Pioneer Natural Resources (NYSE:PXD) – Equities research analysts at Mitsubishi UFJ Financial Group lifted their Q3 2018 earnings estimates for Pioneer Natural Resources in a research note issued on Thursday, August 9th. Mitsubishi UFJ Financial Group analyst M. Mcallister now expects that the oil and gas development company will earn $2.66 per share for the quarter, up from their previous estimate of $2.02. Mitsubishi UFJ Financial Group also issued estimates for Pioneer Natural Resources’ FY2018 earnings at $7.58 EPS, Q1 2019 earnings at $2.33 EPS, Q2 2019 earnings at $2.40 EPS, Q3 2019 earnings at $2.54 EPS, Q4 2019 earnings at $2.61 EPS, FY2019 earnings at $9.88 EPS, Q1 2020 earnings at $2.74 EPS, Q2 2020 earnings at $2.78 EPS and FY2020 earnings at $11.37 EPS.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, August 7th. The oil and gas development company reported $1.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.08). The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Pioneer Natural Resources had a return on equity of 7.29% and a net margin of 12.23%.
Pioneer Natural Resources opened at $186.14 on Monday, Marketbeat Ratings reports. The firm has a market cap of $31.64 billion, a PE ratio of 86.18, a PEG ratio of 1.91 and a beta of 0.88. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $213.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.16.
In related news, SVP Frank E. Hopkins sold 893 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $206.61, for a total value of $184,502.73. Following the completion of the sale, the senior vice president now directly owns 36,531 shares of the company’s stock, valued at $7,547,669.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mark H. Kleinman sold 1,025 shares of the business’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $210.02, for a total transaction of $215,270.50. Following the completion of the sale, the senior vice president now directly owns 15,106 shares of the company’s stock, valued at $3,172,562.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,296 shares of company stock valued at $3,652,624. 0.92% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Summit Trail Advisors LLC raised its holdings in shares of Pioneer Natural Resources by 28,826.7% in the first quarter. Summit Trail Advisors LLC now owns 126,699 shares of the oil and gas development company’s stock valued at $127,000 after buying an additional 126,261 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Pioneer Natural Resources in the second quarter valued at about $127,000. NuWave Investment Management LLC purchased a new stake in shares of Pioneer Natural Resources in the first quarter valued at about $177,000. Intact Investment Management Inc. purchased a new stake in shares of Pioneer Natural Resources in the first quarter valued at about $206,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new stake in shares of Pioneer Natural Resources in the second quarter valued at about $207,000. 87.87% of the stock is owned by institutional investors and hedge funds.
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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