Pioneer Natural Resources Company (NYSE:PXD) – Equities researchers at Williams Capital reduced their FY2017 earnings estimates for Pioneer Natural Resources Company in a research report issued on Monday. Williams Capital analyst G. Sorbara now expects that the oil and gas development company will earn $0.99 per share for the year, down from their previous estimate of $1.52. Williams Capital has a “Hold” rating and a $200.00 price target on the stock. Williams Capital also issued estimates for Pioneer Natural Resources Company’s FY2018 earnings at $3.11 EPS and FY2019 earnings at $6.21 EPS.

Pioneer Natural Resources Company (NYSE:PXD) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Pioneer Natural Resources Company had a positive return on equity of 1.08% and a negative net margin of 7.20%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business earned ($0.64) EPS. The company’s revenue for the quarter was up 114.3% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “Pioneer Natural Resources Company to Post FY2017 Earnings of $0.99 Per Share, Williams Capital Forecasts (PXD)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/06/15/pioneer-natural-resources-company-to-post-fy2017-earnings-of-0-99-per-share-williams-capital-forecasts-pxd.html.

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

PXD has been the subject of several other research reports. Seaport Global Securities lowered Pioneer Natural Resources Company from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $225.00 to $215.00 in a research report on Friday, March 31st. Mizuho upgraded Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 21st. Scotiabank reiterated a “buy” rating and issued a $250.00 price target on shares of Pioneer Natural Resources Company in a research report on Thursday, March 16th. Credit Suisse Group reiterated a “buy” rating on shares of Pioneer Natural Resources Company in a research report on Friday, May 5th. Finally, KLR Group lifted their price target on Pioneer Natural Resources Company from $234.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Pioneer Natural Resources Company currently has a consensus rating of “Buy” and a consensus target price of $216.50.

Pioneer Natural Resources Company (PXD) traded down 0.62% during trading on Thursday, hitting $163.84. The stock had a trading volume of 444,055 shares. Pioneer Natural Resources Company has a 52-week low of $146.08 and a 52-week high of $199.83. The company has a 50-day moving average of $170.16 and a 200 day moving average of $181.28. The firm’s market cap is $27.87 billion.

In other news, EVP Chris J. Cheatwood sold 5,749 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the transaction, the executive vice president now directly owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

A number of large investors have recently bought and sold shares of PXD. Coconut Grove Bank raised its stake in Pioneer Natural Resources Company by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock valued at $103,000 after buying an additional 281 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Pioneer Natural Resources Company 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. Winch Advisory Services LLC acquired a new stake in Pioneer Natural Resources Company during the first quarter valued at approximately $112,000. LBA Wealth Management LLC raised its stake in Pioneer Natural Resources Company 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. Finally, Morgan Dempsey Capital Management LLC raised its stake in Pioneer Natural Resources Company by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

About Pioneer Natural Resources Company

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.

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