Piper Jaffray analyst David Kistler reiterated a Buy rating on Pioneer Natural (NYSE: PXD) on July 15 and set a price target of $293. The company’s shares closed yesterday at $182.97.
According to TipRanks.com, Kistler is a 5-star analyst with an average return of 14.3% and a 73.5% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Continental Resources, Gulfport Energy Corp, and Black Stone Minerals.
Currently, the analyst consensus on Pioneer Natural is a Strong Buy with an average price target of $244.23, a 33.5% 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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Based on Pioneer Natural’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.34 billion and net profit of $177 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $231 million.
Based on the recent corporate insider activity of 117 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.
