Pioneer Natural Resources (NYSE:PXD) – Equities research analysts at Jefferies Financial Group raised their Q3 2019 EPS estimates for shares of Pioneer Natural Resources in a research note issued to investors on Thursday, May 9th, Zacks Investment Research reports. Jefferies Financial Group analyst M. Lear now expects that the oil and gas development company will post earnings of $2.17 per share for the quarter, up from their previous estimate of $2.15. Jefferies Financial Group also issued estimates for Pioneer Natural Resources’ Q4 2019 earnings at $2.01 EPS, Q1 2020 earnings at $1.84 EPS, Q2 2020 earnings at $2.11 EPS, Q3 2020 earnings at $2.23 EPS, Q4 2020 earnings at $2.45 EPS, FY2020 earnings at $8.63 EPS, Q1 2021 earnings at $2.81 EPS and FY2021 earnings at $12.08 EPS.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS.
A number of other analysts have also recently issued reports on PXD. Mitsubishi UFJ Financial Group upped their target price on Pioneer Natural Resources to $227.00 and gave the company an “overweight” rating in a research report on Monday, February 4th. Imperial Capital set a $198.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Friday, February 8th. Credit Suisse Group decreased their target price on Pioneer Natural Resources from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, February 14th. They noted that the move was a valuation call. TD Securities downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating and reduced their price objective for the company from $185.00 to $165.00 in a research note on Friday, February 15th. Finally, B. Riley set a $165.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $205.51.
Shares of NYSE PXD traded up $2.01 during trading hours on Monday, reaching $144.62. The stock had a trading volume of 2,476,400 shares, compared to its average volume of 1,938,607. The stock has a market cap of $24.12 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a fifty-two week low of $119.08 and a fifty-two week high of $197.42.
Several hedge funds have recently modified their holdings of the company. Creative Planning raised its stake in shares of Pioneer Natural Resources by 0.8% during the 1st quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock worth $1,101,000 after buying an additional 59 shares in the last quarter. Avestar Capital LLC raised its stake in shares of Pioneer Natural Resources by 15.6% during the 1st quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock worth $55,000 after buying an additional 67 shares in the last quarter. IBM Retirement Fund raised its stake in shares of Pioneer Natural Resources by 3.0% during the 1st quarter. IBM Retirement Fund now owns 2,615 shares of the oil and gas development company’s stock worth $398,000 after buying an additional 77 shares in the last quarter. Kaizen Advisory LLC raised its stake in shares of Pioneer Natural Resources by 21.6% during the 4th quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock worth $60,000 after buying an additional 81 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. increased its stake in Pioneer Natural Resources by 11.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 830 shares of the oil and gas development company’s stock valued at $109,000 after purchasing an additional 86 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.
In other news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% 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.