Could Pioneer Natural Resources Rise More? The Stock Had Bearish Options Activity

 Could Pioneer Natural Resources Rise More? The Stock Had Bearish Options Activity

In today’s session Pioneer Natural Resources (PXD) recorded an unusually high (160) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PXD decrease. With 160 contracts traded and 14474 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PXD170120P00150000 closed last at: $2.35 or 2.1% down. About 855,763 shares traded hands. Pioneer Natural Resources (NYSE:PXD) has risen 15.79% since April 28, 2016 and is uptrending. It has outperformed by 9.86% the S&P500.

Analysts await Pioneer Natural Resources (NYSE:PXD) to report earnings on February, 8. They expect $0.39 EPS, up 316.67% or $0.57 from last year’s $-0.18 per share. PXD’s profit will be $72.82 million for 122.60 P/E if the $0.39 EPS becomes a reality. After $0.13 actual EPS reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts 200.00% 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 -6.80% below today’s ($191.25) stock price. Pioneer Natural Resources has been the topic of 73 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Monday, August 10 by CLSA. The rating was upgraded by Barclays Capital on Monday, January 11 to “Equal Weight”. The stock has “Outperform” rating given by BMO Capital Markets on Tuesday, January 12. KLR Group upgraded it to “Buy” rating and $181 target price in Friday, August 7 report. Wunderlich maintained it with “Buy” rating and $127 target price in Friday, February 12 report. The firm has “Buy” rating given on Wednesday, August 5 by UBS. The company was maintained on Wednesday, November 4 by RBC Capital Markets. The company was maintained on Wednesday, August 24 by Credit Suisse. The rating was initiated by Bernstein with “Outperform” on Wednesday, August 17. Williams Capital Group initiated Pioneer Natural Resources (NYSE:PXD) on Monday, August 29 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 1.13 in 2016 Q2. Its down 0.50, from 1.63 in 2016Q1. The ratio dropped, 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.
Envestnet Asset holds 0.01% or 18,891 shares in its portfolio. Royal Comml Bank Of Canada accumulated 0.06% or 614,290 shares. Cim Invest Mangement Inc last reported 5,145 shares in the company. Retail Bank Of Nova Scotia owns 3,266 shares or 0% of their US portfolio. Dg Mgmt Inc holds 6,775 shares or 1.09% of its portfolio. The Louisiana-based Waters Parkerson & Ltd Llc has invested 1.17% in Pioneer Natural Resources (NYSE:PXD). Janney Montgomery Scott Limited Liability Com has invested 0.02% of its portfolio in Pioneer Natural Resources (NYSE:PXD). First Allied Advisory Services reported 2,065 shares or 0.02% of all its holdings. Wetherby Asset Mngmt Incorporated has 0.1% invested in the company for 2,871 shares. Moreover, Bancshares Of Hawaii has 0.03% invested in Pioneer Natural Resources (NYSE:PXD) for 1,750 shares. One Trading Lp holds 11,351 shares or 0.02% of its portfolio. Harvard Mngmt Incorporated holds 3,124 shares or 0.09% of its portfolio. Ny State Teachers Retirement Systems has invested 0.12% of its portfolio in Pioneer Natural Resources (NYSE:PXD). Conning has 0.02% invested in the company for 3,853 shares. Atalanta Sosnoff Capital Ltd Company last reported 0.98% of its portfolio in the stock.

Insider Transactions: Since June 28, 2016, the stock had 0 insider purchases, and 14 sales for $21.78 million net activity. $239,840 worth of Pioneer Natural Resources (NYSE:PXD) was sold by Hall Jerome D JR on Tuesday, June 28. 57,363 shares were sold by DOVE TIMOTHY L, worth $10.11 million on Tuesday, September 20. SHEFFIELD SCOTT D had sold 10,000 shares worth $1.85M. Another trade for 12,151 shares valued at $2.08 million was sold by CHEATWOOD CHRIS J. BERG MARK STEPHEN had sold 2,000 shares worth $348,640. KLEINMAN MARK H also sold $262,731 worth of Pioneer Natural Resources (NYSE:PXD) on Friday, August 12. Grillot Larry R. also sold $82,362 worth of Pioneer Natural Resources (NYSE:PXD) shares.

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 $35.71 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 important recent Pioneer Natural Resources (NYSE:PXD) news were published by: Seekingalpha.com which released: “Pioneer Natural Resources Issues A Direct Challenge To OPEC: We Can Go, Toe To Toe” on November 29, 2016, also Businesswire.com published article titled: “Pioneer Natural Resources to Present at Jefferies 2016 Energy Conference”, Realmoney.Thestreet.com published: “Pioneer Natural Resources Enjoys Positive Charts” on November 08, 2016. More interesting news about Pioneer Natural Resources (NYSE:PXD) was released by: Seekingalpha.com and their article: “Pioneer Natural Resources: Can You Compound Growth?” with publication date: November 04, 2016.

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