Pioneer Natural Resources (NYSE:PXD) – Analysts at Seaport Global Securities upped their Q2 2018 EPS estimates for Pioneer Natural Resources in a research report issued to clients and investors on Monday, July 2nd. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas development company will post earnings per share of $1.36 for the quarter, up from their prior forecast of $1.23. Seaport Global Securities also issued estimates for Pioneer Natural Resources’ Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.86 EPS, FY2018 earnings at $6.45 EPS and FY2019 earnings at $10.76 EPS.
Get Pioneer Natural Resources alerts:Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.16. Pioneer Natural Resources had a return on equity of 5.57% and a net margin of 15.56%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 56.5% on a year-over-year basis.
Other equities analysts have also recently issued research reports about the company. MED boosted their target price on Pioneer Natural Resources from $220.00 to $223.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $235.00 target price on shares of Pioneer Natural Resources in a research report on Monday, March 19th. UBS Group began coverage on Pioneer Natural Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $215.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and set a $260.00 target price on shares of Pioneer Natural Resources in a research report on Wednesday, April 11th. Finally, Stifel Nicolaus set a $313.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average target price of $220.59.
NYSE PXD opened at $186.19 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.26. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $213.40. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 86.20, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.
In related news, Director J Kenneth Thompson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $212.17, for a total value of $212,170.00. Following the sale, the director now owns 12,236 shares of the company’s stock, valued at approximately $2,596,112.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Larry R. Grillot sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $191.13, for a total value of $38,226.00. Following the completion of the sale, the director now directly owns 8,061 shares in the company, valued at approximately $1,540,698.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,265 shares of company stock worth $14,990,928. 0.92% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. lifted its stake in Pioneer Natural Resources by 1.1% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 26,728 shares of the oil and gas development company’s stock valued at $4,591,000 after buying an additional 300 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Pioneer Natural Resources by 14.3% during the 1st quarter. Private Advisor Group LLC now owns 2,519 shares of the oil and gas development company’s stock worth $433,000 after purchasing an additional 316 shares during the period. Thornburg Investment Management Inc. lifted its stake in shares of Pioneer Natural Resources by 0.5% during the 1st quarter. Thornburg Investment Management Inc. now owns 67,189 shares of the oil and gas development company’s stock worth $11,542,000 after purchasing an additional 330 shares during the period. Neuburgh Advisers LLC lifted its stake in shares of Pioneer Natural Resources by 7.8% during the 1st quarter. Neuburgh Advisers LLC now owns 4,640 shares of the oil and gas development company’s stock worth $797,000 after purchasing an additional 336 shares during the period. Finally, Covington Capital Management lifted its stake in shares of Pioneer Natural Resources by 6.9% during the 1st quarter. Covington Capital Management now owns 5,501 shares of the oil and gas development company’s stock worth $945,000 after purchasing an additional 356 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
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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