Pioneer Natural Resources Company (NYSE:PXD) – Analysts at KeyCorp increased their Q4 2017 EPS estimates for Pioneer Natural Resources in a research note issued to investors on Wednesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas development company will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39. KeyCorp has a “Buy” rating and a $180.00 price objective on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $0.45 EPS.

Several other research analysts have also recently issued reports on the stock. Jefferies Group LLC set a $171.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BMO Capital Markets decreased their price objective on shares of Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, July 14th. Stifel Nicolaus set a $248.00 price objective on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Citigroup Inc. decreased their price objective on shares of Pioneer Natural Resources from $210.00 to $190.00 and set a “buy” rating for the company in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company’s stock. Pioneer Natural Resources currently has an average rating of “Buy” and an average target price of $194.08.

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Pioneer Natural Resources (PXD) opened at 144.75 on Monday. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The firm has a 50-day moving average of $142.42 and a 200-day moving average of $156.16. The stock has a market capitalization of $24.62 billion, a PE ratio of 146.06 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the company posted ($0.22) earnings per share. The firm’s quarterly revenue was up 107.4% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Pioneer Natural Resources by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock worth $1,934,718,000 after buying an additional 295,861 shares in the last quarter. BlackRock Inc. lifted its position in Pioneer Natural Resources by 2,397.3% in the 1st quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock worth $2,118,708,000 after buying an additional 10,921,279 shares in the last quarter. Capital World Investors lifted its position in Pioneer Natural Resources by 45.4% in the 2nd quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares in the last quarter. Carmignac Gestion lifted its position in Pioneer Natural Resources by 10.7% in the 2nd quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock worth $483,364,000 after buying an additional 292,612 shares in the last quarter. Finally, Boston Partners lifted its position in Pioneer Natural Resources by 48.5% in the 2nd quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock worth $349,928,000 after buying an additional 716,266 shares in the last quarter. Institutional investors own 91.46% of the company’s stock.

In related news, Director J Kenneth Thompson bought 750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $133.40 per share, for a total transaction of $100,050.00. Following the transaction, the director now directly owns 10,865 shares in the company, valued at $1,449,391. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 7,648 shares of the company’s stock, valued at approximately $997,987.52. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,200 shares of company stock valued at $161,102. Insiders own 0.89% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is 8.16%.

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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