Pioneer Natural Resources Company (NYSE:PXD) – Analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research report issued on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas development company will post earnings of $0.24 per share for the quarter. Jefferies Group has a “Buy” rating and a $180.00 price objective 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 equities analysts also recently issued reports on PXD. BidaskClub downgraded shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada set a $233.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Pioneer Natural Resources in a report on Friday, July 7th. Finally, BMO Capital Markets lowered their target price on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $200.16.
Pioneer Natural Resources (NYSE PXD) opened at 146.24 on Thursday. The stock has a 50 day moving average of $139.76 and a 200 day moving average of $157.89. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a market capitalization of $24.87 billion, a price-to-earnings ratio of 147.57 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s revenue was up 107.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.22) earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Independence Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter valued at about $822,000. Murphy Capital Management Inc. increased its position in shares of Pioneer Natural Resources by 4.5% during 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 during the period. Summit Global Investments increased its position in shares of Pioneer Natural Resources by 83.4% during the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock valued at $1,465,000 after buying an additional 4,173 shares during the period. BlackRock Inc. increased its position in shares of Pioneer Natural Resources by 2,397.3% during the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at about $260,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.
In related news, Director J Kenneth Thompson purchased 750 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now directly owns 10,865 shares in the company, valued at approximately $1,449,391. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew F. Cates purchased 350 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price 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 of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,200 shares of company stock worth $161,102. Company insiders own 0.89% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is presently 8.16%.
Pioneer Natural Resources Company Profile
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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