BMO Capital Reiterates Their Buy Rating on Pioneer Natural

By Carrie Williams

In a report released today, Phillip Jungwirth from BMO Capital reiterated a Buy rating on Pioneer Natural (NYSE: PXD), with a price target of $260. The company’s shares opened today at $177.58.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.3% and a 51.8% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.

Currently, the analyst consensus on Pioneer Natural is Strong Buy and the average price target is $225.78, representing a 27.1% upside.

In a report issued on March 28, Stifel Nicolaus also reiterated a Buy rating on the stock with a $313 price target.

Based on Pioneer Natural’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.77 billion and quarterly net profit of $660 million. In comparison, last year the company earned revenue of $1.29 billion and had a GAAP net loss of $42 million.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.

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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.