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.
A number of analysts gave price targets for PXD. The most optimistic analyst gave a price target of 316, implying a possible profit of 95.77 percent. The most pessimistic analyst gave a price target of 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -40.15 percent. That number becomes -65.07 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -23 percent, compared to last month. 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. 7 analysts made positive revisions to their quarterly estimates over the past month, while 10 analysts made negative revisions. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 11 analysts that revised their FY estimates downwards.
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 below the 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 market cap of PXD is $27.88 billion. PXD is estimated to release their earnings results for the quarter on 0000-00-00, days from today.