Pioneer Natural Resources Company (NYSE:PXD) – Analysts at Seaport Global Securities raised their FY2017 earnings estimates for Pioneer Natural Resources in a research note issued to investors on Friday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas development company will earn $1.19 per share for the year, up from their prior estimate of $1.08. Seaport Global Securities also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.44 EPS.

Other equities analysts have also recently issued research reports about the stock. Scotiabank set a $210.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a research note on Friday, August 4th. Stifel Nicolaus set a $236.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Pioneer Natural Resources in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. Pioneer Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $200.16.

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Shares of Pioneer Natural Resources (NYSE:PXD) opened at 143.92 on Monday. The stock has a market cap of $24.48 billion, a P/E ratio of 145.23 and a beta of 0.94. The firm has a 50 day moving average of $140.52 and a 200 day moving average of $157.21. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a net margin of 3.10% and a return on equity of 1.79%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. The company’s revenue for the quarter was up 107.4% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 8.16%.

In other Pioneer Natural Resources news, Director J Kenneth Thompson bought 750 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the purchase, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Teresa A. Fairbrook sold 880 shares of Pioneer Natural Resources stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $130.49, for a total transaction of $114,831.20. Following the completion of the sale, the vice president now owns 7,648 shares of the company’s stock, valued at $997,987.52. The disclosure for this sale can be found here. Insiders acquired 1,200 shares of company stock valued at $161,102 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. GWM Advisors LLC acquired a new stake in Pioneer Natural Resources in the second quarter valued at approximately $100,000. Commonwealth Bank of Australia lifted its stake in Pioneer Natural Resources by 10.8% in the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock valued at $108,000 after acquiring an additional 67 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Pioneer Natural Resources in the second quarter valued at approximately $120,000. Oppenheimer Asset Management Inc. acquired a new stake in Pioneer Natural Resources in the first quarter valued at approximately $172,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Pioneer Natural Resources in the first quarter valued at approximately $195,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

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.

Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

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