Pioneer Natural Resources to Post FY2017 Earnings of $1.38 Per Share, KeyCorp Forecasts (PXD)
Pioneer Natural Resources (NYSE:PXD) – Investment analysts at KeyCorp raised their FY2017 EPS estimates for Pioneer Natural Resources in a research note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas development company will earn $1.38 per share for the year, up from their prior estimate of $1.12. KeyCorp has a “Buy” rating and a $180.00 price target on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.44 EPS and FY2018 earnings at $2.17 EPS.
A number of other research firms have also weighed in on PXD. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Royal Bank Of Canada set a $201.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Sunday, October 15th. Piper Jaffray Companies decreased their price target on Pioneer Natural Resources from $229.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $180.00 price target on shares of Pioneer Natural Resources in a research note on Friday, November 3rd. Finally, Sanford C. Bernstein upped their price target on Pioneer Natural Resources from $173.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $193.62.
Pioneer Natural Resources (NYSE:PXD) opened at $161.67 on Monday. The firm has a market capitalization of $27,360.00, a price-to-earnings ratio of 105.10, a price-to-earnings-growth ratio of 11.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a negative return on equity of 0.87% and a negative net margin of 1.46%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.10%. Pioneer Natural Resources’s dividend payout ratio is currently 10.96%.
In other news, VP Teresa A. Fairbrook sold 880 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew F. Cates acquired 350 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Corporate insiders own 0.89% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PXD. Capital World Investors boosted its position in shares of Pioneer Natural Resources by 45.4% during the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after acquiring an additional 2,500,000 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Pioneer Natural Resources by 706.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,006,435 shares of the oil and gas development company’s stock worth $319,475,000 after acquiring an additional 1,757,576 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Pioneer Natural Resources by 68,788.6% during the 1st quarter. Clearbridge Investments LLC now owns 895,552 shares of the oil and gas development company’s stock worth $166,779,000 after acquiring an additional 894,252 shares in the last quarter. Boston Partners boosted its position in shares of Pioneer Natural Resources by 48.5% in the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after purchasing an additional 716,266 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Pioneer Natural Resources by 1,138.7% in the 2nd quarter. Janus Henderson Group PLC now owns 577,107 shares of the oil and gas development company’s stock valued at $92,095,000 after purchasing an additional 530,517 shares during the period. 91.91% of the stock is owned by institutional investors and hedge funds.
Pioneer Natural Resources Company Profile
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.
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