.jpg "Pioneer Natural (NYSE: PXD)")
In a report released today, David Deckelbaum from KeyBanc maintained a Buy rating on Pioneer Natural (NYSE: PXD), with a price target of $230. The company’s shares closed yesterday at $199.50, close to its 52-week high of $213.40.
According to TipRanks.com, Deckelbaum has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.5% and a 35.1% success rate. Deckelbaum covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Oasis Petroleum Inc.
Currently, the analyst consensus on Pioneer Natural is Strong Buy and the average price target is $235.86, representing a 18.2% upside.
In a report released yesterday, MUFG Securities Americas Inc also reiterated a Buy rating on the stock with a $223 price target.
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Pioneer Natural’s market cap is currently $34B and has a P/E ratio of 32.47. The company has a Price to Book ratio of 2.98.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock.
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Pioneer Natural Resources Co. engages in the provision of oil and gas exploration. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded in August 1997 and is headquartered in Irving, TX.
