Williams Capital Group Initiates Coverage on Pioneer Natural Resources to Buy

Williams Capital Group Initiates Coverage on Pioneer Natural Resources(NYSE:PXD). The shares have been rated Buy. The rating by Williams Capital Group was issued on Aug 29, 2016.

In a different note, On Aug 24, 2016, Credit Suisse said it Maintains its rating on Pioneer Natural Resources. The shares have been rated ‘Outperform’ by the firm. On Aug 22, 2016, KeyBanc said it Maintains its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $190.00 per share. The shares have been rated ‘Overweight’ by the firm. Bernstein said it Initiates Coverage on Pioneer Natural Resources, according to a research note issued on Aug 17, 2016. The shares have been rated ‘Outperform’ by the firm. On Aug 4, 2016, Societe Generale said it Downgrades its rating on Pioneer Natural Resources. The shares have been rated ‘Sell’ by the firm. On Aug 2, 2016, Barclays said it Upgrades its rating on Pioneer Natural Resources. In the research note, the firm Raises the price-target to $152.00 per share. The shares have been rated ‘Overweight’ by the firm. 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.

Pioneer Natural Resources (PXD) made into the market gainers list on Thursdays trading session with the shares advancing 0.65% or 1.17 points. Due to strong positive momentum, the stock ended at $180.22, which is also near the day’s high of $180.34. The stock began the session at $178.03 and the volume stood at 15,48,758 shares. The 52-week high of the shares is $186.33 and the 52 week low is $103.5. The company has a current market capitalization of $30,567 M and it has 16,96,07,880 shares in outstanding.

Pioneer Natural Resources has also declared a cash dividend of $0.0400 on Aug 25, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 12, 2016.

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 Aug 22, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,000 shares at $183.24 per share price.Also, On Aug 16, 2016, Scott D Sheffield (Chairman & CEO) sold 20,000 shares at $175.81 per share price.On Aug 16, 2016, Mark Stephen Berg (EVP, Corporate/Operations) sold 2,000 shares at $174.32 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *