In a report issued on February 22, Scott Hanold from RBC Capital maintained a Buy rating on Pioneer Natural (PXD), with a price target of $185.00. The company’s shares closed last Tuesday at $145.24, close to its 52-week high of $145.56.
According to TipRanks.com, Hanold has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -4.1% and a 39.3% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Northern Oil And Gas, and Southwestern Energy.
Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $156.14, a 10.0% upside from current levels. In a report issued on February 12, Raymond James also reiterated a Buy rating on the stock with a $198.00 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 $1.86 billion and GAAP net loss of $20 million. In comparison, last year the company earned revenue of $2.41 billion and had a net profit of $231 million.
Based on the recent corporate insider activity of 62 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. Most recently, in December 2020, Chris Cheatwood, the EVP, Field Development & Emerg of PXD sold 6,728 shares for a total of $782,399.
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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.
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