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

April 17, 2018 - By Marguerite Chambers

Pioneer Natural Resources Company (NYSE:PXD) Logo

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.16, from 1.03 in 2017Q3. It dived, 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.
Nikko Asset Management Americas Incorporated holds 158,600 shares. Kingfisher Ltd Liability Corporation owns 7,055 shares. Cap invested in 0.08% or 1.65M shares. Kbc Group Nv stated it has 128,577 shares. The Idaho-based Caprock Group has invested 0.09% in Pioneer Natural Resources Company (NYSE:PXD). Vr Advisory Svcs Limited holds 0.45% or 4,900 shares. Putnam Investments Limited owns 0.41% invested in Pioneer Natural Resources Company (NYSE:PXD) for 1.06 million shares. 20,013 were accumulated by Amalgamated Bank & Trust. Checchi Cap Advisers Ltd invested 0.03% in Pioneer Natural Resources Company (NYSE:PXD). California-based L And S Advsr Inc has invested 0.46% in Pioneer Natural Resources Company (NYSE:PXD). Citigroup reported 133,738 shares or 0.02% of all its holdings. Cap Innovations Lc holds 2.41% or 6,160 shares. Nelson Roberts Invest Advisors Ltd invested in 4 shares. The Ohio-based Victory Mngmt has invested 0.01% in Pioneer Natural Resources Company (NYSE:PXD). Hartford Investment Mgmt Co reported 0.11% stake.

Since December 11, 2017, it had 0 buys, and 10 insider sales for $3.90 million activity. Montemayor Margaret sold $252,855 worth of stock or 1,410 shares. Stewart Stephanie D sold $195,624 worth of Pioneer Natural Resources Company (NYSE:PXD) on Thursday, February 22. The insider BERG MARK STEPHEN sold $315,700. 2,134 shares were sold by Fairbrook Teresa A, worth $384,120 on Friday, February 23. CHEATWOOD CHRIS J also sold $1.67M worth of Pioneer Natural Resources Company (NYSE:PXD) shares. The insider Grillot Larry R. sold 200 shares worth $31,870.

The stock of Pioneer Natural Resources Company (NYSE:PXD) hit a new 52-week high and has $200.19 target or 4.00 % above today’s $192.49 share price. The 8 months bullish chart indicates low risk for the $32.83B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $200.19 price target is reached, the company will be worth $1.31B 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 0.71% or $1.36 during the last trading session, reaching $192.49. About 328,432 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has declined 4.79% since April 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 May, 2. They expect $1.41 EPS, up 464.00 % or $1.16 from last year’s $0.25 per share. PXD’s profit will be $240.44M for 34.13 P/E if the $1.41 EPS becomes a reality. After $1.22 actual EPS reported by Pioneer Natural Resources Company for the previous quarter, Wall Street now forecasts 15.57 % EPS growth.

Pioneer Natural Resources Company (NYSE:PXD) Ratings Coverage

Among 25 analysts covering Pioneer Natural Resources (NYSE:PXD), 23 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Pioneer Natural Resources had 44 analyst reports since October 18, 2017 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, December 20. The company was maintained on Friday, October 20 by KeyBanc Capital Markets. The firm has “Buy” rating by Jefferies given on Tuesday, January 30. The rating was maintained by Williams Capital Group with “Hold” on Wednesday, February 7. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Monday, January 29 by Stifel Nicolaus. The firm has “Buy” rating by Credit Suisse given on Monday, December 11. The firm has “Buy” rating given on Wednesday, March 14 by Piper Jaffray. The stock of Pioneer Natural Resources Company (NYSE:PXD) has “Buy” rating given on Tuesday, February 6 by Robert W. Baird. The company was maintained on Wednesday, February 14 by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, December 19 by Seaport Global.

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 $32.83 billion. The firm explores for, develops, and produces oil, natural gas liquids , and gas. It has a 39.69 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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