Pioneer Natural Resources Co. (NYSE:PXD) – Research analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum expects that the brokerage will post earnings of ($0.15) per share for the quarter. KeyCorp has a “Overweight” rating and a $215.00 price target on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q2 2017 earnings at $0.02 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.42 EPS, Q1 2018 earnings at $0.87 EPS, Q2 2018 earnings at $1.06 EPS and Q3 2018 earnings at $1.35 EPS.

PXD has been the topic of several other reports. Mizuho initiated coverage on Pioneer Natural Resources in a research note on Wednesday, October 5th. They set a “neutral” rating and a $196.00 price objective on the stock. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $212.00 target price (up previously from $182.25) on shares of Pioneer Natural Resources in a research note on Wednesday, August 24th. Wunderlich upped their target price on Pioneer Natural Resources from $182.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, October 10th. KLR Group reaffirmed a “buy” rating and set a $238.00 target price (up previously from $218.00) on shares of Pioneer Natural Resources in a research note on Sunday, July 31st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $206.00 target price on shares of Pioneer Natural Resources in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $182.65.

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

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 185.51 on Thursday. The company’s 50-day moving average price is $181.89 and its 200 day moving average price is $170.64. Pioneer Natural Resources has a one year low of $103.50 and a one year high of $193.39. The company’s market cap is $31.48 billion.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted ($0.01) EPS. The company’s quarterly revenue was down 47.0% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PXD. Gateway Investment Advisers LLC raised its position in Pioneer Natural Resources by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 14,494 shares of the oil and gas development company’s stock worth $2,192,000 after buying an additional 44 shares during the period. Community Trust & Investment Co. acquired a new position in Pioneer Natural Resources during the second quarter worth $3,293,000. Gulf International Bank UK Ltd raised its position in Pioneer Natural Resources by 2.1% in the second quarter. Gulf International Bank UK Ltd now owns 49,353 shares of the oil and gas development company’s stock worth $7,462,000 after buying an additional 1,000 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Pioneer Natural Resources by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 140,306 shares of the oil and gas development company’s stock worth $21,216,000 after buying an additional 2,257 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its position in Pioneer Natural Resources by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 42,337 shares of the oil and gas development company’s stock worth $6,402,000 after buying an additional 2,585 shares during the period. 94.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Frank A. Risch sold 500 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $185.08, for a total value of $92,540.00. Following the transaction, the director now directly owns 11,156 shares of the company’s stock, valued at approximately $2,064,752.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the chief operating officer now directly owns 289,693 shares in the company, valued at $51,069,978.97. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

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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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