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Pioneer Natural Resources (PXD) Stock Forecast & Price Target

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PXD Analyst Ratings Over Time

TypeCurrent Forecast
10/2/23 to 10/1/24
1 Month Ago
9/2/23 to 9/1/24
3 Months Ago
7/4/23 to 7/3/24
1 Year Ago
10/2/22 to 10/2/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
15 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
15 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$264.00$262.43$264.10$265.00
Forecasted Upside-2.08% Downside-2.67% Downside-2.05% Downside18.17% Upside
Consensus Rating
Reduce
Reduce
Hold
Moderate Buy

PXD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PXD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Pioneer Natural Resources Stock vs. The Competition

TypePioneer Natural ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
1.93
2.60
2.50
Consensus RatingReduceModerate BuyHold
Predicted Upside-2.08% Downside213.04% Upside6.15% Upside
News Sentiment Rating
Neutral News

See Recent PXD News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/23/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$237.00 ➝ $275.00-0.07%
4/22/2024Susquehanna
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$246.00 ➝ $278.00+2.84%
4/11/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$230.00 ➝ $282.00+3.81%
4/11/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$279.00+2.36%
4/5/2024Truist Financial
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 Boost TargetHold ➝ Hold$238.00 ➝ $278.00+1.91%
3/19/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$276.00 ➝ $290.00+15.10%
12/14/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$269.00 ➝ $250.00+9.00%
11/24/2023Argus
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 DowngradeBuy ➝ Sell
10/24/2023Raymond James
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 Reiterated RatingStrong-Buy ➝ Market Perform
10/19/2023TD Cowen
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 Reiterated RatingOutperform ➝ Market Perform$280.00 ➝ $256.00+0.30%
10/17/2023Sanford C. Bernstein
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 DowngradeOutperform ➝ Market Perform$273.00 ➝ $246.00-1.11%
10/16/2023BMO Capital Markets
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 DowngradeOutperform ➝ Market Perform
10/12/2023Capital One Financial
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P. Johnston
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DowngradeOverweight ➝ Equal Weight$253.00+3.99%
10/6/2023Roth Mkm
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 Reiterated RatingBuy ➝ Buy$245.00+3.14%
10/2/2023Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$230.00 ➝ $236.00+5.23%
9/27/2023Bank of America
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 Boost Target$240.00 ➝ $250.00+9.69%
9/20/2023Citigroup
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 Boost Target$234.00 ➝ $256.00+9.43%
8/28/2023Jefferies Financial Group
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 Boost TargetHold ➝ Hold$245.00 ➝ $265.00+13.35%
8/16/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$251.00 ➝ $264.00+12.98%
8/14/2023Piper Sandler
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 Boost TargetOverweight ➝ Overweight$311.00 ➝ $332.00+41.11%
8/10/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$227.00 ➝ $239.00+0.90%
7/12/2023Benchmark
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 Initiated CoverageHold
7/10/2023Evercore ISI
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 Lower Target$253.00 ➝ $243.00+17.73%
4/21/2023The Goldman Sachs Group
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 Boost TargetBuy$217.00 ➝ $240.00+6.77%
3/16/2023Barclays
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 Lower TargetOverweight$280.00 ➝ $275.00+51.22%
2/27/2023Tudor Pickering
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 UpgradeHold ➝ Buy
2/27/2023Tudor, Pickering, Holt & Co.
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 UpgradeHold ➝ Buy
2/22/2023Roth Capital
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L. Mariani
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Reiterated RatingBuy
12/8/2022KeyCorp
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 Lower TargetOverweight$290.00 ➝ $260.00+13.35%
10/28/2022TD Securities
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 Boost TargetBuy$280.00 ➝ $285.00+9.95%
10/28/2022Credit Suisse Group
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 Boost TargetOutperform$285.00 ➝ $300.00+14.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:37 PM ET.


Should I Buy Pioneer Natural Resources Stock? PXD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these Pioneer Natural Resources pros and cons to contact@marketbeat.com.

Pioneer Natural Resources
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Pioneer Natural Resources:

  • Pioneer Natural Resources has shown consistent growth in its oil and gas exploration and production operations, indicating a strong potential for future profitability.
  • The company's focus on the Midland Basin in West Texas provides a strategic advantage in a region known for its rich oil and gas reserves.
  • Recent reports indicate that Pioneer Natural Resources' stock price has been steadily increasing, reflecting positive investor sentiment and potential for capital appreciation.
  • With a solid track record since its founding in 1997, Pioneer Natural Resources has established itself as a reputable player in the crude petroleum and natural gas industry.
  • The oil and gas exploration and production subindustry is essential for meeting global energy demands, positioning Pioneer Natural Resources in a sector with long-term growth prospects.

Pioneer Natural Resources
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Pioneer Natural Resources for these reasons:

  • Volatility in oil and gas prices can significantly impact the company's revenue and profitability, making it susceptible to market fluctuations.
  • Regulatory changes in the oil and gas industry could lead to increased operational costs and compliance challenges for Pioneer Natural Resources.
  • Environmental concerns surrounding fossil fuel extraction may pose long-term risks to the company's operations and reputation, potentially affecting investor confidence.
  • Dependency on the Midland Basin for a significant portion of its operations exposes Pioneer Natural Resources to regional risks such as geological challenges or regulatory shifts specific to that area.
  • Investing in the oil and gas exploration and production sector comes with inherent risks related to geopolitical instability, supply-demand dynamics, and technological advancements impacting the industry.

PXD Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Pioneer Natural Resources is $264.00, with a high forecast of $290.00 and a low forecast of $236.00.

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pioneer Natural Resources in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" PXD shares.

According to analysts, Pioneer Natural Resources's stock has a predicted downside of -2.08% based on their 12-month stock forecasts.

Analysts like Pioneer Natural Resources less than other "oils/energy" companies. The consensus rating for Pioneer Natural Resources is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how PXD compares to other companies.


This page (NYSE:PXD) was last updated on 10/1/2024 by MarketBeat.com Staff
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