Equities research analysts expect that Pioneer Natural Resources (NYSE:PXD) will announce earnings per share of $1.43 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Pioneer Natural Resources’ earnings, with the highest EPS estimate coming in at $1.80 and the lowest estimate coming in at $0.96. Pioneer Natural Resources reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year over year growth rate of 472%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that Pioneer Natural Resources will report full-year earnings of $6.30 per share for the current fiscal year, with EPS estimates ranging from $4.07 to $8.76. For the next financial year, analysts anticipate that the business will post earnings of $8.44 per share, with EPS estimates ranging from $6.59 to $12.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.63. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue was up 48.4% on a year-over-year basis.
In related news, Director Scott D. Sheffield sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $170.93, for a total value of $341,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Chris J. Cheatwood sold 9,513 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $175.93, for a total value of $1,673,622.09. Following the completion of the sale, the executive vice president now owns 42,931 shares of the company’s stock, valued at $7,552,850.83. The disclosure for this sale can be found here. In the last three months, insiders sold 18,207 shares of company stock valued at $3,219,653. 0.89% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its holdings in Pioneer Natural Resources by 22.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,472 shares of the oil and gas development company’s stock worth $254,000 after purchasing an additional 273 shares during the last quarter. Cobiz Wealth LLC lifted its holdings in shares of Pioneer Natural Resources by 0.8% during the fourth quarter. Cobiz Wealth LLC now owns 33,971 shares of the oil and gas development company’s stock worth $5,872,000 after buying an additional 276 shares during the last quarter. E&G Advisors LP lifted its holdings in shares of Pioneer Natural Resources by 5.7% during the fourth quarter. E&G Advisors LP now owns 5,600 shares of the oil and gas development company’s stock worth $968,000 after buying an additional 300 shares during the last quarter. Reliant Investment Management LLC lifted its holdings in shares of Pioneer Natural Resources by 1.5% during the fourth quarter. Reliant Investment Management LLC now owns 22,296 shares of the oil and gas development company’s stock worth $3,854,000 after buying an additional 325 shares during the last quarter. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its holdings in shares of Pioneer Natural Resources by 3.5% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 10,350 shares of the oil and gas development company’s stock worth $1,527,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 89.40% of the company’s stock.
Pioneer Natural Resources stock traded up $4.26 during midday trading on Monday, hitting $171.78. The company’s stock had a trading volume of 2,533,804 shares, compared to its average volume of 1,317,070. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $192.93. The stock has a market cap of $29,254.30, a PE ratio of 79.53, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96.
The company also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a $0.16 dividend. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date is Wednesday, March 28th. This represents a dividend yield of 0.18%. Pioneer Natural Resources’s payout ratio is presently 14.81%.
Pioneer Natural Resources announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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.
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