Could Pioneer Natural Resources Company (PXD) Lose its Strength? The Stock Reaches 52-Week High

April 24, 2018 - By Richard Conner

Pioneer Natural Resources Company (NYSE:PXD) Logo

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.
4 are held by Nelson Roberts Inv Advsrs Limited. First Personal Services accumulated 0.01% or 274 shares. Teacher Retirement Sys Of Texas invested in 0.05% or 45,610 shares. 12.42M were accumulated by Vanguard. Brown Brothers Harriman And has invested 0% in Pioneer Natural Resources Company (NYSE:PXD). Nordea Invest has invested 0% in Pioneer Natural Resources Company (NYSE:PXD). Avenir holds 5.96% in Pioneer Natural Resources Company (NYSE:PXD) or 373,063 shares. Birinyi Assoc Incorporated, Connecticut-based fund reported 10,000 shares. Plante Moran Advsr Ltd Co has 0% invested in Pioneer Natural Resources Company (NYSE:PXD). First Manhattan owns 5,287 shares. Sterling Capital Mgmt accumulated 0.01% or 6,349 shares. Ls Advsrs Ltd Liability Company has invested 0.05% of its portfolio in Pioneer Natural Resources Company (NYSE:PXD). Massmutual Fsb Adv accumulated 0% or 77 shares. Capital Investors has 0.35% invested in Pioneer Natural Resources Company (NYSE:PXD). Dnb Asset Mngmt As reported 503,751 shares.

Since December 11, 2017, it had 0 buys, and 10 insider sales for $3.90 million activity. 2,000 shares were sold by BERG MARK STEPHEN, worth $315,700 on Thursday, December 14. 1,100 shares were sold by Stewart Stephanie D, worth $195,624 on Thursday, February 22. CHEATWOOD CHRIS J also sold $1.67M worth of Pioneer Natural Resources Company (NYSE:PXD) shares. The insider Montemayor Margaret sold $252,855. DOVE TIMOTHY L also sold $159,505 worth of Pioneer Natural Resources Company (NYSE:PXD) shares. 1,150 Pioneer Natural Resources Company (NYSE:PXD) shares with value of $207,196 were sold by KLEINMAN MARK H.

The stock of Pioneer Natural Resources Company (NYSE:PXD) hit a new 52-week high and has $210.18 target or 6.00 % above today’s $198.28 share price. The 8 months bullish chart indicates low risk for the $33.81B company. The 1-year high was reported on Apr, 24 by Barchart.com. If the $210.18 price target is reached, the company will be worth $2.03B 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 0.47% or $0.93 during the last trading session, reaching $198.28. About 492,482 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 24, 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 May, 2 after the close. They expect $1.47 EPS, up 488.00 % or $1.22 from last year’s $0.25 per share. PXD’s profit will be $250.67M for 33.72 P/E if the $1.47 EPS becomes a reality. After $1.22 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 20.49 % EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 26 analysts covering Pioneer Natural (NYSE:PXD), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Pioneer Natural had 47 analyst reports since November 3, 2017 according to SRatingsIntel. As per Sunday, January 21, the company rating was maintained by KeyBanc Capital Markets. Jefferies maintained Pioneer Natural Resources Company (NYSE:PXD) on Friday, November 3 with “Buy” rating. The firm earned “Buy” rating on Monday, February 26 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Friday, April 13 report. RBC Capital Markets maintained Pioneer Natural Resources Company (NYSE:PXD) on Wednesday, February 7 with “Buy” rating. Imperial Capital maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Thursday, February 8. Imperial Capital has “Outperform” rating and $220 target. Susquehanna maintained it with “Hold” rating and $193.0 target in Monday, March 5 report. Barclays Capital maintained it with “Overweight” rating and $156 target in Monday, November 20 report. KeyBanc Capital Markets maintained it with “Overweight” rating and $220 target in Monday, April 23 report. The stock has “Buy” rating by FBR Capital on Monday, February 5.

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 $33.81 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 40.88 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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