Pioneer Natural Resources (NYSE:PXD) – Analysts at Piper Jaffray Companies upped their Q1 2019 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Wednesday, May 1st. Piper Jaffray Companies analyst R. Todd now expects that the oil and gas development company will post earnings per share of $1.66 for the quarter, up from their previous forecast of $1.42. Piper Jaffray Companies also issued estimates for Pioneer Natural Resources’ Q3 2019 earnings at $2.69 EPS and Q4 2019 earnings at $2.70 EPS.
Other research analysts have also issued reports about the company. Barclays reissued a “buy” rating and set a $217.00 price target on shares of Pioneer Natural Resources in a report on Wednesday, April 10th. SunTrust Banks set a $205.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Tuesday, April 23rd. Wells Fargo & Co raised their price target on Pioneer Natural Resources from $191.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. TheStreet raised Pioneer Natural Resources from a “c+” rating to a “b-” rating in a report on Friday, April 26th. Finally, ValuEngine lowered Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $206.83.
Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.30). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.31 billion. Pioneer Natural Resources had a net margin of 10.40% and a return on equity of 9.25%. The business’s quarterly revenue was up 75.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 earnings per share.
Several large investors have recently added to or reduced their stakes in PXD. Motco boosted its position in shares of Pioneer Natural Resources by 2,542.9% in the 1st quarter. Motco now owns 185 shares of the oil and gas development company’s stock valued at $28,000 after purchasing an additional 178 shares during the period. Lindbrook Capital LLC purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter worth about $31,000. Executive Wealth Management LLC purchased a new stake in shares of Pioneer Natural Resources during the fourth quarter worth about $38,000. Canton Hathaway LLC purchased a new stake in shares of Pioneer Natural Resources during the first quarter worth about $38,000. Finally, JOYN Advisors Inc. boosted its holdings in shares of Pioneer Natural Resources by 73.8% during the fourth quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock worth $47,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 89.16% of the company’s stock.
The business also recently declared a semiannual dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.32 dividend. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.16. The ex-dividend date was Thursday, March 28th. This represents a dividend yield of 0.45%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 10.14%.
About Pioneer Natural Resources
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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