Pioneer Natural Resources Company (NYSE:PXD) – Stock analysts at Imperial Capital issued their Q1 2018 EPS estimates for Pioneer Natural Resources in a research note issued to investors on Tuesday. Imperial Capital analyst I. Haas anticipates that the oil and gas development company will post earnings of $0.41 per share for the quarter. Imperial Capital has a “Outperform” rating and a $160.00 price target on the stock. Imperial Capital also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $2.35 EPS.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm’s quarterly revenue was up 107.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.22) EPS.
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A number of other equities research analysts have also recently commented on the company. Williams Capital set a $200.00 target price on Pioneer Natural Resources and gave the company a “hold” rating in a research report on Thursday, May 4th. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. Piper Jaffray Companies restated an “overweight” rating and set a $246.00 target price (up from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. BidaskClub cut Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, BMO Capital Markets dropped their target price on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $208.00.
Shares of Pioneer Natural Resources (PXD) opened at 128.41 on Thursday. Pioneer Natural Resources has a one year low of $127.44 and a one year high of $199.83. The company’s 50-day moving average price is $147.94 and its 200-day moving average price is $169.43. The stock has a market cap of $21.84 billion, a PE ratio of 129.58 and a beta of 0.91.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.12%. Pioneer Natural Resources’s payout ratio is presently 8.16%.
In other news, Director Andrew F. Cates purchased 350 shares of Pioneer Natural Resources stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now owns 14,556 shares in the company, valued at $1,970,445.72. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director J Kenneth Thompson purchased 750 shares of Pioneer Natural Resources 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 transaction, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,200 shares of company stock worth $161,102. Corporate insiders own 0.92% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc raised its stake in Pioneer Natural Resources by 0.4% in the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after buying an additional 7 shares during the last quarter. Hodges Capital Management Inc. raised its stake in Pioneer Natural Resources by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock valued at $467,000 after buying an additional 10 shares during the last quarter. Level Four Advisory Services LLC raised its stake in Pioneer Natural Resources by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock valued at $518,000 after buying an additional 13 shares during the last quarter. Atlantic Trust LLC raised its stake in Pioneer Natural Resources by 1.0% in the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock valued at $364,000 after buying an additional 20 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its stake in Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.
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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