Pioneer Natural Gets a Buy Rating from Credit Suisse

By Carrie Williams

In a report issued on July 10, William Featherston from Credit Suisse maintained a Buy rating on Pioneer Natural (NYSE: PXD), with a price target of $251. The company’s shares opened today at $182.36.

According to TipRanks.com, Featherston is a 3-star analyst with an average return of 2.4% and a 54.8% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Concho Resources, and EOG Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pioneer Natural with a $237.29 average price target, representing a 30.1% upside. In a report issued on July 5, TD Securities also initiated coverage with a Buy rating on the stock with a $240 price target.

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Pioneer Natural’s market cap is currently $31.12B and has a P/E ratio of 29.72. The company has a Price to Book ratio of 2.73.

Based on the recent corporate insider activity of 117 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 focuses in the operation of Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded in August 1997 and is headquartered in Irving, TX.