Equities research analysts forecast that Pioneer Natural Resources (NYSE:PXD) will report $2.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Pioneer Natural Resources’ earnings. The highest EPS estimate is $2.42 and the lowest is $1.59. Pioneer Natural Resources posted earnings per share of $2.07 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The business is expected to announce its next earnings report after the market closes on Monday, November 4th.
According to Zacks, analysts expect that Pioneer Natural Resources will report full-year earnings of $8.16 per share for the current year, with EPS estimates ranging from $7.46 to $9.17. For the next year, analysts expect that the company will post earnings of $9.02 per share, with EPS estimates ranging from $7.06 to $12.36. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.88 by $0.13. Pioneer Natural Resources had a net margin of 9.65% and a return on equity of 10.04%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company posted $1.41 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year.
NYSE PXD traded up $2.03 during trading hours on Monday, reaching $125.39. The company’s stock had a trading volume of 1,741,129 shares, compared to its average volume of 1,766,094. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $129.12 and a 200 day simple moving average of $141.12. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $178.22. The stock has a market cap of $21.34 billion, a PE ratio of 19.87, a PEG ratio of 0.73 and a beta of 1.14.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were paid a $0.44 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.76 annualized dividend and a dividend yield of 1.40%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.16. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 13.95%.
In related news, EVP Chris J. Cheatwood sold 5,619 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $140.35, for a total transaction of $788,626.65. Following the transaction, the executive vice president now owns 39,027 shares in the company, valued at $5,477,439.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson acquired 500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of $121.01 per share, for a total transaction of $60,505.00. Following the purchase, the director now directly owns 13,024 shares of the company’s stock, valued at $1,576,034.24. The disclosure for this purchase can be found here. 0.91% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Pioneer Natural Resources by 35.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,623,503 shares of the oil and gas development company’s stock worth $1,788,392,000 after buying an additional 3,032,727 shares during the last quarter. Primecap Management Co. CA grew its position in Pioneer Natural Resources by 203.6% in the second quarter. Primecap Management Co. CA now owns 4,150,495 shares of the oil and gas development company’s stock worth $638,595,000 after buying an additional 2,783,199 shares during the last quarter. BlackRock Inc. grew its position in Pioneer Natural Resources by 9.6% in the second quarter. BlackRock Inc. now owns 11,490,193 shares of the oil and gas development company’s stock worth $1,767,880,000 after buying an additional 1,008,677 shares during the last quarter. Nuveen Asset Management LLC grew its position in Pioneer Natural Resources by 1,105.9% in the second quarter. Nuveen Asset Management LLC now owns 820,509 shares of the oil and gas development company’s stock worth $126,243,000 after buying an additional 752,470 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Pioneer Natural Resources by 35.8% in the second quarter. CIBC Private Wealth Group LLC now owns 1,089,906 shares of the oil and gas development company’s stock worth $167,693,000 after buying an additional 287,381 shares during the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.
Pioneer Natural Resources Company Profile
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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