What’s Ahead for Pioneer Natural Resources Company (PXD) After Achieving 52-Week High?

May 17, 2018 - By Lola Flanagan

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Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.16, from 1.03 in 2017Q3. It is negative, as 66 investors sold Pioneer Natural Resources Company shares while 230 reduced holdings. 89 funds opened positions while 168 raised stakes. 148.22 million shares or 2.39% less from 151.85 million shares in 2017Q3 were reported.
Balyasny Asset Mngmt Llc invested in 5,370 shares. Commerzbank Aktiengesellschaft Fi owns 0.08% invested in Pioneer Natural Resources Company (NYSE:PXD) for 35,598 shares. Tru Company Of Toledo Na Oh stated it has 1,256 shares or 0.05% of all its holdings. Boston stated it has 0.46% in Pioneer Natural Resources Company (NYSE:PXD). First Personal Financial Services reported 274 shares stake. Westfield Cap Mgmt Lp accumulated 264,160 shares. Bb&T Secs Limited Company accumulated 4,609 shares. Aperio Gp Limited Co holds 68,979 shares. Bluestein R H & holds 2.91% or 324,723 shares in its portfolio. Commerce Comml Bank holds 0.01% or 2,803 shares. Forbes J M & Ltd Liability Partnership accumulated 0.57% or 14,376 shares. Ftb Advisors has invested 0.04% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Uss invested in 1.61% or 800,000 shares. Vr Advisory Limited accumulated 0.45% or 4,900 shares. Teachers Retirement Sys Of The State Of Kentucky invested 0.12% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD).

Since December 11, 2017, it had 0 buys, and 20 sales for $18.18 million activity. 5,184 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $1.06 million were sold by CHEATWOOD CHRIS J. 40,000 shares were sold by SHEFFIELD SCOTT D, worth $8.10M on Thursday, May 10. Another trade for 2,134 shares valued at $384,120 was sold by Fairbrook Teresa A. Grillot Larry R. sold $31,870 worth of stock or 200 shares. HANNES WILLIAM F sold $2.03M worth of stock. On Monday, May 7 Hopkins Frank E sold $238,327 worth of Pioneer Natural Resources Company (NYSE:PXD) or 1,192 shares.

The stock of Pioneer Natural Resources Company (NYSE:PXD) hit a new 52-week high and has $225.64 target or 6.00 % above today’s $212.87 share price. The 6 months bullish chart indicates low risk for the $36.28 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $225.64 price target is reached, the company will be worth $2.18B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.29% or $6.785 during the last trading session, reaching $212.865. About 927,235 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since May 17, 2017 and is downtrending. It has underperformed by 16.34% the S&P500.

Analysts await Pioneer Natural Resources Company (NYSE:PXD) to report earnings on August, 7. They expect $1.58 EPS, up 652.38 % or $1.37 from last year’s $0.21 per share. PXD’s profit will be $269.28 million for 33.68 P/E if the $1.58 EPS becomes a reality. After $1.66 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts -4.82 % negative EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Pioneer Natural Resources had 48 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, April 16 by SunTrust. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Buy” rating by FBR Capital on Monday, February 5. Susquehanna maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Monday, March 5. Susquehanna has “Hold” rating and $193.0 target. The firm earned “Buy” rating on Thursday, May 3 by Credit Suisse. The firm earned “Buy” rating on Wednesday, February 14 by Stifel Nicolaus. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Wednesday, February 7 by Jefferies. Credit Suisse maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Tuesday, January 23. Credit Suisse has “Buy” rating and $218.0 target. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Wednesday, February 7 by RBC Capital Markets. As per Tuesday, February 6, the company rating was downgraded by SunTrust. The firm has “Buy” rating by Jefferies given on Wednesday, December 20.

More important recent Pioneer Natural Resources Company (NYSE:PXD) news were published by: Gurufocus.com which released: “5 Energy Stocks in Gurus’ Portfolios” on May 14, 2018, also Seekingalpha.com published article titled: “Pioneer Natural Resources (PXD) Q1 2018 Results – Earnings Call Transcript”, Benzinga.com published: “KLR Downgrades 3 E&P Names On Valuation Concerns” on April 18, 2018. More interesting news about Pioneer Natural Resources Company (NYSE:PXD) was released by: Investorplace.com and their article: “5 Top Energy Stocks For $100-A-Barrel Oil” with publication date: May 17, 2018.

Pioneer Natural Resources Company operates as an independent gas and oil exploration and production firm in the United States. The company has market cap of $36.28 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 43.89 P/E ratio. It has activities primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

Pioneer Natural Resources Company (NYSE:PXD) Institutional Positions Chart

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