Equities research analysts forecast that Pioneer Natural Resources (NYSE:PXD) will report $2.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Pioneer Natural Resources’ earnings. The highest EPS estimate is $3.46 and the lowest is $1.65. Pioneer Natural Resources posted earnings per share of $1.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 83.9%. The business is expected to announce its next earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Pioneer Natural Resources will report full-year earnings of $8.04 per share for the current year, with EPS estimates ranging from $7.49 to $9.30. For the next year, analysts expect that the company will post earnings of $8.79 per share, with EPS estimates ranging from $6.79 to $11.93. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Pioneer Natural Resources.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Monday, November 4th. The oil and gas development company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS.

PXD has been the topic of several analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $190.00 target price on shares of Pioneer Natural Resources in a report on Sunday, August 11th. Morgan Stanley lowered their price target on shares of Pioneer Natural Resources from $176.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, October 4th. Citigroup restated a “buy” rating and issued a $175.00 price target (up previously from $173.00) on shares of Pioneer Natural Resources in a research report on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of Pioneer Natural Resources from $142.00 to $157.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Barclays decreased their price objective on shares of Pioneer Natural Resources from $223.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.65.

In other news, CAO Margaret Montemayor sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $133.90, for a total transaction of $160,680.00. Also, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $133.90, for a total value of $267,800.00. Over the last ninety days, insiders sold 8,819 shares of company stock valued at $1,217,107. Insiders own 0.91% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PXD. Price T Rowe Associates Inc. MD raised its stake in shares of Pioneer Natural Resources by 35.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,623,503 shares of the oil and gas development company’s stock worth $1,788,392,000 after purchasing an additional 3,032,727 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Pioneer Natural Resources by 203.6% in the 2nd quarter. Primecap Management Co. CA now owns 4,150,495 shares of the oil and gas development company’s stock worth $638,595,000 after acquiring an additional 2,783,199 shares in the last quarter. BlackRock Inc. lifted its position in shares of Pioneer Natural Resources by 9.6% during the second quarter. BlackRock Inc. now owns 11,490,193 shares of the oil and gas development company’s stock valued at $1,767,880,000 after purchasing an additional 1,008,677 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Pioneer Natural Resources by 1,105.9% during the second quarter. Nuveen Asset Management LLC now owns 820,509 shares of the oil and gas development company’s stock valued at $126,243,000 after purchasing an additional 752,470 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Pioneer Natural Resources by 6,924.3% during the third quarter. Point72 Asset Management L.P. now owns 696,668 shares of the oil and gas development company’s stock worth $87,620,000 after purchasing an additional 686,750 shares during the last quarter. Institutional investors own 87.19% of the company’s stock.

Shares of PXD opened at $133.90 on Friday. The business has a 50-day moving average of $129.98 and a 200-day moving average of $134.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.68. The company has a market capitalization of $22.18 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. Pioneer Natural Resources has a 1 year low of $114.79 and a 1 year high of $178.22.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Monday, December 30th. Pioneer Natural Resources’s payout ratio is 13.95%.

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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