Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Canadian Natural Resources Limited (NYSE:CNQ). The 52-week high of the share price is $171.88 and the 52-week low is $103.5. Shares of company began trading at $29.71 climbed to high of $30.24 touched the low of $29.33. Canaccord Genuity upped their target price on Pioneer Natural Resources from $147.00 to $158.00 in a report on Tuesday, April 12th. 0 analysts have rated the company as a strong “Hold”. Analysts expect the variance to be within $7.61 of the average price. Pioneer Natural Resources makes up approx 0.11% of Nisa Investment Advisors’s portfolio. Finally, Topeka Capital Markets upped their target price on Pioneer Natural Resources from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. Collecting that bid as the premium represents a 3.9% return against the $80 commitment, or a 2.6% annualized rate of return (at Stock Options Channel we call this the YieldBoost ). The Hedge Fund company now holds 1,606 shares of PXD which is valued at $241,912. Checchi Capital Advisers LLC raised its stake in Pioneer Natural Resources by 2.2% in the second quarter. Robotti Robert acquired a new stake in Pioneer Natural Resources during the first quarter valued at about $203,000.
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Having a glance at growth estimates of the company, it has current quarter growth estimates of -225.00% whereas for next quarter it has -230.00% estimations over growth.
In related news, COO Timothy L. Dove sold 13,254 shares of Pioneer Natural Resources stock in a transaction on Wednesday, June 29th. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 50.99% to reach the $80 strike price. The company had revenue of $786.00 million for the quarter, compared to analysts expectations of $783.47 million. The stock’s institutional ownership stands at 94.40%. The shares were sold at an average price of $149.90, for a total value of $239,840.00. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. The disclosure for this sale can be found here.
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In the second quarter, gas production fell 5 percent because of unforeseen third-party pipeline and facility outages, causing the company to lower its gas output target for the year by 2%. The Company operates through the oil and gas development, exploration and production segment. That will mean more flexibility to improve cash flow, invest in resource development and consider “opportunistic” deals.
