Pioneer Natural Resources (NYSE:PXD) – Equities researchers at Capital One Financial lowered their Q3 2018 earnings estimates for shares of Pioneer Natural Resources in a report issued on Wednesday, August 8th. Capital One Financial analyst P. Johnston now anticipates that the oil and gas development company will post earnings per share of $1.90 for the quarter, down from their previous estimate of $1.93. Capital One Financial also issued estimates for Pioneer Natural Resources’ Q4 2018 earnings at $1.98 EPS, FY2018 earnings at $6.95 EPS and FY2019 earnings at $10.16 EPS.

Several other analysts also recently commented on PXD. Williams Capital reaffirmed a “hold” rating and set a $226.00 price objective on shares of Pioneer Natural Resources in a research note on Wednesday, August 8th. Imperial Capital reduced their price objective on Pioneer Natural Resources from $232.00 to $222.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. Citigroup reduced their price objective on Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating for the company in a research note on Monday. Zacks Investment Research downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, Robert W. Baird set a $225.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $230.11.

PXD opened at $183.12 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $31.72 billion, a price-to-earnings ratio of 85.85, a P/E/G ratio of 1.91 and a beta of 0.88. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings data on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.08). The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp grew its holdings in shares of Pioneer Natural Resources by 1.8% in the 2nd quarter. King Luther Capital Management Corp now owns 241,920 shares of the oil and gas development company’s stock worth $45,781,000 after acquiring an additional 4,283 shares during the period. BB&T Securities LLC grew its holdings in shares of Pioneer Natural Resources by 7.6% in the 2nd quarter. BB&T Securities LLC now owns 5,763 shares of the oil and gas development company’s stock worth $1,090,000 after acquiring an additional 408 shares during the period. Laurion Capital Management LP acquired a new stake in shares of Pioneer Natural Resources in the 2nd quarter worth approximately $473,000. Glen Harbor Capital Management LLC grew its holdings in shares of Pioneer Natural Resources by 45.9% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,306 shares of the oil and gas development company’s stock worth $1,761,000 after acquiring an additional 2,926 shares during the period. Finally, Rampart Investment Management Company LLC grew its holdings in shares of Pioneer Natural Resources by 218.6% in the 2nd quarter. Rampart Investment Management Company LLC now owns 11,441 shares of the oil and gas development company’s stock worth $2,165,000 after acquiring an additional 7,850 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

In related news, Director Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $212.63, for a total value of $2,126,300.00. Following the sale, the director now owns 566,894 shares in the company, valued at approximately $120,538,671.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Frank E. Hopkins sold 893 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $206.61, for a total value of $184,502.73. Following the completion of the sale, 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. Insiders have sold a total of 17,296 shares of company stock worth $3,652,624 in the last quarter. 0.92% of the stock is currently owned by insiders.

About Pioneer Natural Resources

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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