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Pioneer Natural Gets a Buy Rating from RBC Capital


In a report issued on July 9, Scott Hanold from RBC Capital reiterated a Buy rating on Pioneer Natural (NYSE: PXD), with a price target of $245. The company’s shares closed yesterday at $184.55.

According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.

Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $238.36, implying a 29.2% upside from current levels. In a report issued on July 5, TD Securities also initiated coverage with a Buy rating on the stock with a $240 price target.

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The company has a one-year high of $213.40 and a one-year low of $125.46. Currently, Pioneer Natural has an average volume of 1.52M.

Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.