Pioneer Natural Resources Company (NYSE:PXD) – Research analysts at US Capital Advisors boosted their FY2017 earnings estimates for shares of Pioneer Natural Resources in a report released on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas development company will post earnings of $1.85 per share for the year, up from their prior estimate of $1.24. US Capital Advisors also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.91 EPS, Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $1.06 EPS and FY2018 earnings at $4.27 EPS.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/11/23/us-capital-advisors-weighs-in-on-pioneer-natural-resources-companys-fy2017-earnings-pxd.html.
PXD has been the subject of a number of other research reports. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Wednesday, October 11th. Jefferies Group LLC set a $171.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Barclays PLC upped their price target on shares of Pioneer Natural Resources from $136.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Finally, Cowen and Company reissued a “buy” rating and set a $210.00 target price on shares of Pioneer Natural Resources in a research report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus price target of $194.45.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at $154.08 on Thursday. The stock has a market capitalization of $25,904.26, a price-to-earnings ratio of 106.46, a PEG ratio of 10.35 and a beta of 0.96. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22.
In other news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy L. Dove sold 5,560 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total transaction of $893,269.60. Following the sale, the chief executive officer now directly owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,490 shares of company stock valued at $2,926,897. Company insiders own 0.89% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Pioneer Natural Resources by 2.5% during the second quarter. Vanguard Group Inc. now owns 12,123,810 shares of the oil and gas development company’s stock worth $1,934,718,000 after buying an additional 295,861 shares in the last quarter. Capital World Investors increased its holdings in shares of Pioneer Natural Resources by 45.4% during the second quarter. Capital World Investors now owns 8,005,002 shares of the oil and gas development company’s stock worth $1,277,438,000 after buying an additional 2,500,000 shares in the last quarter. Carmignac Gestion increased its holdings in shares of Pioneer Natural Resources by 10.7% in the second quarter. Carmignac Gestion now owns 3,028,974 shares of the oil and gas development company’s stock valued at $483,364,000 after purchasing an additional 292,612 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Pioneer Natural Resources by 20.2% in the third quarter. American Century Companies Inc. now owns 2,286,903 shares of the oil and gas development company’s stock valued at $337,410,000 after purchasing an additional 384,485 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Pioneer Natural Resources by 48.5% in the second quarter. Boston Partners now owns 2,192,806 shares of the oil and gas development company’s stock valued at $349,928,000 after purchasing an additional 716,266 shares in the last quarter. 89.53% of the stock is owned by institutional investors.
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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