Analyst Ratings for Pioneer Natural Resources Co. (PXD)Updated: 2017-07-28
Pioneer Natural Resources Co. (NYSE:PXD) was awarded an average rating of Buy from investment analysts following the stock. PXD had previously received a consensus rating of Buy a month ago.
34 analysts declared PXD a buy, 4 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.
PXD was given price targets by several analysts. The most optimistic price target was 316, which equates to a potential upside of 95.77 percent. The lowest price target was 140, which equates to a potential downside of -13.26 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -40.15 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -65.07 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -23 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -36.44 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 7 analysts increased their quarterly estimates, which can be compared to the 10 analysts that decreased their estimates. Also over the last month, 6 analysts increased their estimates for the FY earnings, while 11 analysts decreased their estimates.
In the trailing 52-weeks, PXD hit 199.83 at the highest peak, while it's lowest trading point was 153.10. Currently the stock is 5.43 percent higher than its low, and 19.23 percent lower than its 52-week high. PXD has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PXD value stock report compares PXD to some of its peers using value stock charts. The stock has a market capitalization of $27.88 billion. PXD will post this quarters earnings in days, on 0000-00-00.