Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on Pioneer Natural (PXD – Research Report) on May 4 and set a price target of $343.00. The company’s shares closed last Thursday at $256.48, close to its 52-week high of $260.00.
According to TipRanks.com, Lovaglio is a top 25 analyst with an average return of 58.4% and a 91.2% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.
Currently, the analyst consensus on Pioneer Natural is a Strong Buy with an average price target of $292.95, a 14.0% upside from current levels. In a report issued on April 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $321.00 price target.
Pioneer Natural’s market cap is currently $61.16B and has a P/E ratio of 30.71.
Based on the recent corporate insider activity of 64 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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