Pioneer Natural Resources (PXD) Expected to Post Earnings of $1.60 Per Share
Equities analysts expect Pioneer Natural Resources (NYSE:PXD) to announce $1.60 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Pioneer Natural Resources’ earnings. The lowest EPS estimate is $0.94 and the highest is $2.21. Pioneer Natural Resources posted earnings per share of $1.66 during the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The company is scheduled to issue its next earnings results on Wednesday, May 1st.
On average, analysts expect that Pioneer Natural Resources will report full-year earnings of $7.40 per share for the current fiscal year, with EPS estimates ranging from $4.76 to $10.21. For the next year, analysts anticipate that the firm will post earnings of $9.15 per share, with EPS estimates ranging from $6.45 to $13.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.30). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.31 billion. Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The business’s revenue for the quarter was up 75.4% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share.
Shares of PXD traded up $0.69 during trading hours on Thursday, hitting $136.37. 1,255,817 shares of the company were exchanged, compared to its average volume of 1,842,153. The firm has a market cap of $22.73 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. Pioneer Natural Resources has a fifty-two week low of $119.08 and a fifty-two week high of $213.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.29 and a current ratio of 1.42.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a $0.32 dividend. The ex-dividend date is Thursday, March 28th. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.16. This represents a yield of 0.45%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 5.07%.
Pioneer Natural Resources announced that its board has authorized a stock repurchase plan on Thursday, December 13th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the oil and gas development company to purchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Andrew F. Cates bought 790 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was purchased at an average cost of $124.27 per share, for a total transaction of $98,173.30. Following the completion of the transaction, the director now owns 13,370 shares of the company’s stock, valued at $1,661,489.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Timothy L. Dove sold 4,800 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $134.18, for a total value of $644,064.00. Following the completion of the transaction, the chief executive officer now owns 276,901 shares of the company’s stock, valued at $37,154,576.18. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in Pioneer Natural Resources in the fourth quarter valued at about $207,894,000. Actinver Wealth Management Inc. bought a new position in Pioneer Natural Resources in the fourth quarter valued at about $230,000. Pin Oak Investment Advisors Inc. raised its position in Pioneer Natural Resources by 11.6% in the fourth 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 during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Pioneer Natural Resources in the fourth quarter valued at about $443,000. Finally, CWM Advisors LLC raised its position in Pioneer Natural Resources by 15.0% in the fourth quarter. CWM Advisors LLC now owns 5,067 shares of the oil and gas development company’s stock valued at $666,000 after purchasing an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 87.26% 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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