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.
Investment analysts gave a few price targets for PXD. The maximum price target given was 316, implying a possible profit of 95.77 percent. The most pessimistic analyst gave a price target of 140, implying a possible loss of -13.26 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -40.15 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -36.44 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 7 analysts made positive revisions to their quarterly estimates over the past month, 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, 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. The current market price is above the trailing year's low by 5.43 percent, and 19.23 percent below the high. PXD has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.