of 23 Wall Street analysts rating Pioneer Natural Resources, 20 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $193.0 while the high is $31300. The stock’s average target of $240.95 is 31.85% above today’s ($182.74) share price. PXD was included in 43 notes of analysts from January 17, 2018. Susquehanna downgraded the stock to “Neutral” rating in Wednesday, January 17 report. Jefferies maintained the shares of PXD in report on Tuesday, January 30 with “Buy” rating. Stifel Nicolaus maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Wednesday, March 28. Stifel Nicolaus has “Buy” rating and $31300 target. On Thursday, May 3 the stock rating was maintained by Credit Suisse with “Buy”. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Buy” rating by BMO Capital Markets on Wednesday, April 11. Stifel Nicolaus maintained the shares of PXD in report on Monday, January 29 with “Buy” rating. The company was maintained on Thursday, May 24 by KeyBanc Capital Markets. As per Tuesday, January 23, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Goldman Sachs given on Thursday, April 12. Susquehanna maintained it with “Hold” rating and $193.0 target in Monday, March 5 report.

More news for Pioneer Natural Resources Company (NYSE:PXD) were recently published by: Seekingalpha.com, which released: “Pioneer Natural Resources: A Minor Setback” on July 02, 2018. Seekingalpha.com‘s article titled: “US Shale: NAV Analysis Of Permian Basin – Midland Basin E&Ps – 2018 Q1 Update” and published on July 01, 2018 is yet another important article.

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

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