Wall Street brokerages expect Pioneer Natural Resources Company (NYSE:PXD) to report earnings of $0.20 per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Pioneer Natural Resources Company’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.43. Pioneer Natural Resources Company reported earnings per share of ($0.22) in the same quarter last year, which would suggest a positive year over year growth rate of 190.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, August 1st.
On average, analysts expect that Pioneer Natural Resources Company will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $2.50. For the next financial year, analysts expect that the company will post earnings of $3.83 per share, with EPS estimates ranging from $2.13 to $6.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Pioneer Natural Resources Company.
Pioneer Natural Resources Company (NYSE:PXD) last announced its earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. Pioneer Natural Resources Company had a negative net margin of 7.20% and a positive return on equity of 1.08%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted ($0.64) EPS. The firm’s quarterly revenue was up 114.3% on a year-over-year basis.
Several analysts have weighed in on the company. Zacks Investment Research lowered Pioneer Natural Resources Company from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $267.00 price objective on shares of Pioneer Natural Resources Company in a research note on Wednesday, April 12th. Scotiabank reaffirmed a “buy” rating and set a $250.00 price objective on shares of Pioneer Natural Resources Company in a research note on Thursday, March 16th. Jefferies Group LLC set a $245.00 price objective on Pioneer Natural Resources Company and gave the company a “buy” rating in a research note on Monday, March 20th. Finally, Mizuho raised Pioneer Natural Resources Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 21st. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $216.50.
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In other news, EVP Chris J. Cheatwood sold 5,749 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $173.79, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Coconut Grove Bank increased its position in Pioneer Natural Resources Company by 103.7% in the first quarter. Coconut Grove Bank now owns 552 shares of the oil and gas development company’s stock worth $103,000 after buying an additional 281 shares during the period. Quadrant Capital Group LLC increased its position in Pioneer Natural Resources Company by 6.2% in the first quarter. Quadrant Capital Group LLC now owns 615 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 36 shares during the period. Winch Advisory Services LLC bought a new stake in shares of Pioneer Natural Resources Company during the first quarter valued at approximately $112,000. LBA Wealth Management LLC increased its stake in shares of Pioneer Natural Resources Company by 44.2% in the fourth quarter. LBA Wealth Management LLC now owns 750 shares of the oil and gas development company’s stock valued at $135,000 after buying an additional 230 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Pioneer Natural Resources Company by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
Shares of Pioneer Natural Resources Company (PXD) traded up 0.49% during midday trading on Wednesday, reaching $158.79. 2,575,929 shares of the company’s stock traded hands. Pioneer Natural Resources Company has a 52 week low of $146.08 and a 52 week high of $199.83. The company’s market capitalization is $27.01 billion. The stock’s 50 day moving average is $169.23 and its 200-day moving average is $181.00.
About Pioneer Natural Resources Company
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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