Pioneer Natural Resources (NYSE:PXD) – Equities researchers at SunTrust Banks raised their FY2019 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research report issued on Wednesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas development company will post earnings of $7.06 per share for the year, up from their prior forecast of $5.91. SunTrust Banks has a “Hold” rating and a $180.00 price target on the stock.

A number of other equities analysts have also recently issued reports on PXD. National Alliance Securities upgraded Pioneer Natural Resources from a “hold” rating to a “buy” rating in a report on Monday. Citigroup increased their target price on Pioneer Natural Resources from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Group reiterated a “buy” rating and issued a $238.00 target price on shares of Pioneer Natural Resources in a report on Thursday, February 8th. Imperial Capital increased their target price on Pioneer Natural Resources from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Piper Jaffray Companies set a $226.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $211.03.

Shares of Pioneer Natural Resources (NYSE:PXD) traded up $1.05 on Monday, hitting $172.08. The company had a trading volume of 899,828 shares, compared to its average volume of 1,885,198. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. 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 company has a market cap of $29,050.00, a PE ratio of 35.14, a P/E/G ratio of 2.84 and a beta of 0.92.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.63. Pioneer Natural Resources had a return on equity of 24.39% and a net margin of 37.63%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $0.49 EPS. Pioneer Natural Resources’s quarterly revenue was up 48.4% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the company. WFG Advisors LP increased its position in shares of Pioneer Natural Resources by 10.2% during the 2nd quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock valued at $176,000 after purchasing an additional 102 shares during the last quarter. Atlantic Trust LLC increased its position in shares of Pioneer Natural Resources by 7.9% during the 2nd quarter. Atlantic Trust LLC now owns 2,110 shares of the oil and gas development company’s stock valued at $337,000 after purchasing an additional 155 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Pioneer Natural Resources by 22.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,472 shares of the oil and gas development company’s stock worth $254,000 after acquiring an additional 273 shares during the last quarter. Cobiz Wealth LLC increased its holdings in Pioneer Natural Resources by 0.8% in the 4th quarter. Cobiz Wealth LLC now owns 33,971 shares of the oil and gas development company’s stock worth $5,872,000 after acquiring an additional 276 shares during the last quarter. Finally, E&G Advisors LP increased its holdings in Pioneer Natural Resources by 5.7% in the 4th quarter. E&G Advisors LP now owns 5,600 shares of the oil and gas development company’s stock worth $968,000 after acquiring an additional 300 shares during the last quarter. 90.58% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Mark H. Kleinman sold 2,582 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the sale, the senior vice president now directly owns 12,861 shares of the company’s stock, valued at approximately $2,036,796.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Chris J. Cheatwood sold 2,201 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $167.82, for a total value of $369,371.82. Following the sale, the executive vice president now directly owns 42,909 shares of the company’s stock, valued at $7,200,988.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,306 shares of company stock valued at $4,164,925. Insiders own 0.89% of the company’s stock.

Pioneer Natural Resources announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, March 28th. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 1.63%.

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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.

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

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