In a report released yesterday, Paul Sankey from Mizuho Securities reiterated a Buy rating on Pioneer Natural (PXD), with a price target of $206. The company’s shares opened today at $148.32, close to its 52-week low of $140.54.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.5% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pioneer Natural with a $236.08 average price target, which is a 59.2% upside from current levels. In a report issued on November 13, Scotiabank also reiterated a Buy rating on the stock with a $263 price target.
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Based on Pioneer Natural’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.46 billion and net profit of $409 million. In comparison, last year the company earned revenue of $1.58 billion and had a GAAP net loss of $23 million.
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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.
