Pioneer Natural Resources Co. to Post Q3 2016 Earnings of $0.15 Per Share, Jefferies Group Forecasts (PXD)
Pioneer Natural Resources Co. (NYSE:PXD) – Stock analysts at Jefferies Group boosted their Q3 2016 earnings estimates for Pioneer Natural Resources in a research note issued to investors on Tuesday. Jefferies Group analyst J. Wolff now expects that the brokerage will earn $0.15 per share for the quarter, up from their prior estimate of $0.09. Jefferies Group currently has a “Buy” rating and a $206.00 target price on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.96 EPS and FY2017 earnings at $1.95 EPS.
Other research analysts have also issued research reports about the company. Barclays PLC raised Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $152.00 to $175.00 in a research note on Tuesday, August 2nd. Credit Agricole SA assumed coverage on Pioneer Natural Resources in a research note on Wednesday, June 22nd. They set a “buy” rating on the stock. Canaccord Genuity reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, July 29th. Capital One Financial Corp. raised Pioneer Natural Resources from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 28th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Pioneer Natural Resources in a research note on Thursday, September 8th. They set a “neutral” rating and a $200.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources currently has an average rating of “Buy” and a consensus target price of $181.63.
Pioneer Natural Resources (NYSE:PXD) traded up 3.71% on Wednesday, hitting $190.86. The stock had a trading volume of 548,897 shares. The stock’s market cap is $32.37 billion. The company’s 50-day moving average is $182.68 and its 200-day moving average is $165.74. Pioneer Natural Resources has a one year low of $103.50 and a one year high of $193.39.
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Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas development company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.12. The business earned $786 million during the quarter, compared to analysts’ expectations of $797.28 million. Pioneer Natural Resources had a negative return on equity of 1.79% and a negative net margin of 10.75%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th were given a $0.04 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.09%. Pioneer Natural Resources’s dividend payout ratio (DPR) is -2.52%.
In other Pioneer Natural Resources news, Director J Kenneth Thompson sold 750 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $171.51, for a total transaction of $128,632.50. Following the transaction, the director now directly owns 9,453 shares in the company, valued at approximately $1,621,284.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank A. Risch sold 500 shares of Pioneer Natural Resources stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $185.08, for a total transaction of $92,540.00. Following the transaction, the director now owns 11,156 shares in the company, valued at $2,064,752.48. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Anderson Hoagland & Co. boosted its position in Pioneer Natural Resources by 45.6% in the third quarter. Anderson Hoagland & Co. now owns 5,910 shares of the oil and gas development company’s stock valued at $1,097,000 after buying an additional 1,850 shares during the last quarter. CWM LLC boosted its position in Pioneer Natural Resources by 4.1% in the third quarter. CWM LLC now owns 6,608 shares of the oil and gas development company’s stock valued at $1,227,000 after buying an additional 260 shares during the last quarter. Putnam FL Investment Management Co. boosted its position in Pioneer Natural Resources by 17.2% in the third quarter. Putnam FL Investment Management Co. now owns 52,892 shares of the oil and gas development company’s stock valued at $9,819,000 after buying an additional 7,744 shares during the last quarter. National Pension Service boosted its position in Pioneer Natural Resources by 8.2% in the third quarter. National Pension Service now owns 126,640 shares of the oil and gas development company’s stock valued at $23,511,000 after buying an additional 9,627 shares during the last quarter. Finally, Renaissance Investment Group LLC boosted its position in Pioneer Natural Resources by 2.6% in the third quarter. Renaissance Investment Group LLC now owns 13,877 shares of the oil and gas development company’s stock valued at $2,576,000 after buying an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 93.53% of the company’s stock.
Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.
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