Pioneer Natural Resources (NYSE:PXD) – Jefferies Group reduced their Q1 2017 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a note issued to investors on Tuesday. Jefferies Group analyst M. Hsu now anticipates that the oil and gas development company will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.23. Jefferies Group currently has a “Buy” rating and a $245.00 target price on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q2 2017 earnings at $0.40 EPS, Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $1.24 EPS, FY2017 earnings at $2.61 EPS, Q4 2018 earnings at $3.10 EPS and FY2018 earnings at $9.42 EPS.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, February 7th. The oil and gas development company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.16. The company earned $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Pioneer Natural Resources had a negative return on equity of 0.33% and a negative net margin of 14.56%. Pioneer Natural Resources’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS.

TRADEMARK VIOLATION WARNING: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/04/20/jefferies-group-comments-on-pioneer-natural-resources-q1-2017-earnings-pxd.html.

Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

PXD has been the subject of a number of other research reports. Seaport Global Securities lowered Pioneer Natural Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $225.00 to $215.00 in a research note on Friday, March 31st. Mitsubishi UFJ Financial Group lowered Pioneer Natural Resources from an “overweight” rating to a “neutral” rating in a research note on Friday, January 20th. Williams Capital lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating and lowered their price objective for the company from $226.00 to $206.00 in a research note on Tuesday, January 24th. KLR Group restated a “buy” rating and set a $273.00 price objective (up previously from $254.00) on shares of Pioneer Natural Resources in a research note on Thursday, February 9th. Finally, Royal Bank of Canada restated a “buy” rating and set a $225.00 price objective (up previously from $217.00) on shares of Pioneer Natural Resources in a research note on Friday, January 27th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $207.51.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/jefferies-group-comments-on-pioneer-natural-resources-q1-2017-earnings-pxd.html

Pioneer Natural Resources (NYSE:PXD) opened at 175.06 on Thursday. The firm’s market capitalization is $29.72 billion. Pioneer Natural Resources has a 52-week low of $146.08 and a 52-week high of $199.83. The firm has a 50-day moving average price of $185.81 and a 200 day moving average price of $184.48.

A number of hedge funds have recently made changes to their positions in PXD. Quadrant Capital Group LLC increased its stake in shares of Pioneer Natural Resources by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 36 shares during the last quarter. LBA Wealth Management LLC increased its stake in shares of Pioneer Natural Resources by 44.2% in the fourth quarter. LBA Wealth Management LLC now owns 750 shares of the oil and gas development company’s stock valued at $135,000 after buying an additional 230 shares during the last quarter. Massey Quick & Co. LLC acquired a new stake in shares of Pioneer Natural Resources during the fourth quarter valued at $143,000. Teza Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources during the fourth quarter valued at $203,000. Finally, Fulton Bank N.A. acquired a new stake in shares of Pioneer Natural Resources during the first quarter valued at $212,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

In other Pioneer Natural Resources news, CEO Timothy L. Dove sold 1,200 shares of Pioneer Natural Resources stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $193.21, for a total transaction of $231,852.00. Following the sale, the chief executive officer now owns 255,498 shares of the company’s stock, valued at approximately $49,364,768.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott D. Sheffield sold 3,000 shares of Pioneer Natural Resources stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $197.33, for a total value of $591,990.00. Following the sale, the insider now directly owns 608,291 shares in the company, valued at approximately $120,034,063.03. The disclosure for this sale can be found here. Insiders have sold a total of 8,358 shares of company stock worth $1,614,482 in the last ninety days. 0.92% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 29th. Pioneer Natural Resources’s payout ratio is currently -2.35%.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

5 Day Chart for NYSE:PXD

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.