Pioneer Natural Resources (NYSE:PXD) – KeyCorp issued their Q1 2018 earnings estimates for shares of Pioneer Natural Resources in a report released on Sunday. KeyCorp analyst D. Deckelbaum expects that the oil and gas development company will earn $1.14 per share for the quarter. KeyCorp also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $1.30 EPS, Q3 2018 earnings at $1.50 EPS and Q4 2018 earnings at $1.62 EPS.

PXD has been the topic of a number of other research reports. Williams Capital lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating and decreased their target price for the company from $226.00 to $206.00 in a research report on Tuesday, January 24th. Barclays PLC reiterated an “overweight” rating and set a $190.00 target price (up previously from $188.00) on shares of Pioneer Natural Resources in a research report on Thursday, January 26th. Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, January 26th. Royal Bank of Canada reiterated a “buy” rating and set a $225.00 target price (up previously from $217.00) on shares of Pioneer Natural Resources in a research report on Friday, January 27th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $215.00 target price on shares of Pioneer Natural Resources in a research report on Thursday, February 2nd. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $213.38.

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

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Shares of Pioneer Natural Resources (NYSE:PXD) opened at 173.45 on Wednesday. The company’s market cap is $29.50 billion. Pioneer Natural Resources has a 52-week low of $146.08 and a 52-week high of $199.83. The stock’s 50 day moving average is $176.95 and its 200 day moving average is $182.51.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Pioneer Natural Resources had a negative net margin of 14.56% and a negative return on equity of 0.33%. The company’s revenue for the quarter was up 114.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.64) earnings per share.

In other news, SVP Mark H. Kleinman sold 1,758 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $186.24, for a total transaction of $327,409.92. Following the completion of the transaction, the senior vice president now directly owns 17,201 shares in the company, valued at approximately $3,203,514.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total value of $999,118.71. Following the transaction, the executive vice president now owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,907 shares of company stock valued at $1,789,759. Company insiders own 0.92% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. acquired a new position in Pioneer Natural Resources during the first quarter worth $1,107,000. Community Trust & Investment Co. boosted its position in Pioneer Natural Resources by 82.7% in the first quarter. Community Trust & Investment Co. now owns 41,765 shares of the oil and gas development company’s stock worth $7,778,000 after buying an additional 18,910 shares in the last quarter. Cambridge Trust Co. boosted its position in Pioneer Natural Resources by 1.5% in the first quarter. Cambridge Trust Co. now owns 135,473 shares of the oil and gas development company’s stock worth $25,230,000 after buying an additional 1,983 shares in the last quarter. Bank of Nova Scotia boosted its position in Pioneer Natural Resources by 4,081.0% in the first quarter. Bank of Nova Scotia now owns 159,923 shares of the oil and gas development company’s stock worth $29,782,000 after buying an additional 156,098 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its position in Pioneer Natural Resources by 6.7% in the first quarter. Aristotle Capital Management LLC now owns 1,224,326 shares of the oil and gas development company’s stock worth $228,006,000 after buying an additional 76,518 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

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.

12 Month Chart for NYSE:PXD

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