FY2018 Earnings Estimate for Pioneer Natural Resources Company (NYSE:PXD) Issued By Williams Capital

Pioneer Natural Resources Company (NYSE:PXD) – Investment analysts at Williams Capital reduced their FY2018 earnings per share estimates for shares of Pioneer Natural Resources in a report released on Tuesday. Williams Capital analyst G. Sorbara now expects that the oil and gas development company will post earnings per share of $2.88 for the year, down from their prior estimate of $3.11. Williams Capital currently has a “Hold” rating and a $200.00 price objective on the stock. Williams Capital also issued estimates for Pioneer Natural Resources’ FY2019 earnings at $5.92 EPS.

Other equities analysts also recently issued research reports about the stock. Scotiabank set a $245.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Monday, March 27th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research report on Monday, May 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $233.00 price target on shares of Pioneer Natural Resources in a research report on Friday, May 12th. KLR Group boosted their price target on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $196.00 target price (down from $204.00) on shares of Pioneer Natural Resources in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $214.83.

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Pioneer Natural Resources (PXD) traded down 1.96% during mid-day trading on Wednesday, reaching $160.08. The company’s stock had a trading volume of 850,168 shares. The company’s 50-day moving average price is $161.00 and its 200 day moving average price is $176.52. Pioneer Natural Resources has a 52 week low of $147.21 and a 52 week high of $199.83. The firm’s market capitalization is $27.23 billion.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. Pioneer Natural Resources had a positive return on equity of 1.08% and a negative net margin of 7.20%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned ($0.64) earnings per share. Pioneer Natural Resources’s revenue was up 114.3% compared to the same quarter last year.

A number of hedge funds have recently modified their holdings of the stock. Duncker Streett & Co. Inc. increased its stake in shares of Pioneer Natural Resources by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,970 shares of the oil and gas development company’s stock valued at $474,000 after buying an additional 70 shares in the last quarter. Hermes Investment Management Ltd. purchased a new stake in shares of Pioneer Natural Resources during the second quarter valued at $743,000. Rothschild Capital Partners LLC increased its stake in shares of Pioneer Natural Resources by 40.4% in the second quarter. Rothschild Capital Partners LLC now owns 14,311 shares of the oil and gas development company’s stock valued at $2,284,000 after buying an additional 4,115 shares in the last quarter. Murphy Capital Management Inc. increased its stake in shares of Pioneer Natural Resources by 4.5% in the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock valued at $18,364,000 after buying an additional 4,980 shares in the last quarter. Finally, Washington Trust Bank increased its stake in shares of Pioneer Natural Resources by 0.9% in the second quarter. Washington Trust Bank now owns 10,213 shares of the oil and gas development company’s stock valued at $1,630,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of Pioneer Natural Resources stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the sale, the executive vice president now directly owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

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

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