Media coverage about Pioneer Natural Resources (NYSE:PXD) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Natural Resources earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the oil and gas development company an impact score of 46.0900187369152 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Pioneer Natural Resources: Still Priced For Perfection? (seekingalpha.com)
- Rowan Divests Cold-Stacked Rig Rowan Gorilla 1V to ADES (finance.yahoo.com)
- Pioneer Natural Resources (PXD) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Zacks: Analysts Anticipate Pioneer Natural Resources (PXD) Will Announce Quarterly Sales of $1.80 Billion (americanbankingnews.com)
- This Revolutionary Technology Could Deliver $22 Oil… In A $70 World (finance.yahoo.com)
PXD has been the subject of several research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $207.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine downgraded Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, January 3rd. National Alliance Securities upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus set a $260.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $211.40.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was up 48.4% on a year-over-year basis. sell-side analysts predict that Pioneer Natural Resources will post 6.2 earnings per share for the current year.
Pioneer Natural Resources announced that its board has approved a stock repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, March 28th. This represents a yield of 0.18%. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 1.65%.
In related news, SVP Mark H. Kleinman sold 1,150 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $180.17, for a total transaction of $207,195.50. Following the completion of the sale, the senior vice president now owns 13,327 shares of the company’s stock, valued at $2,401,125.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Stephen Berg sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $157.85, for a total value of $315,700.00. Following the sale, the executive vice president now directly owns 46,719 shares of the company’s stock, valued at approximately $7,374,594.15. The disclosure for this sale can be found here. Insiders have sold 29,218 shares of company stock valued at $4,961,235 in the last ninety days. 0.89% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: This article was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3258215/pioneer-natural-resources-pxd-getting-somewhat-favorable-media-coverage-report-finds.html.
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.
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.