Stock Worth Mentioning: Could Pioneer Natural Resources Change Direction After Today’s Significant Increase?


Stock Worth Mentioning: Could Pioneer Natural Resources Change Direction After Today's Significant Increase?

The stock of Pioneer Natural Resources (NYSE:PXD) is a huge mover today! About 591,311 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.
The move comes after 8 months positive chart setup for the $32.29 billion company. It was reported on Oct, 19 by We have $285.95 PT which if reached, will make NYSE:PXD worth $16.15B more.

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 $44.04 million for 183.30 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. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by UBS with “Buy” on Wednesday, August 5. Drexel Hamilton initiated the shares of PXD in a report on Tuesday, April 5 with “Buy” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Wednesday, January 6. The rating was maintained by iBERIA Capital Partners with “Outperform” on Tuesday, April 26. As per Monday, August 10, the company rating was upgraded by CLSA. The stock of Pioneer Natural Resources (NYSE:PXD) has “Overweight” rating given on Monday, August 22 by KeyBanc Capital Markets. The company was initiated on Wednesday, August 17 by Bernstein. Citigroup upgraded it to “Buy” rating and $145 target price in Thursday, January 7 report. On Tuesday, October 13 the stock rating was maintained by Topeka Capital Markets with “Buy”. The company was maintained on Friday, February 12 by Wunderlich.

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 dived, 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.
Walleye Trading Lc last reported 39,971 shares in the company. Franklin Res Inc has 0.04% invested in the company for 463,380 shares. Qs Invsts Limited Liability last reported 4,272 shares in the company. Adage Cap Prtnrs Gp Llc holds 914,700 shares or 0.38% of its portfolio. The Washington-based First Washington Corp has invested 1.07% in Pioneer Natural Resources (NYSE:PXD). Prudential has 0.06% invested in the company for 232,505 shares. 1832 Asset Mngmt Ltd Partnership last reported 264,263 shares in the company. Parkside National Bank last reported 84 shares in the company. Wells Fargo & Mn has invested 0.03% of its portfolio in Pioneer Natural Resources (NYSE:PXD). State Of Tennessee Treasury Department accumulated 0.06% or 83,770 shares. Leavell Mgmt Inc last reported 0.19% of its portfolio in the stock. Tokio Marine Asset Company Limited owns 12,817 shares or 0.2% of their US portfolio. Oppenheimer Com, a New York-based fund reported 35,956 shares. Iconiq Capital Lc accumulated 0.04% or 1,369 shares. Hudock Grp Inc Ltd Liability holds 0.06% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 725 shares.

Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 19 selling transactions for $28.86 million net activity. Another trade for 7,000 shares valued at $1.18 million was sold by BERG MARK STEPHEN. $84,916 worth of Pioneer Natural Resources (NYSE:PXD) shares were sold by RISCH FRANK A. Another trade for 750 shares valued at $128,633 was sold by THOMPSON J KENNETH. CHEATWOOD CHRIS J sold $1.76M worth of stock or 10,641 shares. SHEFFIELD SCOTT D sold 30,000 shares worth $5.07 million. Hall Jerome D JR also sold $183,240 worth of Pioneer Natural Resources (NYSE:PXD) shares. 13,254 shares with value of $2.02 million were sold by DOVE TIMOTHY L on Wednesday, June 29.

More notable recent Pioneer Natural Resources (NYSE:PXD) news were published by: which released: “Irving’s Pioneer Natural Resources sees rig count soaring in West Texas” on September 22, 2016, also with their article: “Pioneer Natural Resources Could Employ More Rigs” published on October 10, 2016, 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: and their article: “Jim Cramer’s Top Takeaways: Cisco, Pioneer Natural Resources, EOG Resources” published on September 30, 2016 as well as‘s news article titled: “Cash Dividend On The Way From Pioneer Natural Resources (PXD)” with publication date: September 26, 2016.

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.

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