Pioneer Natural Resources (NYSE:PXD) – Analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for Pioneer Natural Resources in a research report issued to clients and investors on Wednesday. Jefferies Group analyst M. Lear now forecasts that the oil and gas development company will post earnings of $1.71 per share for the year, up from their previous forecast of $1.42. Jefferies Group has a “Buy” rating and a $192.00 price objective on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $1.01 EPS, Q2 2018 earnings at $1.02 EPS, Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $4.40 EPS, Q1 2019 earnings at $1.24 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.47 EPS and FY2019 earnings at $5.65 EPS.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. Pioneer Natural Resources’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share.
Shares of Pioneer Natural Resources (NYSE:PXD) opened at $171.12 on Monday. The stock has a market capitalization of $29,110.00, a P/E ratio of 234.41, a price-to-earnings-growth ratio of 10.48 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a fifty-two week low of $125.46 and a fifty-two week high of $199.83.
Several institutional investors have recently made changes to their positions in the stock. GWM Advisors LLC bought a new position in Pioneer Natural Resources in the second quarter worth about $100,000. Commonwealth Bank of Australia boosted its stake in shares of Pioneer Natural Resources by 10.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after purchasing an additional 67 shares during the period. WFG Advisors LP boosted its stake 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 worth $176,000 after purchasing an additional 102 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Pioneer Natural Resources during the 3rd quarter worth about $176,000. Finally, Sun Life Financial INC boosted its stake in shares of Pioneer Natural Resources by 7,229.4% during the 2nd quarter. Sun Life Financial INC now owns 1,246 shares of the oil and gas development company’s stock worth $199,000 after purchasing an additional 1,229 shares during the period. 90.69% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Richard P. Dealy sold 5,523 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $164.23, for a total transaction of $907,042.29. Following the completion of the sale, the chief financial officer now owns 76,297 shares in the company, valued at $12,530,256.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Timothy L. Dove sold 5,560 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $160.66, for a total value of $893,269.60. Following the sale, the chief executive officer now owns 260,083 shares of the company’s stock, valued at approximately $41,784,934.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,116 shares of company stock valued at $5,633,412. 0.89% of the stock is currently owned by corporate insiders.
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About Pioneer Natural Resources
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.
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