Pioneer Natural Resources (PXD) Plans Quarterly Dividend of $0.04
Pioneer Natural Resources (NYSE:PXD) declared a quarterly dividend on Thursday, February 21st. Stockholders of record on Thursday, March 28th will be given a dividend of $0.04 per share on Thursday, April 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.13%.
PXD has been the subject of a number of recent research reports. 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.
Sixteen equities research analysts have rated the stock with a buy rating, five have issued an overweight rating, ten have assigned a hold rating, and two have given a sell rating to the company’s stock. The stock has an average rating of “overweight” and an average target price of $134.91.
Pioneer Natural Resources (PXD) traded down 1.81% on Thursday, hitting $125.52. Pioneer Natural Resources (PXD) has a 1-year low of $77.41 and a 1-year high of $133.68. The stock’s 50-day moving average is currently $118.3. The company has a market cap of $15.484 billion and a price-to-earnings ratio of 85.23.
Pioneer Natural Resources last announced its earnings results on Wednesday, February 13th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.19 earnings per share. Pioneer Natural Resources’s revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that Pioneer Natural Resources (PXD) will post $4.74 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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