Pioneer Natural Resources Company (NYSE:PXD) - Equities researchers at Imperial Capital issued their Q3 2017 EPS estimates for Pioneer Natural Resources in a note issued to investors on Tuesday. Imperial Capital analyst I. Haas forecasts that the oil and gas development company will post earnings per share of $0.25 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’ Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $1.03 EPS.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.10. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm’s quarterly revenue was up 107.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.22) EPS.
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A number of other analysts have also issued reports on PXD. Williams Capital set a $200.00 price target on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research report on Thursday, May 4th. Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, May 5th. Piper Jaffray Companies reissued an “overweight” rating and issued a $246.00 price target (up from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. BidaskClub lowered shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, BMO Capital Markets reduced their price target on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $208.00.
Pioneer Natural Resources (PXD) opened at 129.20 on Friday. The company’s 50 day moving average is $147.17 and its 200-day moving average is $169.06. Pioneer Natural Resources has a 52-week low of $127.44 and a 52-week high of $199.83. The stock has a market cap of $21.98 billion, a PE ratio of 130.37 and a beta of 0.91.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.
In related news, Director J Kenneth Thompson purchased 750 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the director now directly owns 10,865 shares in the company, valued at approximately $1,449,391. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the acquisition, the director now owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,200 shares of company stock worth $161,102. Corporate insiders own 0.92% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PXD. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter valued at about $100,000. Coconut Grove Bank increased its stake in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares during the last quarter. Winch Advisory Services LLC bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at about $112,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the second quarter valued at about $120,000. Institutional investors own 92.85% of the company’s stock.
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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