Jefferies Group Comments on Pioneer Natural Resources Company’s FY2019 Earnings (PXD)
Pioneer Natural Resources Company (NYSE:PXD) – Stock analysts at Jefferies Group issued their FY2019 earnings per share estimates for shares of Pioneer Natural Resources in a research report issued on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas development company will earn $5.31 per share for the year. Jefferies Group currently has a “Buy” rating and a $180.00 target price on the stock.
PXD has been the topic of a number of other reports. Stifel Nicolaus set a $236.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets dropped their price target on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, July 14th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Wednesday. BidaskClub lowered Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Finally, Barclays PLC increased their price objective on Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $200.16.
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Shares of Pioneer Natural Resources (NYSE PXD) traded down 1.04% on Wednesday, hitting $149.11. The company’s stock had a trading volume of 1,041,610 shares. The firm has a market cap of $25.36 billion, a PE ratio of 142.01 and a beta of 0.94. The company has a 50 day moving average of $138.68 and a 200 day moving average of $158.04. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted ($0.22) EPS. The company’s revenue was up 107.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s payout ratio is currently 8.16%.
In other Pioneer Natural Resources news, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew F. Cates purchased 350 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,200 shares of company stock valued at $161,102. 0.89% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PXD. GWM Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth $100,000. Commonwealth Bank of Australia boosted its stake in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth $120,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Pioneer Natural Resources during the 1st quarter worth $172,000. Finally, WFG Advisors LP boosted its stake in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.
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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