Brokerages expect that Pioneer Natural Resources Company (NYSE:PXD) will post $1.42 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Pioneer Natural Resources’ earnings, with estimates ranging from $1.35 billion to $1.48 billion. Pioneer Natural Resources reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.3%. The company is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Pioneer Natural Resources will report full-year sales of $1.42 billion for the current financial year, with estimates ranging from $5.43 billion to $5.88 billion. For the next year, analysts forecast that the company will post sales of $6.57 billion per share, with estimates ranging from $6.12 billion to $7.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Pioneer Natural Resources.

Pioneer Natural Resources (NYSE:PXD) last released 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.22) EPS. The company’s revenue was up 107.4% compared to the same quarter last year.

A number of research firms recently weighed in on PXD. Royal Bank Of Canada set a $233.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, June 17th. Scotiabank set a $210.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC set a $243.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Capital One Financial Corporation restated an “overweight” rating on shares of Pioneer Natural Resources in a research note on Wednesday, August 2nd. 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. The company currently has an average rating of “Buy” and an average target price of $214.19.

In related news, 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 transaction of $999,118.71. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. 0.92% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of PXD. Macquarie Group Ltd. increased its stake in shares of Pioneer Natural Resources by 12.8% in the fourth quarter. Macquarie Group Ltd. now owns 78,068 shares of the oil and gas development company’s stock valued at $14,057,000 after buying an additional 8,853 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Pioneer Natural Resources by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 146,642 shares of the oil and gas development company’s stock valued at $27,309,000 after buying an additional 4,466 shares in the last quarter. Fulton Bank N.A. bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at $212,000. Raymond James Trust N.A. bought a new stake in shares of Pioneer Natural Resources during the first quarter valued at $226,000. Finally, Gulf International Bank UK Ltd increased its stake in shares of Pioneer Natural Resources by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 52,978 shares of the oil and gas development company’s stock valued at $9,866,000 after buying an additional 625 shares in the last quarter. 92.62% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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