Q3 2017 EPS Estimates for Pioneer Natural Resources Company Decreased by Analyst (PXD)
Pioneer Natural Resources Company (NYSE:PXD) – Investment analysts at US Capital Advisors decreased their Q3 2017 earnings estimates for Pioneer Natural Resources in a research note issued to investors on Tuesday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas development company will earn $0.25 per share for the quarter, down from their previous forecast of $0.35. US Capital Advisors also issued estimates for Pioneer Natural Resources’ FY2017 earnings at $1.24 EPS.
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 the Thomson Reuters’ 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 analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.22) EPS. Pioneer Natural Resources’s quarterly revenue was up 107.4% compared to the same quarter last year.
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A number of other equities analysts have also weighed in on PXD. Williams Capital lowered their price objective on Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, October 18th. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. KeyCorp set a $180.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, October 21st. 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $194.08.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at 142.16 on Thursday. The stock has a market cap of $24.18 billion, a price-to-earnings ratio of 143.45 and a beta of 0.94. The company’s 50-day moving average price is $143.12 and its 200 day moving average price is $154.93. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $199.83.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GWM Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter worth $100,000. Commonwealth Bank of Australia grew its stake in 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 purchasing an additional 67 shares in the last quarter. BDO Wealth Advisors LLC acquired a new position in Pioneer Natural Resources during the 2nd quarter worth $120,000. Oppenheimer Asset Management Inc. acquired a new position in Pioneer Natural Resources during the 1st quarter worth $172,000. Finally, WFG Advisors LP grew its stake in 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 purchasing an additional 102 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Andrew F. Cates bought 350 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $130.49, for a total value of $114,831.20. Following the transaction, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders have purchased a total of 1,200 shares of company stock valued at $161,102 over the last three months. 0.89% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is 8.16%.
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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