UBS Maintains Pioneer Natural Resources to Buy with Price Target $205.00

Brokerage firm UBS Maintains its rating on Pioneer Natural Resources(NYSE:PXD). In a research note issued to the investors, the brokerage major Raises the price-target to $205.00 per share. The shares have been rated Buy. The rating by UBS was issued on Jul 28, 2016.

In a different note, On Jul 28, 2016, Citigroup said it Maintains its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $180.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 18, 2016, KLR Group said it Upgrades its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $172.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 14, 2016, Barclays said it Maintains its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $151.00 per share. The shares have been rated ‘Equalweight’ by the firm. CLSA said it Initiates Coverage on Pioneer Natural Resources, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Buy’ by the firm. On May 2, 2016, Nomura said it Maintains its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $156.00 per share. The shares have been rated ‘Buy’ by the firm.

Pioneer Natural Resources (PXD) shares turned negative on Thursdays trading session with the shares closing down -0.21 points or -0.13% at a volume of 21,79,593. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $165.46. The peak price level was also seen at $165.46 while the days lowest was $160.2001. Finally the shares closed at $162.9. The 52-week high of the shares is $171.88 while the 52-week low is $103.5. According to the latest information available, the market cap of the company is $27,629 M.

Pioneer Natural Resources(PXD) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $786.00M. Analysts had an estimated revenue of $799.83M. Earnings per share were $-0.22. Analysts had estimated an EPS of $-0.38.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Mark H Kleinman (SVP, General Counsel) sold 1,000 shares at $151.01 per share price.Also, On Jun 30, 2016, Timothy L Dove (President & COO) sold 13,254 shares at $152.24 per share price.On Jun 30, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,600 shares at $149.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company 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 liquid-rich 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 operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.

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