Smarter Analyst

Pioneer Natural (PXD) Gets a Hold Rating from Siebert Williams Shank & Co

In a report issued on July 16, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on Pioneer Natural (PXD), with a price target of $117.00. The company’s shares closed last Thursday at $100.66.

According to TipRanks.com, Sorbara has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -22.3% and a 24.9% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Concho Resources.

Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $119.40, which is a 17.7% upside from current levels. In a report issued on July 21, Piper Sandler also maintained a Hold rating on the stock with a $106.00 price target.

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Pioneer Natural’s market cap is currently $16.54B and has a P/E ratio of 24.60. The company has a Price to Book ratio of 1.41.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PXD in relation to earlier this year.

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Pioneer Natural Resources Co. Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The firm also maintains an office in Midland, Texas and field offices in its area of operation. The company was founded in August 1997 and is headquartered in Irving, TX.