Q4 2019 Earnings Estimate for Pioneer Natural Resources (NYSE:PXD) Issued By B. Riley

Pioneer Natural Resources (NYSE:PXD) – Stock analysts at B. Riley upped their Q4 2019 earnings per share estimates for Pioneer Natural Resources in a report released on Thursday, June 13th. B. Riley analyst R. Rashid now forecasts that the oil and gas development company will post earnings of $2.30 per share for the quarter, up from their prior estimate of $2.19. B. Riley currently has a “Buy” rating and a $165.00 target price on the stock.

A number of other brokerages also recently weighed in on PXD. ValuEngine raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Imperial Capital set a $199.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday, February 15th. Morgan Stanley boosted their price target on shares of Pioneer Natural Resources from $184.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Citigroup cut their price target on shares of Pioneer Natural Resources from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, February 19th. Finally, Mitsubishi UFJ Financial Group cut their price target on shares of Pioneer Natural Resources to $192.00 and set an “overweight” rating on the stock in a report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $205.51.

Shares of NYSE:PXD opened at $143.25 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $23.80 billion, a P/E ratio of 22.70, a P/E/G ratio of 0.85 and a beta of 1.09. Pioneer Natural Resources has a fifty-two week low of $119.08 and a fifty-two week high of $195.00.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Creative Planning grew its holdings in shares of Pioneer Natural Resources by 0.8% in the first quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock worth $1,101,000 after purchasing an additional 59 shares during the last quarter. Avestar Capital LLC grew its holdings in shares of Pioneer Natural Resources by 15.6% in the first quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock worth $55,000 after purchasing an additional 67 shares during the last quarter. IBM Retirement Fund grew its holdings in shares of Pioneer Natural Resources by 3.0% in the first quarter. IBM Retirement Fund now owns 2,615 shares of the oil and gas development company’s stock worth $398,000 after purchasing an additional 77 shares during the last quarter. Kaizen Advisory LLC lifted its stake in Pioneer Natural Resources by 21.6% in the fourth quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock worth $60,000 after acquiring an additional 81 shares during the period. Finally, Pin Oak Investment Advisors Inc. lifted its stake in Pioneer Natural Resources by 11.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 830 shares of the oil and gas development company’s stock worth $109,000 after acquiring an additional 86 shares during the period. Hedge funds and other institutional investors own 87.98% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has 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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Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

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