Somewhat Favorable News Coverage Somewhat Unlikely to Impact Pioneer Natural Resources (NYSE:PXD) Stock Price

Press coverage about Pioneer Natural Resources (NYSE:PXD) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pioneer Natural Resources earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the oil and gas development company an impact score of 46.0900187369152 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

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PXD traded down $2.70 during trading hours on Wednesday, reaching $166.76. The company’s stock had a trading volume of 262,320 shares, compared to its average volume of 1,601,508. Pioneer Natural Resources has a 52 week low of $125.46 and a 52 week high of $192.93. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $28,424.91, a PE ratio of 78.45, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.63. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 48.4% on a year-over-year basis. equities analysts forecast that Pioneer Natural Resources will post 6.3 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.16 per share. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 14.81%.

Pioneer Natural Resources declared that its board has authorized a stock repurchase program on Tuesday, February 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of equities analysts have weighed in on PXD shares. Cowen set a $225.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday, January 18th. SunTrust Banks downgraded Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Tuesday, February 6th. Piper Jaffray set a $226.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday, February 9th. UBS started coverage on Pioneer Natural Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $215.00 price target for the company. Finally, B. Riley started coverage on Pioneer Natural Resources in a research report on Monday, February 5th. They set a “buy” rating and a $305.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $212.45.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 1,410 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $179.33, for a total transaction of $252,855.30. Following the transaction, the chief accounting officer now owns 7,586 shares in the company, valued at approximately $1,360,397.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Teresa A. Fairbrook sold 2,134 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $180.00, for a total value of $384,120.00. Following the transaction, the vice president now owns 10,284 shares in the company, valued at approximately $1,851,120. The disclosure for this sale can be found here. Insiders have sold a total of 18,207 shares of company stock worth $3,219,653 in the last quarter. Company insiders own 0.89% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Pioneer Natural Resources (NYSE:PXD)

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