PXD (NYSE:PXD) Target Raised by KeyCorp to $202.00

PXD stock has undergone multiple analysts rating changes in the recent past.  Pioneer Natural Resources stock Target Raised by KeyCorp on 10/14/2021. In a note to investors, the firm issued a new target price of $202.00. The analysts previously had $192.00 target price. KeyCorp’s price target would indicate a potential upside of 5.89% from the stock’s previous close.

Shares of Pioneer Natural Resources traded up $1.09 on Wednesday, reaching $191.84. 247518 shares of the stock traded hands, compared to its average volume of 2288140. On Wednesday, Shares of Pioneer Natural Resources closed at $191.84. The firm’s 50 day moving average is $158.11 and its 200 day moving average is $151.27.Pioneer Natural Resources  has a 12 month low of $76.58 and a 12 month high of $196.64. While on yearly highs and lows, Pioneer Natural Resources today has traded high as $194.50 and has touched $191.28 on the downward trend.

Pioneer Natural Resources Earnings and What to expect: 

Pioneer Natural Resources last announced its quarterly earnings results on August 1st, 2021. The oil and gas development company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by $0.01. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.47 billion. Its revenue for the quarter was up 298.0% compared to the same quarter last year. Pioneer Natural Resources has generated $1.64 earnings per share over the last year ($1.35 diluted earnings per share) and currently has a price-to-earnings ratio of 141.3. Earnings for Pioneer Natural Resources are expected to grow by 48.85% in the coming year, from $12.63 to $18.80 per share. Pioneer Natural Resources has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 3rd, 2021 based off prior year’s report dates.

Earnings for Pioneer Natural Resources are expected to grow by 48.85% in the coming year, from $12.63 to $18.80 per share. The P/E ratio of Pioneer Natural Resources is 141.30, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.32. The P/E ratio of Pioneer Natural Resources is 141.30, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.39. Pioneer Natural Resources has a PEG Ratio of 1.40. PEG Ratios above 1 indicate that a company could be overvalued. Pioneer Natural Resources has a P/B Ratio of 2.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Pioneer Natural Resources (NYSE:PXD) Moving Average Technical Analysis

5 day Moving Average is $$190.58 And 5 day price change is $8.96 (4.93%)  with average volume for 5 day average is 2,683,540. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $171.31 and 20 day price change is $32.10 (20.23%) and average 20 day moving volume is 2,536,355. 50 day moving average is $158.11  and 50 day price change is $37.25 ( 24.27%)  and with average volume for 50 days is : 2,075,678. 200 day moving average is $151.27  and 200 day price change is $80.11 (72.40%)  and with average volume for 200 days is : 2,462,606.

Other owners latest trading in PXD :

  • On 10/13/2021 shares held by Scout Investments Inc. were 512,732 which equates to market value of $85.38M and appx 1.30% owners of PXD
  • On 10/13/2021 shares held by Crossmark Global Holdings Inc. were 4,120 which equates to market value of $0.43M and appx 0.00% owners of PXD
  • On 10/13/2021 shares held by Veracity Capital LLC were 8,018 which equates to market value of $1.34M and appx 0.60% owners of PXD
  • In total Institutional ownership equates to Institutional Ownership Percentage: 86.80% for PXD

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