Pioneer Natural Resources Announces Semiannual Dividend of $0.04 (PXD)
Pioneer Natural Resources (NYSE:PXD) announced a semiannual dividend on Friday, February 22nd. Investors of record on Thursday, March 28th will be paid a dividend of $0.04 per share on Thursday, April 11th. This represents a dividend yield of 0.06%. The ex-dividend date is Tuesday, March 26th.
Several analysts have also recently commented on the stock. Analysts at Oracle Investment Research downgraded shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. On a related note, analysts at FBR Capital reiterated an “outperform” rating on shares of Pioneer Natural Resources in a research note to investors on Tuesday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Pioneer Natural Resources in a research note to investors on Tuesday.
Seventeen research analysts have rated the stock with a buy rating, five have assigned an overweight rating, ten have assigned a hold rating, and two have issued a sell rating to the company. The company has a consensus rating of “overweight” and an average target price of $135.78.
Pioneer Natural Resources (PXD) traded up 1.18% on Friday, hitting $127.00. Pioneer Natural Resources (PXD) has a 52-week low of $77.41 and a 52-week high of $133.68. The stock’s 50-day moving average is currently $118.8. The company has a market cap of $15.667 billion and a price-to-earnings ratio of 83.68.
Pioneer Natural Resources last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.05. The company had revenue of $818.70 million for the quarter, compared to the consensus estimate of $783.58 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. On average, analysts predict that Pioneer Natural Resources (PXD) will post $4.75 earnings per share for the current fiscal year.
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States and South Africa.
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