The stock price is going above to its 52 week low with 312.50% and lagging behind from its 52 week high with -15.09%.
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Pioneer Natural Resources Company (NYSE:PXD) witnessed a decline in the market cap on Wednesday as its shares dropped 0.33% or 0.54 points.
Analysts are weighing in on how Pioneer Natural Resources (NYSE:PXD), might perform in the near term. The stock price is trading upbeat from its 200 days moving average with 75.55% and up from 50 days moving average with 25.76%. Nomura upped their target price on Pioneer Natural Resources from $156.00 to $189.00 and gave the company a “buy” rating in a report on Monday, May 2nd. Wunderlich lifted their target price on shares of Pioneer Natural Resources from $128.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, April 27th. The stock was sold at an average price of $163.21, for a total value of $424,346.00. Some sell-side analysts, particularly the bearish ones, have called for $147.00 price targets on shares of Pioneer Natural Resources (NYSE:PXD). “1” brokerage firms have rated the company as a “Hold”. The 52-week low of the share price is $103.5. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. Institutional ownership in the company is 96.50% while the short ratio is 4.67.
For the current quarter, the 37.00 analysts offering adjusted EPS forecast have a consensus estimate of $-0.41 a share, which would compare with $0.10 in the same quarter previous year.
The Company gained 3.12% and finished at $4.95. Technical View The technical analysis of Pioneer Natural Resources Compa clearly shows that the moving average of 50-days of Pioneer Natural Resources Company (NYSE:PXD) stock is $162.8240, and stock is trading -0.4504 or -0.2766% off from $162.8240. The company’s market capitalization is $24.97 billion.
On the company’s financial health, Pioneer Natural Resources reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on April 25, 2016.
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In the last reported results, the company reported earnings of $0.10 per share, while analysts were calling for share earnings of $0.05. The business had revenue of $685 million for the quarter, compared to analyst estimates of $703.97 million. Pioneer Natural Resources’s revenue for the quarter was down 21.2% on a year-over-year basis. They are one of the leading companies in the Independent Oil & Gas in USA. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.
