Mitsubishi UFJ Upgrades Pioneer Natural Resources to Overweight

Brokerage firm Mitsubishi UFJ Upgrades its rating on Pioneer Natural Resources(PXD). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Mitsubishi UFJ was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 8, 2017, Societe Generale said it Upgrades its rating on Pioneer Natural Resources. The shares have been rated ‘Buy’ by the firm.

Pioneer Natural Resources (PXD) shares turned negative on Wednesdays trading session with the shares closing down -5.53 points or -2.86% at a volume of 21,31,921. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $194.31. The peak price level was also seen at $194.31 while the days lowest was $187.71. Finally the shares closed at $188.13. The 52-week high of the shares is $199.83 while the 52-week low is $115.17. According to the latest information available, the market cap of the company is $31,944 M.

Pioneer Natural Resources(PXD) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.168B. Analysts had an estimated revenue of $1.040B. Earnings per share were $0.49. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2016, Timothy L Dove (President & COO) sold 3,000 shares at $185.08 per share price.Also, On Nov 28, 2016, Scott D Sheffield (Chairman & CEO) sold 10,000 shares at $185.14 per share price.On Aug 22, 2016, Jerome D Jr Hall (EVP, Permian Operations) sold 1,000 shares at $183.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company focuses on production of oil natural gas liquid (NGLs) and gas through development drilling production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the liquid-rich Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle and the Edwards gas field located in South Texas. The Company’s operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.

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