Pioneer Natural Resources Company (NYSE:PXD) – Equities research analysts at US Capital Advisors reduced their Q3 2017 earnings per share estimates for shares of Pioneer Natural Resources in a research report issued on Tuesday, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas development company will post earnings per share of $0.25 for the quarter, down from their prior estimate of $0.35. US Capital Advisors also issued estimates for Pioneer Natural Resources’ FY2017 earnings at $1.24 EPS.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This story was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://stocknewstimes.com/2017/11/11/pioneer-natural-resources-company-pxd-expected-to-earn-q3-2017-earnings-of-0-25-per-share.html.
A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $180.00 target price on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Mizuho reiterated a “buy” rating and issued a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, November 3rd. Sanford C. Bernstein upped their target price on Pioneer Natural Resources from $173.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Finally, Jefferies Group LLC upped their target price on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $194.07.
Shares of Pioneer Natural Resources (NYSE PXD) traded down $2.21 during mid-day trading on Thursday, hitting $158.93. The stock had a trading volume of 1,394,500 shares, compared to its average volume of 1,894,526. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The stock has a market capitalization of $27,420.44, a price-to-earnings ratio of 112.68, a price-to-earnings-growth ratio of 11.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of PXD. BlackRock Inc. raised its stake in Pioneer Natural Resources by 2,397.3% in the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after purchasing an additional 10,921,279 shares during the last quarter. Capital World Investors grew its holdings in Pioneer Natural Resources by 45.4% in the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock valued at $1,277,438,000 after buying an additional 2,500,000 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Pioneer Natural Resources by 706.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock valued at $319,475,000 after buying an additional 1,757,576 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Pioneer Natural Resources by 68,788.6% in the 1st quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock valued at $166,779,000 after buying an additional 894,252 shares in the last quarter. Finally, Boston Partners grew its holdings in Pioneer Natural Resources by 48.5% in the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares in the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J Kenneth Thompson acquired 750 shares of Pioneer Natural Resources stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $133.40 per share, with a total value of $100,050.00. Following the completion of the purchase, 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. 0.89% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.10%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is currently 11.11%.
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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