Barclays Maintains Pioneer Natural Resources to Equalweight with Price Target $152.00

Brokerage firm Barclays 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 $152.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 14, 2016.

In a different note, 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. On Apr 26, 2016, UBS said it Maintains its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $170.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 26, 2016, iBERIA Capital Partners said it Maintains its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $155.00 per share. The shares have been rated ‘Outperform’ by the firm.

Pioneer Natural Resources (PXD) made into the market gainers list on Mondays trading session with the shares advancing 0.10% or 0.15 points. Due to strong positive momentum, the stock ended at $156.85, which is also near the day’s high of $158.99. The stock began the session at $157.21 and the volume stood at 11,09,495 shares. The 52-week high of the shares is $171.88 and the 52 week low is $103.5. The company has a current market capitalization of $25,654 M and it has 16,35,56,620 shares in outstanding.

Pioneer Natural Resources(PXD) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $685.00M. Analysts had an estimated revenue of $712.44M. Earnings per share were $-0.64. Analysts had estimated an EPS of $-0.77.

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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