Pioneer Natural Resources Co. (NYSE:PXD) – Research analysts at Williams Capital reduced their Q3 2016 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a report released on Monday. Williams Capital analyst G. Sorbara now forecasts that the brokerage will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.17. Williams Capital currently has a “Buy” rating and a $217.00 target price on the stock. Williams Capital also issued estimates for Pioneer Natural Resources’ FY2017 earnings at $1.22 EPS and FY2018 earnings at $5.52 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Wunderlich boosted their target price on shares of Pioneer Natural Resources from $182.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Mizuho began coverage on shares of Pioneer Natural Resources in a research report on Wednesday, October 5th. They issued a “neutral” rating and a $196.00 target price for the company. Mitsubishi UFJ Financial Group began coverage on shares of Pioneer Natural Resources in a research report on Thursday, September 8th. They issued a “neutral” rating and a $200.00 target price for the company. Barclays PLC boosted their target price on shares of Pioneer Natural Resources from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, September 1st. Finally, Credit Suisse Group AG reissued 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 investment analysts have rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $179.66.

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

Shares of Pioneer Natural Resources (NYSE:PXD) traded down 0.11% during midday trading on Tuesday, hitting $184.08. 435,703 shares of the stock traded hands. The firm’s 50-day moving average is $182.65 and its 200 day moving average is $165.43. The company’s market capitalization is $31.22 billion. Pioneer Natural Resources has a 52 week low of $103.50 and a 52 week high of $193.39.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, September 30th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently -2.52%.

In related news, COO Timothy L. Dove sold 57,363 shares of Pioneer Natural Resources stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total value of $10,112,523.27. Following the completion of the sale, the chief operating officer now owns 289,693 shares of the company’s stock, valued at approximately $51,069,978.97. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Larry R. Grillot sold 500 shares of Pioneer Natural Resources stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $164.72, for a total value of $82,360.00. Following the completion of the sale, the director now directly owns 6,026 shares of the company’s stock, valued at approximately $992,602.72. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Hudock Capital Group LLC raised its position in Pioneer Natural Resources by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 125 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in Pioneer Natural Resources during the first quarter worth $137,000. Park Avenue Institutional Advisers LLC raised its position in Pioneer Natural Resources by 4.3% in the first quarter. Park Avenue Institutional Advisers LLC now owns 1,017 shares of the oil and gas development company’s stock worth $143,000 after buying an additional 42 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Pioneer Natural Resources by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock worth $155,000 after buying an additional 22 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of Pioneer Natural Resources by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 900 shares during the period. 93.53% of the stock is owned by institutional investors.

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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