Wall Street brokerages expect Pioneer Natural Resources (NYSE:PXD) to report $2.21 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Pioneer Natural Resources’ earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $2.94. Pioneer Natural Resources reported earnings of $2.07 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The firm is expected to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Pioneer Natural Resources will report full year earnings of $8.40 per share for the current fiscal year, with EPS estimates ranging from $6.68 to $10.21. For the next year, analysts expect that the firm will post earnings of $10.65 per share, with EPS estimates ranging from $7.97 to $22.12. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.32 billion. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share.
A number of equities research analysts have recently weighed in on the stock. SunTrust Banks dropped their price objective on shares of Pioneer Natural Resources to $130.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Imperial Capital dropped their price objective on shares of Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Co boosted their price objective on shares of Pioneer Natural Resources from $182.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Morgan Stanley dropped their price objective on shares of Pioneer Natural Resources from $180.00 to $176.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $196.01.
Shares of PXD traded up $2.61 during trading hours on Wednesday, reaching $127.22. 442,227 shares of the company traded hands, compared to its average volume of 1,867,136. The stock has a market capitalization of $20.56 billion, a P/E ratio of 20.16, a P/E/G ratio of 0.69 and a beta of 1.08. 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 has a 12-month low of $114.79 and a 12-month high of $189.78. The business has a fifty day moving average price of $136.95 and a 200-day moving average price of $145.64.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 26th. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.16. This represents a $1.76 dividend on an annualized basis and a yield of 1.38%. Pioneer Natural Resources’s payout ratio is currently 10.14%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Motco raised its position in shares of Pioneer Natural Resources by 2,542.9% in the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after acquiring an additional 178 shares during the period. Global Retirement Partners LLC raised its position in shares of Pioneer Natural Resources by 224.6% in the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 137 shares during the period. Berman Capital Advisors LLC raised its position in shares of Pioneer Natural Resources by 64.9% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 87 shares during the period. Brand Asset Management Group Inc. raised its position in shares of Pioneer Natural Resources by 41.2% in the first quarter. Brand Asset Management Group Inc. now owns 497 shares of the oil and gas development company’s stock worth $47,000 after acquiring an additional 145 shares during the period. Finally, HM Payson & Co. acquired a new position in shares of Pioneer Natural Resources in the second quarter worth about $53,000. Institutional investors own 85.80% of the company’s stock.
Pioneer Natural Resources Company Profile
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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