Pioneer Natural Resources (NYSE:PXD) – Seaport Global Securities upped their Q1 2018 EPS estimates for shares of Pioneer Natural Resources in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas development company will post earnings per share of $0.95 for the quarter, up from their previous estimate of $0.94. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $1.03 EPS and FY2018 earnings at $4.25 EPS.

Several other equities research analysts have also weighed in on PXD. Mizuho set a $202.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday. Susquehanna Bancshares reissued a “neutral” rating and set a $207.00 price objective on shares of Pioneer Natural Resources in a research note on Wednesday. UBS Group lowered Pioneer Natural Resources from a “positive” rating to a “neutral” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “buy” rating and set a $207.00 price objective on shares of Pioneer Natural Resources in a research note on Tuesday, January 9th. Finally, BMO Capital Markets reissued a “buy” rating and set a $225.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $194.73.

Shares of Pioneer Natural Resources (NYSE:PXD) opened at $184.32 on Thursday. The firm has a market capitalization of $31,056.87, a price-to-earnings ratio of 256.00, a PEG ratio of 4.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.58 and a current ratio of 1.69. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.18. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS.

Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its holdings in shares of Pioneer Natural Resources by 1.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock worth $36,561,000 after acquiring an additional 4,040 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Pioneer Natural Resources by 2,357.7% during the third quarter. Point72 Asset Management L.P. now owns 739,763 shares of the oil and gas development company’s stock worth $109,145,000 after acquiring an additional 709,663 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Pioneer Natural Resources by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 566,122 shares of the oil and gas development company’s stock worth $83,526,000 after acquiring an additional 26,050 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Pioneer Natural Resources by 25.0% during the third quarter. Alyeska Investment Group L.P. now owns 171,902 shares of the oil and gas development company’s stock worth $25,362,000 after acquiring an additional 34,342 shares in the last quarter. Finally, Ashburton Jersey Ltd raised its holdings in shares of Pioneer Natural Resources by 87.3% during the third quarter. Ashburton Jersey Ltd now owns 17,034 shares of the oil and gas development company’s stock worth $2,513,000 after acquiring an additional 7,940 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

In other news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $172.60, for a total value of $310,680.00. Following the completion of the sale, the executive vice president now owns 22,964 shares in the company, valued at $3,963,586.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy L. Dove sold 5,560 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at $41,784,934.78. The disclosure for this sale can be found here. Insiders sold 42,916 shares of company stock valued at $6,976,992 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

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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.

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

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