Raymond James analyst John Freeman maintained a Buy rating on Pioneer Natural (PXD) today and set a price target of $180.00. The company’s shares closed last Monday at $128.41.
According to TipRanks.com, Freeman has currently no stars on a ranking scale of 0-5 stars, with an average return of -15.1% and a 25.3% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.
Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $177.56, implying a 38.3% upside from current levels. In a report issued on October 4, Morgan Stanley also maintained a Buy rating on the stock with a $167.00 price target.
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Based on Pioneer Natural’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.38 billion and GAAP net loss of $169 million. In comparison, last year the company earned revenue of $2.46 billion and had a net profit of $409 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.
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Pioneer Natural Resources Co. is engaged 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.
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