Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Pioneer Natural (PXD) on December 3 and set a price target of $132.00. The company’s shares closed last Tuesday at $135.12, close to its 52-week high of $149.55.
According to TipRanks.com, Sorbara ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.7% and a 30.6% 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 $141.40, a 6.1% upside from current levels. In a report issued on November 18, Piper Sandler also maintained a Buy rating on the stock with a $113.00 price target.
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Pioneer Natural’s market cap is currently $22.22B and has a P/E ratio of 128.80. The company has a Price to Book ratio of 1.90.
Based on the recent corporate insider activity of 57 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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