Pioneer Natural Resources (NYSE:PXD) – KeyCorp lowered their Q1 2019 earnings per share (EPS) estimates for Pioneer Natural Resources in a research note issued on Sunday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas development company will earn $1.44 per share for the quarter, down from their prior forecast of $1.45. KeyCorp has a “Buy” rating and a $195.00 price objective on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.85 EPS, Q4 2019 earnings at $1.89 EPS and FY2019 earnings at $6.80 EPS.
Several other brokerages have also issued reports on PXD. Piper Jaffray Companies restated a “buy” rating and set a $207.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, January 9th. ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. set a $185.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada set a $201.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Sunday, October 15th. Finally, Zacks Investment Research lowered Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $196.81.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in PXD. GWM Advisors LLC acquired a new stake in shares of Pioneer Natural Resources during the 2nd quarter worth approximately $100,000. WFG Advisors LP increased its holdings in Pioneer Natural Resources by 10.2% in the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Pioneer Natural Resources in the 3rd quarter valued at approximately $176,000. Sun Life Financial INC increased its holdings in Pioneer Natural Resources by 7,229.4% in the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock valued at $199,000 after purchasing an additional 1,229 shares during the last quarter. Finally, GeoSphere Capital Management acquired a new stake in Pioneer Natural Resources in the 2nd quarter valued at approximately $199,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
In other Pioneer Natural Resources news, EVP Jerome D. Hall, Jr. sold 1,800 shares of the stock in a transaction dated Wednesday, December 27th. The shares were 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 approximately $3,963,586.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction that occurred on 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 owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,916 shares of company stock valued at $6,976,992. 0.89% of the stock is owned by insiders.
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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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