Pioneer Natural Resources (NYSE:PXD) – Stock analysts at Seaport Global Securities lifted their Q2 2019 earnings per share estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Thursday, May 23rd. Seaport Global Securities analyst J. Aschenbeck now expects that the oil and gas development company will post earnings of $2.37 per share for the quarter, up from their previous estimate of $2.19.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.22. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share.

A number of other analysts have also recently weighed in on PXD. Morgan Stanley raised their price objective on shares of Pioneer Natural Resources from $184.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. ValuEngine raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. S&P Equity Research reissued an “overweight” rating and set a $205.00 price objective (up previously from $185.00) on shares of Pioneer Natural Resources in a report on Wednesday, May 8th. Goldman Sachs Group cut shares of Pioneer Natural Resources to a “buy” rating in a report on Friday, April 12th. Finally, Macquarie raised shares of Pioneer Natural Resources from a “neutral” rating to an “outperform” rating and set a $168.32 price objective on the stock in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $205.68.

PXD stock opened at $147.00 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. Pioneer Natural Resources has a twelve month low of $119.08 and a twelve month high of $201.63. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 0.96 and a beta of 1.02.

In other news, CAO Margaret Montemayor sold 888 shares of the firm’s stock in a transaction that occurred on 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, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Samlyn Capital LLC grew its position in shares of Pioneer Natural Resources by 40.1% during the fourth quarter. Samlyn Capital LLC now owns 204,408 shares of the oil and gas development company’s stock worth $26,883,000 after acquiring an additional 58,467 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in Pioneer Natural Resources in the 1st quarter valued at $206,000. Suntrust Banks Inc. grew its position in Pioneer Natural Resources by 880.8% in the 4th quarter. Suntrust Banks Inc. now owns 39,643 shares of the oil and gas development company’s stock valued at $5,214,000 after buying an additional 35,601 shares during the last quarter. Empire Life Investments Inc. grew its position in Pioneer Natural Resources by 11.5% in the 1st quarter. Empire Life Investments Inc. now owns 104,251 shares of the oil and gas development company’s stock valued at $15,875,000 after buying an additional 10,722 shares during the last quarter. Finally, S&CO Inc. grew its position in Pioneer Natural Resources by 4.7% in the 1st quarter. S&CO Inc. now owns 124,818 shares of the oil and gas development company’s stock valued at $19,007,000 after buying an additional 5,580 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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

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