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 most optimistic price target was 316, which equates to a potential upside 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -40.15 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -65.07 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -23 percent. If we look at the last 90 days instead, we find a net average change of -36.44 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 7 analysts made positive revisions to their quarterly estimates over the past month, while 10 analysts revised their estimates downwards. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, while 11 analysts made negative revisions to their fiscal year's estimates.
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 below the high by 19.23 percent. 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 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.