Pioneer Natural Resources (NYSE:PXD) – Equities researchers at Seaport Global Securities increased their Q3 2019 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a note issued to investors on Thursday, May 23rd, Zacks Investment Research reports. Seaport Global Securities analyst J. Aschenbeck now anticipates that the oil and gas development company will earn $2.89 per share for the quarter, up from their previous estimate of $2.45. Seaport Global Securities also issued estimates for Pioneer Natural Resources’ Q4 2019 earnings at $2.92 EPS, FY2019 earnings at $10.02 EPS, Q1 2020 earnings at $2.83 EPS, Q2 2020 earnings at $2.99 EPS, Q3 2020 earnings at $3.11 EPS, Q4 2020 earnings at $3.16 EPS and FY2020 earnings at $12.09 EPS.
Several other equities analysts have also recently weighed in on the company. Morgan Stanley raised their price objective on Pioneer Natural Resources from $184.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. S&P Equity Research restated an “overweight” rating and issued a $205.00 price objective (up previously from $185.00) on shares of Pioneer Natural Resources in a report on Wednesday, May 8th. Imperial Capital decreased their price objective on Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. ValuEngine cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, TheStreet upgraded shares of Pioneer Natural Resources from a “c+” rating to a “b-” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus target price of $205.51.
Shares of NYSE PXD traded down $1.35 during mid-day trading on Monday, hitting $148.44. The company had a trading volume of 996,685 shares, compared to its average volume of 1,887,907. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 0.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.89. Pioneer Natural Resources has a one year low of $119.08 and a one year high of $195.00.
Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.22. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Pioneer Natural Resources had a return on equity of 9.31% and a net margin of 11.89%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS.
Several large investors have recently bought and sold shares of PXD. Motco increased its position in shares of Pioneer Natural Resources by 2,542.9% during the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after acquiring an additional 178 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Pioneer Natural Resources by 224.6% during the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Lindbrook Capital LLC bought a new stake in Pioneer Natural Resources in the 4th quarter worth about $31,000. Executive Wealth Management LLC bought a new stake in Pioneer Natural Resources in the 4th quarter worth about $38,000. Finally, Canton Hathaway LLC bought a new stake in Pioneer Natural Resources in the 1st quarter worth about $38,000. 87.82% of the stock is owned by institutional investors.
In other news, CAO Margaret Montemayor sold 888 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a document filed with the SEC. 0.91% of the stock is currently owned by corporate insiders.
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.