Pioneer Natural Resources Co. to Post Q1 2017 Earnings of ($0.15) Per Share, KeyCorp Forecasts (PXD)

Pioneer Natural Resources Co. (NYSE:PXD) – Equities researchers at KeyCorp issued their Q1 2017 earnings estimates for Pioneer Natural Resources in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum forecasts that the firm will earn ($0.15) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $215.00 target price on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q2 2017 earnings at $0.02 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.42 EPS, Q1 2018 earnings at $0.87 EPS, Q2 2018 earnings at $1.06 EPS and Q3 2018 earnings at $1.35 EPS.

PXD has been the topic of several other research reports. JPMorgan Chase & Co. set a $190.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Monday, August 1st. Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. TheStreet upgraded shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Canaccord Genuity reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, July 29th. Finally, Barclays PLC upgraded shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $152.00 to $175.00 in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources currently has an average rating of “Buy” and a consensus price target of $182.65.

Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

Shares of Pioneer Natural Resources (NYSE:PXD) traded up 1.32% during trading on Thursday, reaching $185.51. 1,327,889 shares of the company’s stock traded hands. The company’s 50-day moving average is $181.89 and its 200 day moving average is $170.64. The company’s market cap is $31.48 billion. Pioneer Natural Resources has a 52-week low of $103.50 and a 52-week high of $193.39.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, November 1st. The oil and gas development company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. Pioneer Natural Resources’s revenue for the quarter was down 47.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) EPS.

Several large investors have recently modified their holdings of PXD. ETRADE Capital Management LLC raised its stake in shares of Pioneer Natural Resources by 49.9% in the third quarter. ETRADE Capital Management LLC now owns 3,532 shares of the oil and gas development company’s stock worth $655,000 after buying an additional 1,175 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Pioneer Natural Resources during the third quarter worth $32,326,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Pioneer Natural Resources during the third quarter worth $1,540,000. J.P. Marvel Investment Advisors LLC raised its stake in shares of Pioneer Natural Resources by 33.3% in the third quarter. J.P. Marvel Investment Advisors LLC now owns 23,032 shares of the oil and gas development company’s stock worth $4,276,000 after buying an additional 5,758 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Pioneer Natural Resources by 25.4% in the third quarter. Ameritas Investment Partners Inc. now owns 4,054 shares of the oil and gas development company’s stock worth $753,000 after buying an additional 821 shares during the last quarter. Institutional investors and hedge funds own 94.89% of the company’s stock.

In other news, COO Timothy L. Dove sold 57,363 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the sale, the chief operating officer now owns 289,693 shares in the company, valued at $51,069,978.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank A. Risch sold 500 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $185.08, for a total value of $92,540.00. Following the sale, the director now owns 11,156 shares in the company, valued at approximately $2,064,752.48. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

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Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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