Pioneer Natural Resources Company (NYSE:PXD) – SunTrust Banks decreased their Q3 2017 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a report released on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas development company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.41. SunTrust Banks also issued estimates for Pioneer Natural Resources’ FY2018 earnings at $2.60 EPS, FY2019 earnings at $3.76 EPS and FY2020 earnings at $5.28 EPS.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned ($0.22) EPS. The business’s revenue was up 107.4% on a year-over-year basis.

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A number of other research firms have also recently commented on PXD. Zacks Investment Research cut shares of Pioneer Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $267.00 price objective on shares of Pioneer Natural Resources in a research report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $230.00 price objective on shares of Pioneer Natural Resources in a research report on Tuesday, April 25th. Jefferies Group LLC set a $243.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $196.00 price objective (down from $204.00) on shares of Pioneer Natural Resources in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $214.19.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at 135.34 on Monday. Pioneer Natural Resources has a one year low of $130.38 and a one year high of $199.83. The company has a market capitalization of $23.02 billion, a P/E ratio of 136.57 and a beta of 0.91. The firm has a 50-day moving average of $160.01 and a 200-day moving average of $175.21.

In other Pioneer Natural Resources news, EVP Chris J. Cheatwood sold 5,749 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the completion of the transaction, the executive vice president now 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 can be accessed through this hyperlink. 0.92% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PXD. CWM LLC increased its position in shares of Pioneer Natural Resources by 6.2% in the first quarter. CWM LLC now owns 7,441 shares of the oil and gas development company’s stock valued at $1,386,000 after buying an additional 432 shares during the last quarter. Independence Advisors LLC acquired a new position in shares of Pioneer Natural Resources during the second quarter valued at approximately $822,000. Capital Advisors Inc. OK acquired a new position in shares of Pioneer Natural Resources during the first quarter valued at approximately $660,000. Murphy Capital Management Inc. increased its position in shares of Pioneer Natural Resources by 4.5% in the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock valued at $18,364,000 after buying an additional 4,980 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the last quarter. 92.78% of the stock is owned by hedge funds and other institutional investors.

About Pioneer Natural Resources

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.

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

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