Pioneer Natural Resources Company (NYSE:PXD) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Pioneer Natural Resources to post earnings of $0.31 per share for the quarter.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The business’s quarterly revenue was up 107.4% on a year-over-year basis. During the same period last year, the company posted ($0.22) EPS. On average, analysts expect Pioneer Natural Resources to post $1.22 EPS for the current fiscal year and $2.72 EPS for the next fiscal year.
Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 143.22 on Wednesday. Pioneer Natural Resources Company has a one year low of $125.46 and a one year high of $199.83. The firm’s 50-day moving average is $142.81 and its 200 day moving average is $155.02. The firm has a market capitalization of $24.36 billion, a P/E ratio of 144.52 and a beta of 0.94.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.11%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.
A number of brokerages have recently weighed in on PXD. Williams Capital set a $184.00 target price on Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley lowered their target price on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $190.00 to $160.00 in a research report on Wednesday, August 2nd. Mizuho reaffirmed a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Zacks Investment Research raised Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $194.08.
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In related news, Director Andrew F. Cates acquired 350 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $135.37 per share, with a total value of $47,379.50. Following the acquisition, the director now owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the sale, the vice president now directly owns 7,648 shares in the company, valued at approximately $997,987.52. The disclosure for this sale can be found here. Insiders have purchased a total of 1,200 shares of company stock worth $161,102 in the last three months. 0.89% of the stock is currently owned by insiders.
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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