Pioneer Natural Resources (NYSE:PXD) – Research analysts at SunTrust Banks raised their FY2019 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a note issued to investors on Monday, November 5th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas development company will earn $12.50 per share for the year, up from their previous forecast of $10.92. SunTrust Banks also issued estimates for Pioneer Natural Resources’ FY2020 earnings at $14.22 EPS.

Several other equities analysts also recently issued reports on PXD. Wells Fargo & Co reaffirmed a “market perform” rating and set a $227.00 price target on shares of Pioneer Natural Resources in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $183.00 price target for the company in a research note on Tuesday, October 23rd. Oppenheimer reaffirmed a “hold” rating on shares of Pioneer Natural Resources in a research note on Thursday, October 25th. Williams Capital reaffirmed a “hold” rating and set a $226.00 price target on shares of Pioneer Natural Resources in a research note on Tuesday, July 31st. Finally, Mizuho began coverage on shares of Pioneer Natural Resources in a research note on Monday, July 23rd. They set a “buy” rating and a $259.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $235.96.

PXD stock opened at $159.82 on Thursday. The firm has a market cap of $27.56 billion, a PE ratio of 73.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.04. Pioneer Natural Resources has a 52-week low of $140.54 and a 52-week high of $213.40. The company has a quick ratio of 0.98, a current ratio of 1.20 and a debt-to-equity ratio of 0.19.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.38. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The company’s revenue for the quarter was up 112.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.04. This represents a $0.64 annualized dividend and a dividend yield of 0.40%. Pioneer Natural Resources’s dividend payout ratio is 14.81%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Pioneer Natural Resources by 1.5% in the first quarter. Principal Financial Group Inc. now owns 277,806 shares of the oil and gas development company’s stock worth $47,721,000 after purchasing an additional 4,051 shares during the period. IFM Investors Pty Ltd grew its holdings in Pioneer Natural Resources by 47.6% in the second quarter. IFM Investors Pty Ltd now owns 7,754 shares of the oil and gas development company’s stock worth $1,467,000 after purchasing an additional 2,500 shares during the period. Fisher Asset Management LLC acquired a new stake in Pioneer Natural Resources in the second quarter worth $14,518,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Pioneer Natural Resources by 15.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,017 shares of the oil and gas development company’s stock worth $571,000 after purchasing an additional 400 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Pioneer Natural Resources by 13.4% in the second quarter. State of Alaska Department of Revenue now owns 26,963 shares of the oil and gas development company’s stock worth $5,100,000 after purchasing an additional 3,184 shares during the period. Institutional investors own 88.89% 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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