Pioneer Natural Resources Company (NYSE:PXD) – Equities researchers at Imperial Capital increased their Q1 2018 EPS estimates for Pioneer Natural Resources in a research report issued to clients and investors on Friday, according to Zacks Investment Research. Imperial Capital analyst I. Haas now anticipates that the oil and gas development company will post earnings per share of $0.53 for the quarter, up from their prior estimate of $0.41. Imperial Capital currently has a “Outperform” rating and a $160.00 target price on the stock. Imperial Capital also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.79 EPS and FY2018 earnings at $2.57 EPS.
A number of other research analysts also recently commented on PXD. Stifel Nicolaus set a $236.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $214.00 target price on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Friday, November 10th. Mizuho reiterated a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday, September 29th. Finally, Citigroup Inc. lowered their target price on Pioneer Natural Resources from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $194.07.
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Pioneer Natural Resources (NYSE:PXD) traded down $4.11 during mid-day trading on Monday, reaching $152.81. The company’s stock had a trading volume of 1,859,800 shares, compared to its average volume of 1,891,512. 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. The company has a market cap of $26,702.34, a P/E ratio of 109.73, a price-to-earnings-growth ratio of 10.97 and a beta of 0.96.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of PXD. Oppenheimer Asset Management Inc. bought a new stake in Pioneer Natural Resources during the first quarter valued at about $172,000. Achmea Investment Management B.V. acquired a new stake in Pioneer Natural Resources in the first quarter worth about $1,107,000. Public Employees Retirement System of Ohio boosted its holdings in Pioneer Natural Resources by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 169,761 shares of the oil and gas development company’s stock worth $31,615,000 after acquiring an additional 1,071 shares in the last quarter. Pointe Capital Management LLC acquired a new stake in Pioneer Natural Resources in the first quarter worth about $578,000. Finally, UBS Oconnor LLC acquired a new stake in Pioneer Natural Resources in the first quarter worth about $2,980,000. 91.41% of the stock is currently owned by institutional investors.
In related news, VP Teresa A. Fairbrook sold 880 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $130.49, for a total transaction of $114,831.20. Following the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth H. Sheffield, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $157.57, for a total value of $512,102.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,690 shares of company stock worth $2,647,483. Insiders own 0.89% of the company’s stock.
Pioneer Natural Resources Company Profile
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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