Pioneer Natural Resources (NYSE:PXD) – Investment analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the oil and gas development company will post earnings per share of $1.45 for the quarter. KeyCorp currently has a “Buy” rating and a $180.00 price target on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q2 2019 earnings at $1.63 EPS, Q3 2019 earnings at $1.86 EPS and FY2019 earnings at $6.84 EPS.
A number of other equities research analysts have also issued reports on PXD. Zacks Investment Research raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Credit Suisse Group began coverage on shares of Pioneer Natural Resources in a report on Monday. They issued an “outperform” rating and a $192.00 price target on the stock. Mizuho reissued a “buy” rating and issued a $196.00 price target on shares of Pioneer Natural Resources in a report on Friday, September 29th. Williams Capital cut their price target on shares of Pioneer Natural Resources from $165.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, October 18th. Finally, Imperial Capital began coverage on shares of Pioneer Natural Resources in a report on Tuesday, August 22nd. They issued an “outperform” rating and a $160.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $192.37.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS.
In related news, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $157.57, for a total transaction of $512,102.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the sale, the chief executive officer now directly owns 260,083 shares in the company, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. Insiders have sold a total of 23,392 shares of company stock worth $3,721,297 in the last ninety days. Insiders own 0.89% of the company’s stock.
A number of large investors have recently bought and sold shares of PXD. GWM Advisors LLC bought a new stake in Pioneer Natural Resources during the second quarter worth about $100,000. Commonwealth Bank of Australia boosted its stake in Pioneer Natural Resources by 10.8% during the second 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 Pioneer Natural Resources during the second quarter worth about $120,000. WFG Advisors LP boosted its stake in Pioneer Natural Resources by 10.2% during the second 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. Finally, Steward Partners Investment Advisory LLC bought a new stake in Pioneer Natural Resources during the third quarter worth about $176,000. 90.90% of the stock is currently owned by institutional investors and hedge funds.
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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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