Pioneer Natural Resources (NYSE:PXD) to Post FY2019 Earnings of $8.00 Per Share, Capital One Financial Forecasts

Pioneer Natural Resources (NYSE:PXD) – Investment analysts at Capital One Financial dropped their FY2019 earnings per share estimates for Pioneer Natural Resources in a research report issued to clients and investors on Wednesday, January 22nd. Capital One Financial analyst P. Johnston now forecasts that the oil and gas development company will earn $8.00 per share for the year, down from their prior forecast of $8.07. Capital One Financial also issued estimates for Pioneer Natural Resources’ Q4 2019 earnings at $2.16 EPS.

Several other research firms have also recently commented on PXD. Scotiabank initiated coverage on shares of Pioneer Natural Resources in a research report on Tuesday, November 12th. They issued a “sector perform” rating and a $154.00 target price for the company. Wells Fargo & Co decreased their target price on shares of Pioneer Natural Resources from $197.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. ValuEngine upgraded shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Raymond James decreased their target price on shares of Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 17th. Finally, Williams Capital restated a “buy” rating and issued a $190.00 target price on shares of Pioneer Natural Resources in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $178.78.

Shares of NYSE:PXD opened at $140.43 on Friday. Pioneer Natural Resources has a fifty-two week low of $114.79 and a fifty-two week high of $178.22. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The company has a market cap of $23.96 billion, a PE ratio of 32.51, a P/E/G ratio of 0.89 and a beta of 1.27. The firm has a 50-day simple moving average of $146.52 and a 200 day simple moving average of $134.48.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company earned $2.07 EPS. Pioneer Natural Resources’s quarterly revenue was down 6.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, December 30th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 27.89%.

In other news, EVP Jerome D. Hall, Jr. sold 1,750 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $144.26, for a total value of $252,455.00. Following the completion of the transaction, the executive vice president now directly owns 39,885 shares in the company, valued at $5,753,810.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher M. Paulsen sold 1,623 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $144.31, for a total transaction of $234,215.13. Following the completion of the transaction, the vice president now owns 9,848 shares of the company’s stock, valued at $1,421,164.88. The disclosure for this sale can be found here. Insiders sold 8,323 shares of company stock valued at $1,173,258 over the last quarter. Insiders own 0.91% of the company’s stock.

Several institutional investors have recently bought and sold shares of PXD. Man Group plc boosted its holdings in shares of Pioneer Natural Resources by 30.8% in the second quarter. Man Group plc now owns 38,132 shares of the oil and gas development company’s stock valued at $5,867,000 after acquiring an additional 8,988 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Pioneer Natural Resources in the second quarter valued at approximately $431,000. Morgan Stanley lifted its stake in Pioneer Natural Resources by 28.2% during the second quarter. Morgan Stanley now owns 549,548 shares of the oil and gas development company’s stock valued at $84,553,000 after purchasing an additional 120,920 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Pioneer Natural Resources by 72.7% during the second quarter. Victory Capital Management Inc. now owns 35,841 shares of the oil and gas development company’s stock valued at $5,514,000 after purchasing an additional 15,089 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Pioneer Natural Resources by 1,105.9% during the second quarter. Nuveen Asset Management LLC now owns 820,509 shares of the oil and gas development company’s stock valued at $126,243,000 after purchasing an additional 752,470 shares during the last quarter. Institutional investors and hedge funds own 87.04% 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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