Equities analysts predict that Pioneer Natural Resources (NYSE:PXD) will announce earnings per share (EPS) of $1.27 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pioneer Natural Resources’ earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $1.80. Pioneer Natural Resources reported earnings per share of $0.25 in the same quarter last year, which would indicate a positive year over year growth rate of 408%. The business is expected to report its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Pioneer Natural Resources will report full-year earnings of $5.69 per share for the current year, with EPS estimates ranging from $3.31 to $8.76. For the next fiscal year, analysts anticipate that the company will report earnings of $8.34 per share, with EPS estimates ranging from $6.50 to $12.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.63. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The firm’s revenue was up 48.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share.
In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $154.47, for a total value of $308,940.00. Following the completion of the sale, the executive vice president now directly owns 48,719 shares in the company, valued at $7,525,623.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry R. Grillot sold 200 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $159.35, for a total transaction of $31,870.00. Following the completion of the sale, the director now owns 7,097 shares of the company’s stock, valued at $1,130,906.95. The disclosure for this sale can be found here. Insiders sold 27,306 shares of company stock valued at $4,506,785 over the last 90 days. 0.89% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Pioneer Natural Resources by 11.4% in the fourth quarter. BlackRock Inc. now owns 13,552,443 shares of the oil and gas development company’s stock worth $2,342,540,000 after buying an additional 1,389,479 shares during the period. Clearbridge Investments LLC lifted its holdings in Pioneer Natural Resources by 7.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,883,327 shares of the oil and gas development company’s stock worth $498,383,000 after buying an additional 195,828 shares during the period. Bank of New York Mellon Corp lifted its holdings in Pioneer Natural Resources by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,683,875 shares of the oil and gas development company’s stock worth $463,908,000 after buying an additional 329,971 shares during the period. American Century Companies Inc. lifted its holdings in Pioneer Natural Resources by 20.2% in the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock worth $337,410,000 after buying an additional 384,485 shares during the period. Finally, Boston Partners lifted its holdings in Pioneer Natural Resources by 51.2% in the fourth quarter. Boston Partners now owns 2,262,356 shares of the oil and gas development company’s stock worth $391,048,000 after buying an additional 766,124 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
Pioneer Natural Resources (PXD) opened at $178.79 on Tuesday. The company has a market capitalization of $30,420.00, a price-to-earnings ratio of 36.49, a P/E/G ratio of 2.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.31. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $196.91.
Pioneer Natural Resources announced that its board has authorized a share buyback program on Tuesday, February 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas development company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
The company also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.16 per share. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio is currently 1.63%.
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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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