What’s Next for Pioneer Natural Resources After Today’s Bearish Options Activity?

 What's Next for Pioneer Natural Resources After Today's Bearish Options Activity?

In today’s session Pioneer Natural Resources (PXD) recorded an unusually high (104) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious PXD decrease. With 104 contracts traded and 16444 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: PXD161021P00175000 closed last at: $1.2 or 14.3% down. About 483,138 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 42.67% since March 7, 2016 and is uptrending. It has outperformed by 35.08% the S&P500.

Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on November, 1 after the close. They expect $0.26 EPS, up 2,700.00% or $0.27 from last year’s $-0.01 per share. PXD’s profit will be $44.15 million for 184.43 P/E if the $0.26 EPS becomes a reality. After $-0.22 actual EPS reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts -218.18% EPS growth.

Pioneer Natural Resources (NYSE:PXD) Ratings Coverage

Out of 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 88% are positive. $218 is the highest target while $96 is the lowest. The $178.24 average target is -7.07% below today’s ($191.81) stock price. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, January 12 by Wunderlich. On Monday, August 29 the stock rating was initiated by Williams Capital Group with “Buy”. The firm has “Buy” rating by Topeka Capital Markets given on Tuesday, November 3. The rating was upgraded by Barclays Capital on Tuesday, August 2 to “Overweight”. KLR Group downgraded the shares of PXD in a report on Monday, March 21 to “Accumulate” rating. iBERIA Capital Partners maintained it with “Outperform” rating and $210 target price in Tuesday, April 26 report. The firm has “Neutral” rating given on Tuesday, October 20 by Canaccord Genuity. As per Friday, August 14, the company rating was upgraded by Global Hunter Securities. The rating was maintained by Deutsche Bank on Tuesday, March 29 with “Buy”. Wunderlich maintained the shares of PXD in a report on Monday, October 10 with “Buy” rating.

According to Zacks Investment Research, “Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. The company provides administrative, financial and management support to United States and foreign subsidiaries that explore for, develop and produce oil, natural gas liquid and natural gas reserves.”

Insitutional Activity: The institutional sentiment decreased to 1.63 in 2016 Q2. Its down 0.42, from 2.05 in 2016Q1. The ratio worsened, as 45 funds sold all Pioneer Natural Resources shares owned while 167 reduced positions. 113 funds bought stakes while 232 increased positions. They now own 156.03 million shares or 0.47% less from 156.77 million shares in 2016Q1.
Wellington Shields Limited Liability holds 0.05% or 2,150 shares in its portfolio. The Illinois-based Old Second Natl Bank Of Aurora has invested 0.01% in Pioneer Natural Resources (NYSE:PXD). Trexquant Invest Limited Partnership holds 0.59% or 29,600 shares in its portfolio. Veritable Limited Partnership accumulated 4,674 shares or 0.02% of the stock. Wafra Investment Advisory Grp Incorporated Ny, a New York-based fund reported 44,665 shares. Astenbeck Capital Lc has 18.72% invested in the company for 150,545 shares. Regions Corporation holds 4,125 shares or 0.01% of its portfolio. Amer Century accumulated 2.00M shares or 0.34% of the stock. National Bank Of Hawaii, a Hawaii-based fund reported 1,750 shares. Allianz Asset Management Ag last reported 0.04% of its portfolio in the stock. Voloridge Management Ltd Com holds 0.08% or 18,161 shares in its portfolio. Castleark Mgmt Lc has 250,870 shares for 1.21% of their US portfolio. The North Carolina-based Endowment Mgmt Lp has invested 0.06% in Pioneer Natural Resources (NYSE:PXD). Susquehanna Group Inc Ltd Liability Partnership holds 0.01% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 138,632 shares. Thompson Siegel & Walmsley Ltd Liability Corp holds 0% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 277 shares.

Insider Transactions: Since April 28, 2016, the stock had 0 buys, and 19 sales for $28.86 million net activity. 2,500 shares with value of $419,965 were sold by SHEFFIELD KENNETH H JR on Thursday, April 28. $525,000 worth of Pioneer Natural Resources (NYSE:PXD) was sold by BUCHANAN EDISON C on Friday, August 12. $92,540 worth of Pioneer Natural Resources (NYSE:PXD) was sold by RISCH FRANK A on Thursday, September 29. BERG MARK STEPHEN also sold $348,640 worth of Pioneer Natural Resources (NYSE:PXD) on Friday, August 12. $183,240 worth of Pioneer Natural Resources (NYSE:PXD) was sold by Hall Jerome D JR on Thursday, August 18. 13,254 Pioneer Natural Resources (NYSE:PXD) shares with value of $2.02 million were sold by DOVE TIMOTHY L. The insider CHEATWOOD CHRIS J sold 10,641 shares worth $1.76 million.

Pioneer Natural Resources Company is an independent gas and oil exploration and production firm with activities in the United States. The company has a market cap of $32.57 billion. The Firm operates through the gas and oil development, exploration and production segment. It currently has negative earnings. The Firm focuses on production of oil, natural gas liquid and gas through development drilling, production enhancement activities and acquisitions of producing properties.

PXD Company Profile

Pioneer Natural Resources Company, incorporated on April 2, 1997, is an independent gas and oil exploration and production firm with activities in the United States. The Firm operates through the gas and oil development, exploration and production segment. The Firm focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Company’s activities include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities. The Firm owns interests in over seven gas processing plants and approximately eight treating facilities.

More notable recent Pioneer Natural Resources (NYSE:PXD) news were published by: Benzinga.com which released: “Pioneer Natural Resources Could Employ More Rigs” on October 10, 2016, also Dallasnews.com with their article: “Irving’s Pioneer Natural Resources sees rig count soaring in West Texas” published on September 22, 2016, Thestreet.com published: “Jim Cramer’s Top Takeaways: Cisco, Pioneer Natural Resources, EOG Resources” on September 30, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) were released by: Bizjournals.com and their article: “Pioneer Natural Resources CEO-in-waiting sells 57363 company shares for more …” published on September 28, 2016 as well as Forbes.com‘s news article titled: “Cash Dividend On The Way From Pioneer Natural Resources (PXD)” with publication date: September 26, 2016.

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