Barclays Maintains a Buy Rating on Pioneer Natural

By Jason Carr

In a report released yesterday, Thomas Driscoll from Barclays maintained a Buy rating on Pioneer Natural (NYSE: PXD), with a price target of $196. The company’s shares opened today at $174.44.

According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Occidental Petroleum.

Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $214.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. Last month, Mark Stephen Berg, the EVP, Corporate of PXD sold 1,500 shares for a total of $291,330.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pioneer Natural Resources Co. engages in the provision of oil and gas exploration. It involves in the development, and production of oil and gas reserves. The company was founded in August 1997 and is headquartered in Irving, TX.