Wall Street brokerages forecast that Pioneer Natural Resources (NYSE:PXD) will report earnings per share of $1.84 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Pioneer Natural Resources’ earnings. The lowest EPS estimate is $1.15 and the highest is $2.66. Pioneer Natural Resources reported earnings of $0.48 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 283.3%. The business is expected to issue its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Pioneer Natural Resources will report full year earnings of $6.97 per share for the current fiscal year, with EPS estimates ranging from $5.51 to $7.87. For the next financial year, analysts anticipate that the firm will report earnings of $11.05 per share, with EPS estimates ranging from $8.50 to $13.80. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pioneer Natural Resources.

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

A number of analysts recently commented on the stock. Williams Capital reissued a “hold” rating and set a $225.00 price objective on shares of Pioneer Natural Resources in a report on Tuesday, August 21st. Royal Bank of Canada reissued a “buy” rating and set a $245.00 price objective on shares of Pioneer Natural Resources in a report on Friday, July 13th. Robert W. Baird set a $225.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, July 27th. Mizuho assumed coverage on shares of Pioneer Natural Resources in a report on Monday, July 23rd. They set a “buy” rating and a $259.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a report on Monday, July 23rd. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $232.57.

Shares of Pioneer Natural Resources stock opened at $174.74 on Tuesday. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $213.40. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The stock has a market cap of $29.95 billion, a PE ratio of 80.90, a PEG ratio of 1.86 and a beta of 0.88.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.37%. This is an increase from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio is 14.81%.

Several hedge funds and other institutional investors have recently made changes to their positions in PXD. HWG Holdings LP purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $1,298,000. Energy Opportunities Capital Management LLC lifted its stake in shares of Pioneer Natural Resources by 23.4% during the second quarter. Energy Opportunities Capital Management LLC now owns 23,963 shares of the oil and gas development company’s stock valued at $4,535,000 after buying an additional 4,550 shares during the period. M Holdings Securities Inc. purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $287,000. Morse Asset Management Inc lifted its stake in shares of Pioneer Natural Resources by 259.3% during the second quarter. Morse Asset Management Inc now owns 7,690 shares of the oil and gas development company’s stock valued at $1,455,000 after buying an additional 5,550 shares during the period. Finally, Argent Trust Co purchased a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $409,000. 88.81% of the stock is currently owned by institutional investors.

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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