Cliffs Natural Resources Inc. (NYSE:CLF) Latest Broker Views

Among the 39 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for PXD is $189.19 but some analysts are projecting the price to go as high as $239.00.

In terms of performance, the stock has had a mixed year so far with the performance for the year at 8.91%. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas. Taking the Valuation Aspect To reach the estimation of Pioneer Natural Resources Compa, investors use price-to-earnings ratio, which is truncated as P/E ratio. Dearborn Partners LLC raised its stake in Pioneer Natural Resources by 11.5% in the fourth quarter.

03/10/2016 – Credit Suisse began new coverage on Cliffs Natural Resources Inc. giving the company a “underperform” rating. The 1-week percentage change for the stock price is registered at 1.85%.

Pioneer Natural Resources (NYSE:PXD)’s stock had its “buy” rating reaffirmed by Wells Fargo in a report released on Thursday.

Pioneer Natural Resources now has 163,556,000 shares which are outstanding with shareholders and have a share price of 162.5 bringing Pioneer Natural Resources’s market capitalisation to 26.58B United States dollars.

A number of investment brokers have recently updated their price targets on shares of Cliffs Natural Resources Inc. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Let’s also look at how covering sell-side analysts are viewing shares on average. The target price still implies a downside potential of 35%. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $139.47, for a total value of $32,357.04. The disclosure for this sale can be found here.

Pioneer Natural Resources Company (NYSE:PXD) witnessed a decline in the market cap on Wednesday as its shares dropped 0.33% or 0.54 points. “We believe Cliffs has significantly higher near-term earnings growth as rising steel sheet prices should lead to higher realized pellet prices (and earnings) for the remaining quarters in 2016 given the pricing mechanism of Cliffs’ U.S. Iron Ore contracts”.

The company is trading above its 50-day moving averages of 3.99 and up from 200-day moving averages of 2.75. its price to sale ratio was 0.47. During the same quarter past year, the firm posted ($0.03) EPS. The business earned $685 million during the quarter, compared to the consensus estimate of $703.97 million. The company’s revenue was down -21.2 % compared to the same quarter previous year. They are one of the leading companies in the Independent Oil & Gas in USA. 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 proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas.