Equities analysts predict that Pioneer Natural Resources (NYSE:PXD) will report $1.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Pioneer Natural Resources’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $2.21. Pioneer Natural Resources posted earnings of $1.66 per share during the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The firm is scheduled to report its next earnings report after the market closes on Monday, May 6th.
On average, analysts expect that Pioneer Natural Resources will report full year earnings of $7.62 per share for the current financial year, with EPS estimates ranging from $5.18 to $10.21. For the next financial year, analysts forecast that the company will post earnings of $9.28 per share, with EPS estimates ranging from $6.45 to $13.24. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.30). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.31 billion. Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The firm’s quarterly revenue was up 75.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 earnings per share.
Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC bought a new stake in Pioneer Natural Resources in the 4th quarter valued at about $31,000. Executive Wealth Management LLC purchased a new position in Pioneer Natural Resources in the fourth quarter valued at approximately $38,000. JOYN Advisors Inc. lifted its stake in Pioneer Natural Resources by 73.8% in the fourth quarter. JOYN Advisors Inc. now owns 358 shares of the oil and gas development company’s stock valued at $47,000 after purchasing an additional 152 shares during the last quarter. Captrust Financial Advisors lifted its stake in Pioneer Natural Resources by 72.0% in the fourth quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock valued at $48,000 after purchasing an additional 152 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in Pioneer Natural Resources in the fourth quarter valued at approximately $58,000. 89.15% of the stock is currently owned by institutional investors.
PXD traded up $1.83 during midday trading on Friday, hitting $147.89. 32,275 shares of the company were exchanged, compared to its average volume of 1,828,952. The company has a market capitalization of $24.95 billion, a PE ratio of 23.34, a PEG ratio of 1.89 and a beta of 0.99. Pioneer Natural Resources has a 1-year low of $119.08 and a 1-year high of $213.40. The company has a current ratio of 1.42, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a $0.32 dividend. This represents a dividend yield of 0.45%. This is an increase from Pioneer Natural Resources’s previous semiannual dividend of $0.16. The ex-dividend date is Thursday, March 28th. Pioneer Natural Resources’s payout ratio is currently 10.14%.
Pioneer Natural Resources declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 13th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the oil and gas development company to purchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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