Pioneer Natural Resources Company (NYSE:PXD) – Analysts at Jefferies Group issued their Q3 2017 EPS estimates for Pioneer Natural Resources in a note issued to investors on Monday. Jefferies Group analyst M. Lear anticipates that the oil and gas development company will post earnings per share of $0.24 for the quarter. Jefferies Group currently has a “Buy” rating and a $180.00 target price on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $1.18 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.89 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.02 EPS, Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $1.27 EPS and Q3 2019 earnings at $1.38 EPS.
A number of other research firms also recently commented on PXD. Wells Fargo & Company downgraded shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $190.00 to $160.00 in a report on Wednesday, August 2nd. Williams Capital set a $184.00 price objective on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Pioneer Natural Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Cowen and Company set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $200.16.
Shares of Pioneer Natural Resources (PXD) opened at 149.01 on Thursday. The company has a 50-day moving average of $139.28 and a 200 day moving average of $157.98. The stock has a market cap of $25.35 billion, a P/E ratio of 150.36 and a beta of 0.94. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned ($0.22) EPS. Pioneer Natural Resources’s revenue for the quarter was up 107.4% on a year-over-year basis.
Institutional investors have recently modified their holdings of the business. GWM Advisors LLC bought a new stake in Pioneer Natural Resources in the second quarter worth about $100,000. Commonwealth Bank of Australia raised its position in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in Pioneer Natural Resources in the second quarter worth about $120,000. Oppenheimer Asset Management Inc. bought a new stake in Pioneer Natural Resources in the first quarter worth about $172,000. Finally, WFG Advisors LP raised its position in Pioneer Natural Resources by 10.2% in the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.
In other Pioneer Natural Resources news, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,200 shares of company stock worth $161,102. Company insiders own 0.89% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.
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.
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