Pioneer Natural Resources Co. (NYSE:PXD) – Stock analysts at Jefferies Group boosted their FY2016 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research report issued on Thursday. Jefferies Group analyst J. Wolff now forecasts that the brokerage will post earnings of ($0.23) per share for the year, up from their previous forecast of ($0.31). Jefferies Group currently has a “Buy” rating and a $206.00 price target on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q4 2016 earnings at $0.48 EPS, Q1 2017 earnings at $0.13 EPS and FY2017 earnings at $2.44 EPS.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 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 company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted ($0.01) earnings per share. The company’s revenue was down 47.0% compared to the same quarter last year.

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

A number of other research analysts also recently issued reports on the company. Citigroup Inc. lifted their price target on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Capital One Financial Corp. upgraded Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a report on Thursday, July 28th. Canaccord Genuity reiterated a “buy” rating on shares of Pioneer Natural Resources in a report on Friday, July 29th. KLR Group reiterated a “buy” rating and issued a $238.00 price target (up from $218.00) on shares of Pioneer Natural Resources in a report on Sunday, July 31st. Finally, JPMorgan Chase & Co. set a $190.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Monday, August 1st. 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 issued a strong buy rating to the company’s stock. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $182.65.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 178.19 on Monday. The firm has a 50-day moving average price of $182.13 and a 200 day moving average price of $169.66. Pioneer Natural Resources has a 12-month low of $103.50 and a 12-month high of $193.39. The company’s market capitalization is $30.24 billion.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXD. MSI Financial Services Inc boosted its position in Pioneer Natural Resources by 0.4% in the third quarter. MSI Financial Services Inc now owns 1,173 shares of the oil and gas development company’s stock worth $218,000 after buying an additional 5 shares during the period. Hartline Investment Corp boosted its stake in shares of Pioneer Natural Resources by 0.3% in the third quarter. Hartline Investment Corp now owns 4,045 shares of the oil and gas development company’s stock valued at $751,000 after buying an additional 12 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of 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 valued at $155,000 after buying an additional 22 shares during the last quarter. Dana Investment Advisors Inc. boosted its stake in shares of Pioneer Natural Resources by 0.3% in the third quarter. Dana Investment Advisors Inc. now owns 7,875 shares of the oil and gas development company’s stock valued at $1,462,000 after buying an additional 23 shares during the last quarter. Finally, Private Bank & Trust Co. boosted its stake in shares of Pioneer Natural Resources by 2.1% in the second quarter. Private Bank & Trust Co. now owns 1,669 shares of the oil and gas development company’s stock valued at $252,000 after buying an additional 34 shares during the last quarter. Institutional investors own 95.24% of the company’s stock.

In other Pioneer Natural Resources news, COO Timothy L. Dove sold 57,363 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $176.29, for a total transaction of $10,112,523.27. Following the transaction, the chief operating officer now directly owns 289,693 shares in the company, valued at $51,069,978.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now 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.

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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