Pioneer Natural Resources (NYSE:PXD) declared a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.44 per share by the oil and gas development company on Tuesday, January 14th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%.
Shares of PXD opened at $135.86 on Wednesday. The company’s fifty day moving average is $128.70 and its 200-day moving average is $138.97. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 0.93 and a beta of 1.14. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $2.07 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, research analysts predict that Pioneer Natural Resources will post 8.1 earnings per share for the current fiscal year.
PXD has been the topic of several analyst reports. Citigroup restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Tuesday, October 8th. Raymond James dropped their price target on shares of Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley decreased their price objective on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 4th. TheStreet downgraded shares of Pioneer Natural Resources from a “b-” rating to a “c+” rating in a report on Tuesday, July 23rd. Finally, ValuEngine downgraded shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average price target of $186.97.
About Pioneer Natural Resources
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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