Pioneer Natural Resources (NYSE:PXD) – Investment analysts at Imperial Capital issued their Q1 2018 EPS estimates for Pioneer Natural Resources in a research note issued to investors on Thursday. Imperial Capital analyst I. Haas expects that the oil and gas development company will post earnings of $1.50 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $220.00 target price on the stock. Imperial Capital also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $1.72 EPS, Q3 2018 earnings at $1.82 EPS, Q4 2018 earnings at $1.90 EPS and FY2018 earnings at $6.94 EPS.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 48.4% compared to the same quarter last year.
Shares of Pioneer Natural Resources (NYSE PXD) opened at $165.05 on Monday. Pioneer Natural Resources has a 52-week low of $125.46 and a 52-week high of $199.83. The stock has a market cap of $28,090.00, a PE ratio of 33.68, a PEG ratio of 2.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.58.
Pioneer Natural Resources announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the oil and gas development company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be paid a $0.16 dividend. This represents a dividend yield of 0.18%. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. Pioneer Natural Resources’s payout ratio is 1.63%.
In related news, CEO Timothy L. Dove sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $159.51, for a total transaction of $159,510.00. Following the sale, the chief executive officer now directly owns 259,083 shares of the company’s stock, valued at approximately $41,326,329.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $155.23, for a total transaction of $279,414.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,106 shares of company stock worth $4,444,339. 0.89% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jacobs & Co. CA increased its stake in Pioneer Natural Resources by 7.7% during the 4th quarter. Jacobs & Co. CA now owns 14,955 shares of the oil and gas development company’s stock worth $2,556,000 after buying an additional 1,068 shares during the period. First Republic Investment Management Inc. increased its stake in Pioneer Natural Resources by 49.5% during the 4th quarter. First Republic Investment Management Inc. now owns 13,702 shares of the oil and gas development company’s stock worth $2,369,000 after buying an additional 4,538 shares during the period. Suntrust Banks Inc. increased its stake in Pioneer Natural Resources by 23.1% during the 4th quarter. Suntrust Banks Inc. now owns 4,711 shares of the oil and gas development company’s stock worth $813,000 after buying an additional 884 shares during the period. Baird Financial Group Inc. increased its stake in Pioneer Natural Resources by 30.7% during the 4th quarter. Baird Financial Group Inc. now owns 31,868 shares of the oil and gas development company’s stock worth $5,509,000 after buying an additional 7,481 shares during the period. Finally, Norinchukin Bank The increased its stake in Pioneer Natural Resources by 7.5% during the 4th quarter. Norinchukin Bank The now owns 13,604 shares of the oil and gas development company’s stock worth $2,351,000 after buying an additional 944 shares during the period. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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