Brokers Issue Forecasts for Pioneer Natural Resources Company’s Q3 2017 Earnings (PXD)
Pioneer Natural Resources Company (NYSE:PXD) – Analysts at Imperial Capital issued their Q3 2017 earnings per share estimates for shares of Pioneer Natural Resources in a research note issued on Tuesday. Imperial Capital analyst I. Haas anticipates that the oil and gas development company will earn $0.25 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $160.00 target price on the stock. Imperial Capital also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.31 EPS and FY2017 earnings at $1.03 EPS.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company’s quarterly revenue was up 107.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share.
A number of other analysts have also recently weighed in on the stock. Williams Capital set a $200.00 price objective on shares of Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Thursday, May 4th. Credit Suisse Group restated a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Piper Jaffray Companies restated an “overweight” rating and issued a $246.00 price objective (up from $225.00) on shares of Pioneer Natural Resources in a research note on Thursday, May 11th. BidaskClub cut shares of Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, BMO Capital Markets reduced their price objective on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $208.00.
Pioneer Natural Resources (PXD) opened at 129.20 on Friday. Pioneer Natural Resources has a 1-year low of $127.44 and a 1-year high of $199.83. The firm has a 50 day moving average of $147.17 and a 200 day moving average of $169.06. The firm has a market cap of $21.98 billion, a P/E ratio of 130.37 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio is presently 8.16%.
In other news, Director J Kenneth Thompson bought 750 shares of Pioneer Natural Resources stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the purchase, the director now owns 10,865 shares of the company’s stock, valued at $1,449,391. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew F. Cates bought 350 shares of Pioneer Natural Resources stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $135.37 per share, for a total transaction of $47,379.50. Following the purchase, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock worth $161,102 in the last 90 days. 0.92% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of PXD. GWM Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter valued at approximately $100,000. Coconut Grove Bank increased its stake in shares of Pioneer Natural Resources by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after buying an additional 67 shares in the last quarter. Winch Advisory Services LLC purchased a new stake in shares of Pioneer Natural Resources during the first quarter valued at approximately $112,000. Finally, BDO Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter valued at approximately $120,000. Institutional investors own 92.85% of the company’s stock.
About Pioneer Natural Resources
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
Receive News & Stock Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related stocks with our FREE daily email newsletter.