Pioneer Natural Resources Co. (NYSE:PXD) – Equities researchers at Williams Capital lifted their Q4 2016 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Monday. Williams Capital analyst G. Sorbara now expects that the firm will earn $0.40 per share for the quarter, up from their prior forecast of $0.36. Williams Capital has a “Buy” rating and a $217.00 price objective on the stock.

PXD has been the subject of a number of other reports. TheStreet raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Mitsubishi UFJ Financial Group initiated coverage on Pioneer Natural Resources in a report on Thursday, September 8th. They issued a “neutral” rating and a $200.00 price target for the company. Citigroup Inc. lifted their price objective on Pioneer Natural Resources from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Sanford C. Bernstein initiated coverage on Pioneer Natural Resources in a research report on Wednesday, August 17th. They issued an “outperform” rating and a $210.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $182.65.

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

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 178.73 on Tuesday. The stock has a 50 day moving average of $182.13 and a 200-day moving average of $169.66. The stock’s market capitalization is $30.33 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 Tuesday, November 1st. The oil and gas development company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Pioneer Natural Resources had a negative net margin of 30.45% and a negative return on equity of 1.49%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted ($0.01) earnings per share. Pioneer Natural Resources’s quarterly revenue was down 47.0% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in PXD. Ameritas Investment Partners Inc. increased its stake in shares of Pioneer Natural Resources by 25.4% in the third quarter. Ameritas Investment Partners Inc. now owns 4,054 shares of the oil and gas development company’s stock valued at $753,000 after buying an additional 821 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Pioneer Natural Resources by 61.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 12,810 shares of the oil and gas development company’s stock valued at $2,378,000 after buying an additional 4,860 shares in the last quarter. Eaton Vance Management increased its position in Pioneer Natural Resources by 28.9% in the third quarter. Eaton Vance Management now owns 357,081 shares of the oil and gas development company’s stock valued at $66,292,000 after buying an additional 80,034 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in Pioneer Natural Resources during the third quarter valued at approximately $423,000. Finally, Dai Ichi Life Holdings Inc. increased its position in Pioneer Natural Resources by 10.0% in the third quarter. Dai Ichi Life Holdings Inc. now owns 32,621 shares of the oil and gas development company’s stock valued at $6,056,000 after buying an additional 2,956 shares in the last quarter. Institutional investors and hedge funds own 95.24% of the company’s stock.

In related news, EVP Jerome D. Hall, Jr. sold 1,000 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $183.24, for a total transaction of $183,240.00. Following the completion of the sale, the executive vice president now directly owns 21,994 shares in the company, valued at approximately $4,030,180.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank A. Risch sold 500 shares of the company’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $185.08, for a total value of $92,540.00. Following the sale, the director now owns 11,156 shares of the company’s stock, valued at $2,064,752.48. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

About Pioneer Natural Resources

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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