Pioneer Natural Resources Company (NYSE:PXD) – Jefferies Group reduced their Q3 2018 earnings per share (EPS) estimates for Pioneer Natural Resources in a report released on Monday. Jefferies Group analyst M. Hsu now anticipates that the oil and gas development company will post earnings of $1.49 per share for the quarter, down from their previous forecast of $1.60. Jefferies Group currently has a “Buy” rating and a $243.00 price target on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q4 2018 earnings at $1.69 EPS and FY2018 earnings at $5.65 EPS.

Several other equities research analysts have also weighed in on the company. Citigroup Inc. reduced their price objective on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $214.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Barclays PLC set a $136.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $210.71.

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Pioneer Natural Resources (PXD) traded down 1.10% during trading on Wednesday, hitting $132.23. The stock had a trading volume of 483,758 shares. The stock has a market cap of $22.49 billion, a PE ratio of 133.43 and a beta of 0.91. The firm’s 50-day moving average price is $153.34 and its 200-day moving average price is $171.87. Pioneer Natural Resources has a 1-year low of $128.50 and a 1-year high of $199.83.

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, topping the Zacks’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.22) earnings per share. The business’s revenue for the quarter was up 107.4% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Pioneer Natural Resources during the first quarter valued at about $457,000. Huntington National Bank increased its stake in shares of Pioneer Natural Resources by 54.6% in the first quarter. Huntington National Bank now owns 86,905 shares of the oil and gas development company’s stock valued at $16,184,000 after buying an additional 30,709 shares in the last quarter. Anderson Hoagland & Co. increased its stake in shares of Pioneer Natural Resources by 10.2% in the first quarter. Anderson Hoagland & Co. now owns 6,510 shares of the oil and gas development company’s stock valued at $1,212,000 after buying an additional 600 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in shares of Pioneer Natural Resources by 56.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 11,644 shares of the oil and gas development company’s stock valued at $2,168,000 after buying an additional 4,215 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Pioneer Natural Resources by 5.4% in the first quarter. Nisa Investment Advisors LLC now owns 58,962 shares of the oil and gas development company’s stock valued at $10,980,000 after buying an additional 3,010 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.

In other Pioneer Natural Resources news, Director J Kenneth Thompson purchased 750 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, with a total value of $100,050.00. Following the completion of the transaction, the director now owns 10,865 shares in the company, valued at approximately $1,449,391. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $135.37 per share, for a total transaction of $47,379.50. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,200 shares of company stock worth $161,102. Corporate insiders own 0.92% 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.

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

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