Pioneer Natural Resources Company (NYSE:PXD) – Equities research analysts at SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for Pioneer Natural Resources in a research note issued to investors on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas development company will earn $0.25 per share for the quarter, down from their previous forecast of $0.41. SunTrust Banks also issued estimates for Pioneer Natural Resources’ FY2018 earnings at $2.60 EPS, FY2019 earnings at $3.76 EPS and FY2020 earnings at $5.28 EPS.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.22) earnings per share.

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PXD has been the subject of a number of other reports. Williams Capital set a $184.00 price target on Pioneer Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company lowered Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $190.00 to $160.00 in a research note on Wednesday, August 2nd. BidaskClub lowered Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $214.19.

Pioneer Natural Resources (PXD) opened at 135.34 on Monday. Pioneer Natural Resources has a one year low of $130.38 and a one year high of $199.83. The company’s 50 day moving average price is $160.01 and its 200-day moving average price is $175.21. The company has a market cap of $23.02 billion, a P/E ratio of 136.57 and a beta of 0.91.

A number of hedge funds and other institutional investors have recently made changes to their positions in PXD. Vanguard Group Inc. increased its position in shares of Pioneer Natural Resources by 3.4% in the first quarter. Vanguard Group Inc. now owns 11,827,949 shares of the oil and gas development company’s stock valued at $2,202,718,000 after buying an additional 390,587 shares during the period. BlackRock Inc. increased its position in shares of Pioneer Natural Resources by 2,397.3% in the first quarter. BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company’s stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. FMR LLC increased its position in shares of Pioneer Natural Resources by 18.3% in the first quarter. FMR LLC now owns 8,424,493 shares of the oil and gas development company’s stock valued at $1,568,894,000 after buying an additional 1,304,274 shares during the period. Bank of New York Mellon Corp increased its position in shares of Pioneer Natural Resources by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 2,548,041 shares of the oil and gas development company’s stock valued at $474,522,000 after buying an additional 51,063 shares during the period. Finally, Boston Partners increased its position in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after buying an additional 716,266 shares during the period. Hedge funds and other institutional investors own 92.78% of the company’s stock.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $173.79, for a total transaction of $999,118.71. Following the transaction, the executive vice president now directly owns 45,110 shares in the company, valued at approximately $7,839,666.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.92% of the stock is owned by insiders.

About Pioneer Natural Resources

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.

Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

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