Pioneer Natural Resources’s Stock Is Buy After Today’s Bullish Options Activity

 Pioneer Natural Resources's Stock Is Buy After Today's Bullish Options Activity

In today’s session Pioneer Natural Resources (PXD) registered an unusually high (518) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious PXD increase. With 518 contracts traded and 30664 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: PXD161021C00185000 closed last at: $2.05 or 41.4% down. About 400,420 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 33.86% since March 16, 2016 and is uptrending. It has outperformed by 28.32% the S&P500.

Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on November, 1 after the close. They expect $0.26 earnings per share, up 2,700.00% or $0.27 from last year’s $-0.01 per share. PXD’s profit will be $44.04 million for 182.71 P/E if the $0.26 EPS becomes a reality. After $-0.22 actual earnings per share 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. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, August 24 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was upgraded by Deutsche Bank on Thursday, January 7 to “Buy”. Societe Generale downgraded Pioneer Natural Resources (NYSE:PXD) on Thursday, August 4 to “Sell” rating. Global Hunter Securities upgraded the shares of PXD in a report on Friday, August 14 to “Accumulate” rating. The firm has “Equalweight” rating given on Thursday, July 14 by Barclays Capital. KLR Group downgraded Pioneer Natural Resources (NYSE:PXD) on Monday, March 21 to “Accumulate” rating. The firm earned “Outperform” rating on Wednesday, November 4 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, November 4 by Wunderlich. The firm has “Neutral” rating by Mizuho given on Thursday, October 6. The firm has “Positive” rating by Susquehanna given on Friday, October 30.

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 fall, 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.
Moreover, Iconiq Capital Limited Liability has 0.04% invested in Pioneer Natural Resources (NYSE:PXD) for 1,369 shares. Boston Family Office Ltd holds 0.04% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 2,000 shares. Carroll Associates reported 100 shares or 0% of all its holdings. Conning Inc last reported 3,853 shares in the company. Meiji Yasuda Asset Mgmt owns 1,555 shares or 0.03% of their US portfolio. Vident Inv Advisory Ltd Liability last reported 4,046 shares in the company. Tiaa Cref Invest Mgmt Lc holds 0.13% or 1.13M shares in its portfolio. Moreover, Blackrock Japan Com Limited has 0.12% invested in Pioneer Natural Resources (NYSE:PXD) for 222,342 shares. Williams Jones Associates Limited Liability accumulated 0.03% or 4,325 shares. Bb&T Ltd Liability holds 0% or 1,861 shares in its portfolio. Omega Advsrs Inc last reported 20,000 shares in the company. Oceanic Invest Ltd, a Isle Of Man-based fund reported 119,300 shares. Moreover, Evercore Wealth Mgmt Ltd Company has 0.02% invested in Pioneer Natural Resources (NYSE:PXD) for 2,380 shares. Delta Asset Mngmt Ltd Company Tn, a Tennessee-based fund reported 45 shares. Next Grp Inc accumulated 0.01% or 272 shares.

Insider Transactions: Since April 28, 2016, the stock had 0 insider buys, and 19 selling transactions for $28.86 million net activity. RISCH FRANK A sold 500 shares worth $84,916. BERG MARK STEPHEN sold 2,000 shares worth $348,640. Another trade for 2,500 shares valued at $419,965 was sold by SHEFFIELD KENNETH H JR. Hall Jerome D JR also sold $183,240 worth of Pioneer Natural Resources (NYSE:PXD) shares. Grillot Larry R. had sold 500 shares worth $82,362. 30,000 shares were sold by SHEFFIELD SCOTT D, worth $5.07 million on Thursday, April 28. $10.11M worth of Pioneer Natural Resources (NYSE:PXD) was sold by DOVE TIMOTHY L on Tuesday, September 20.

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 $32.19 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: Dallasnews.com which released: “Irving’s Pioneer Natural Resources sees rig count soaring in West Texas” on September 22, 2016, also Benzinga.com with their article: “Pioneer Natural Resources Could Employ More Rigs” published on October 10, 2016, Realmoney.Thestreet.com published: “Pioneer Natural Resources Is Heading Toward the Next Century Mark” on September 29, 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 Thestreet.com‘s news article titled: “Jim Cramer’s Top Takeaways: Cisco, Pioneer Natural Resources, EOG Resources” with publication date: September 30, 2016.

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