Morgan Stanley analyst Devin McDermott maintained a Hold rating on Pioneer Natural (PXD – Research Report) today and set a price target of $285.00. The company’s shares closed last Monday at $280.00, close to its 52-week high of $288.46.
According to TipRanks.com, McDermott is a 5-star analyst with an average return of 15.7% and a 59.2% success rate. McDermott covers the Utilities sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Continental Resources, and Occidental Petroleum.
Pioneer Natural has an analyst consensus of Moderate Buy, with a price target consensus of $305.82.
The company has a one-year high of $288.46 and a one-year low of $133.73. Currently, Pioneer Natural has an average volume of 2.37M.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PXD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pioneer Natural Resources Co. Operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The firm also maintains an office in Midland, Texas and field offices in its area of operation. The company was founded in August 1997 and is headquartered in Irving, TX.
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