Pioneer Natural Resources (NYSE:PXD) – KeyCorp lowered their FY2018 earnings per share (EPS) estimates for Pioneer Natural Resources in a research report issued on Wednesday, August 8th. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas development company will post earnings of $7.66 per share for the year, down from their previous forecast of $8.04. KeyCorp has a “Buy” rating and a $230.00 price objective on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2018 earnings at $2.61 EPS, Q1 2019 earnings at $3.02 EPS, Q2 2019 earnings at $3.13 EPS, Q3 2019 earnings at $3.13 EPS, Q4 2019 earnings at $3.40 EPS and FY2019 earnings at $12.68 EPS.

PXD has been the topic of a number of other research reports. Williams Capital restated a “hold” rating and issued a $226.00 price objective on shares of Pioneer Natural Resources in a report on Wednesday, August 8th. Imperial Capital dropped their price objective on Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. Citigroup dropped their price objective on Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a report on Monday. Zacks Investment Research downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, Robert W. Baird set a $225.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $230.11.

Shares of PXD opened at $183.12 on Monday. The stock has a market capitalization of $31.72 billion, a PE ratio of 84.78, a price-to-earnings-growth ratio of 1.91 and a beta of 0.88. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $213.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.09.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%.

In other Pioneer Natural Resources news, Director Larry R. Grillot sold 200 shares of the stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $191.13, for a total transaction of $38,226.00. Following the transaction, the director now owns 8,061 shares in the company, valued at $1,540,698.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Frank E. Hopkins sold 893 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $206.61, for a total value of $184,502.73. Following the transaction, the senior vice president now owns 36,531 shares in the company, valued at approximately $7,547,669.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,296 shares of company stock worth $3,652,624. Corporate insiders own 0.92% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PXD. FMR LLC grew its holdings in Pioneer Natural Resources by 27.9% during the second quarter. FMR LLC now owns 6,431,051 shares of the oil and gas development company’s stock valued at $1,217,012,000 after purchasing an additional 1,401,626 shares during the last quarter. BlackRock Inc. boosted its position in shares of Pioneer Natural Resources by 9.1% in the second quarter. BlackRock Inc. now owns 12,425,606 shares of the oil and gas development company’s stock valued at $2,351,423,000 after acquiring an additional 1,032,381 shares during the period. Bessemer Group Inc. boosted its position in shares of Pioneer Natural Resources by 892.8% in the second quarter. Bessemer Group Inc. now owns 844,901 shares of the oil and gas development company’s stock valued at $159,889,000 after acquiring an additional 759,801 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Pioneer Natural Resources by 209.4% in the first quarter. Point72 Asset Management L.P. now owns 850,008 shares of the oil and gas development company’s stock valued at $146,014,000 after acquiring an additional 575,314 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Pioneer Natural Resources by 135.8% in the first quarter. Prudential Financial Inc. now owns 594,792 shares of the oil and gas development company’s stock valued at $102,174,000 after acquiring an additional 342,555 shares during the period. Institutional investors own 87.84% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

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