Pioneer Natural Resources Co. (NYSE:PXD) – Analysts at Credit Agricole SA dropped their Q3 2016 earnings estimates for Pioneer Natural Resources in a report released on Wednesday. Credit Agricole SA analyst A. Sen now anticipates that the firm will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.44. Credit Agricole SA currently has a “Buy” rating on the stock. Credit Agricole SA also issued estimates for Pioneer Natural Resources’ FY2016 earnings at ($0.31) EPS, FY2017 earnings at $0.58 EPS and FY2018 earnings at $2.58 EPS.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.12. Pioneer Natural Resources had a negative return on equity of 1.79% and a negative net margin of 10.75%. The firm earned $786 million during the quarter, compared to the consensus estimate of $797.28 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year.

Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

Several other research firms have also issued reports on PXD. Mitsubishi UFJ Financial Group assumed coverage on Pioneer Natural Resources in a research note on Thursday, September 8th. They issued a “neutral” rating and a $200.00 price objective on the stock. Wunderlich upped their price objective on Pioneer Natural Resources from $182.00 to $207.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp upped their price objective on Pioneer Natural Resources from $190.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Mizuho started coverage on Pioneer Natural Resources in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $196.00 price objective on the stock. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $212.00 target price (up previously from $182.25) on shares of Pioneer Natural Resources in a research report on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $179.66.

Shares of Pioneer Natural Resources (NYSE:PXD) traded down 0.88% during trading on Friday, reaching $186.51. The company’s stock had a trading volume of 430,716 shares. The company’s market cap is $31.63 billion. The firm’s 50-day moving average is $182.35 and its 200 day moving average is $164.41. Pioneer Natural Resources has a 52-week low of $103.50 and a 52-week high of $193.39.

Institutional investors have recently bought and sold shares of the company. Ngam Advisors L.P. purchased a new position in Pioneer Natural Resources during the first quarter valued at approximately $1,452,000. Franklin Resources Inc. boosted its position in Pioneer Natural Resources by 8.1% in the first quarter. Franklin Resources Inc. now owns 432,560 shares of the oil and gas development company’s stock valued at $60,878,000 after buying an additional 32,467 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Pioneer Natural Resources during the first quarter valued at approximately $137,000. Palisade Capital Management LLC NJ purchased a new position in Pioneer Natural Resources during the first quarter valued at approximately $265,000. Finally, Bessemer Group Inc. purchased a new position in Pioneer Natural Resources during the first quarter valued at approximately $2,393,000. 93.62% of the stock is currently owned by hedge funds and other institutional investors.

In other Pioneer Natural Resources news, Director Frank A. Risch sold 500 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $185.08, for a total transaction of $92,540.00. Following the transaction, the director now owns 11,156 shares of the company’s stock, valued at approximately $2,064,752.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $171.53, for a total transaction of $343,060.00. Following the transaction, the executive vice president now directly owns 49,266 shares in the company, valued at approximately $8,450,596.98. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. Pioneer Natural Resources’s dividend payout ratio is currently -2.52%.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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