Seaport Global Securities Analysts Increase Earnings Estimates for Pioneer Natural Resources (PXD)

Pioneer Natural Resources (NYSE:PXD) – Stock analysts at Seaport Global Securities raised their Q1 2018 earnings per share estimates for Pioneer Natural Resources in a research note issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas development company will post earnings per share of $0.95 for the quarter, up from their previous estimate of $0.94. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $1.03 EPS and FY2018 earnings at $4.25 EPS.

A number of other analysts also recently weighed in on PXD. Mizuho set a $202.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Tuesday. Susquehanna Bancshares restated a “neutral” rating and issued a $207.00 price target on shares of Pioneer Natural Resources in a research note on Wednesday. UBS Group downgraded Pioneer Natural Resources from a “positive” rating to a “neutral” rating in a research note on Wednesday. Piper Jaffray Companies restated a “buy” rating and issued a $207.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, January 9th. Finally, BMO Capital Markets restated a “buy” rating and issued a $225.00 price target on shares of Pioneer Natural Resources in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $194.73.

Shares of Pioneer Natural Resources (PXD) opened at $184.32 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The firm has a market capitalization of $31,056.87, a P/E ratio of 256.00, a P/E/G ratio of 4.72 and a beta of 0.97.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 23.1% on a year-over-year basis.

In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total transaction of $310,680.00. Following the sale, the executive vice president now directly owns 22,964 shares in the company, valued at $3,963,586.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott D. Sheffield sold 5,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $172.38, for a total value of $861,900.00. Following the sale, the director now owns 576,066 shares in the company, valued at $99,302,257.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,916 shares of company stock worth $6,976,992. 0.89% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Pioneer Natural Resources by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 581,196 shares of the oil and gas development company’s stock worth $100,460,000 after acquiring an additional 15,074 shares during the last quarter. Sippican Capital Advisors raised its holdings in shares of Pioneer Natural Resources by 29.6% in the fourth quarter. Sippican Capital Advisors now owns 8,595 shares of the oil and gas development company’s stock worth $1,486,000 after acquiring an additional 1,961 shares during the last quarter. Sicart Associates LLC raised its holdings in shares of Pioneer Natural Resources by 15.0% in the fourth quarter. Sicart Associates LLC now owns 39,335 shares of the oil and gas development company’s stock worth $6,799,000 after acquiring an additional 5,145 shares during the last quarter. National Pension Service raised its holdings in shares of Pioneer Natural Resources by 8.9% in the fourth quarter. National Pension Service now owns 166,590 shares of the oil and gas development company’s stock worth $28,795,000 after acquiring an additional 13,617 shares during the last quarter. Finally, E&G Advisors LP raised its holdings in shares of Pioneer Natural Resources by 5.7% in the fourth quarter. E&G Advisors LP now owns 5,600 shares of the oil and gas development company’s stock worth $968,000 after acquiring an additional 300 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

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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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