Analysts Anticipate Pioneer Natural Resources (NYSE:PXD) to Post $2.17 Earnings Per Share

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Wall Street brokerages forecast that Pioneer Natural Resources (NYSE:PXD) will post earnings per share (EPS) of $2.17 for the current quarter, Zacks reports. Seven analysts have provided estimates for Pioneer Natural Resources’ earnings, with estimates ranging from $1.65 to $3.46. Pioneer Natural Resources reported earnings per share of $1.18 during the same quarter last year, which would indicate a positive year over year growth rate of 83.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 12th.

According to Zacks, analysts expect that Pioneer Natural Resources will report full year earnings of $8.04 per share for the current financial year, with EPS estimates ranging from $7.49 to $9.30. For the next financial year, analysts forecast that the company will report earnings of $8.79 per share, with EPS estimates ranging from $6.79 to $11.93. Zacks’ EPS averages are an average based on a survey of research analysts that cover Pioneer Natural Resources.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Monday, November 4th. The oil and gas development company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.03). Pioneer Natural Resources had a net margin of 7.88% and a return on equity of 9.86%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm earned $2.07 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis.

Several equities research analysts have commented on the company. Scotiabank assumed coverage on Pioneer Natural Resources in a research note on Tuesday, November 12th. They set a “sector perform” rating and a $154.00 price objective for the company. Howard Weil assumed coverage on Pioneer Natural Resources in a research report on Wednesday, November 13th. They set a “sector perform” rating for the company. ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Raymond James decreased their price objective on Pioneer Natural Resources from $220.00 to $180.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 17th. Finally, Piper Jaffray Companies set a $202.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.65.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 1,200 shares of Pioneer Natural Resources stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $133.90, for a total transaction of $160,680.00. Also, EVP Mark Stephen Berg sold 2,000 shares of Pioneer Natural Resources stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $133.90, for a total value of $267,800.00. Insiders sold a total of 8,819 shares of company stock worth $1,217,107 in the last ninety days. 0.91% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Cetera Advisors LLC raised its position in shares of Pioneer Natural Resources by 6.0% during the 2nd quarter. Cetera Advisors LLC now owns 1,491 shares of the oil and gas development company’s stock worth $228,000 after purchasing an additional 84 shares during the period. Berman Capital Advisors LLC lifted its stake in Pioneer Natural Resources by 64.9% in the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 87 shares during the last quarter. BBVA USA Bancshares Inc. boosted its holdings in shares of Pioneer Natural Resources by 1.7% during the third quarter. BBVA USA Bancshares Inc. now owns 5,834 shares of the oil and gas development company’s stock valued at $733,000 after acquiring an additional 98 shares during the period. Foresters Asset Management Inc. boosted its holdings in shares of Pioneer Natural Resources by 35.7% during the second quarter. Foresters Asset Management Inc. now owns 380 shares of the oil and gas development company’s stock valued at $58,000 after acquiring an additional 100 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Pioneer Natural Resources by 6.9% during the third quarter. Cerity Partners LLC now owns 1,641 shares of the oil and gas development company’s stock worth $206,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.

Shares of PXD opened at $133.90 on Friday. The firm has a market cap of $22.18 billion, a P/E ratio of 21.22, a PEG ratio of 0.99 and a beta of 1.21. Pioneer Natural Resources has a 12 month low of $114.79 and a 12 month high of $178.22. The stock’s 50 day moving average is $129.98 and its two-hundred day moving average is $134.59. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, December 30th. Pioneer Natural Resources’s payout ratio is currently 13.95%.

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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