Pioneer Natural Resources Co. (NYSE:PXD) – Investment analysts at Jefferies Group boosted their Q2 2017 earnings per share (EPS) estimates for Pioneer Natural Resources in a report released on Thursday. Jefferies Group analyst J. Wolff now anticipates that the brokerage will post earnings per share of $0.43 for the quarter, up from their prior forecast of $0.33. Jefferies Group currently has a “Buy” rating and a $206.00 target price on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q3 2017 earnings at $0.75 EPS and Q4 2017 earnings at $1.12 EPS.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Pioneer Natural Resources had a negative return on equity of 1.49% and a negative net margin of 30.45%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned ($0.01) EPS. The company’s revenue for the quarter was down 47.0% on a year-over-year basis.

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

A number of other equities research analysts also recently commented on PXD. Citigroup Inc. increased their price objective on shares of Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Capital One Financial Corp. raised shares of Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 28th. Canaccord Genuity reissued a “buy” rating on shares of Pioneer Natural Resources in a research report on Friday, July 29th. KLR Group reissued a “buy” rating and issued a $238.00 price objective (up from $218.00) on shares of Pioneer Natural Resources in a research report on Sunday, July 31st. Finally, JPMorgan Chase & Co. set a $190.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Pioneer Natural Resources has an average rating of “Buy” and an average price target of $182.65.

Pioneer Natural Resources (NYSE:PXD) opened at 178.19 on Friday. The stock’s market cap is $30.24 billion. Pioneer Natural Resources has a one year low of $103.50 and a one year high of $193.39. The company’s 50 day moving average is $182.13 and its 200 day moving average is $169.66.

In other Pioneer Natural Resources news, COO Timothy L. Dove sold 57,363 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the sale, the chief operating officer now directly owns 289,693 shares of the company’s stock, valued at approximately $51,069,978.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank A. Risch sold 500 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $185.08, for a total transaction of $92,540.00. Following the sale, the director now directly owns 11,156 shares in the company, valued at $2,064,752.48. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Pioneer Natural Resources by 1.7% in the second quarter. Vanguard Group Inc. now owns 10,623,670 shares of the oil and gas development company’s stock valued at $1,606,405,000 after buying an additional 179,902 shares in the last quarter. State Street Corp boosted its stake in Pioneer Natural Resources by 1.2% in the second quarter. State Street Corp now owns 9,838,805 shares of the oil and gas development company’s stock valued at $1,487,727,000 after buying an additional 121,182 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Pioneer Natural Resources by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 9,158,677 shares of the oil and gas development company’s stock valued at $1,700,759,000 after buying an additional 166,270 shares in the last quarter. Capital Research Global Investors boosted its stake in Pioneer Natural Resources by 41.6% in the third quarter. Capital Research Global Investors now owns 7,367,002 shares of the oil and gas development company’s stock valued at $1,367,684,000 after buying an additional 2,165,002 shares in the last quarter. Finally, FMR LLC boosted its stake in Pioneer Natural Resources by 24.7% in the second quarter. FMR LLC now owns 5,712,022 shares of the oil and gas development company’s stock valued at $863,716,000 after buying an additional 1,129,791 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors.

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.

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