Analysts predict that Pioneer Natural Resources (NYSE:PXD) will post $2.19 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Pioneer Natural Resources’ earnings, with estimates ranging from $2.06 billion to $2.35 billion. Pioneer Natural Resources posted sales of $2.15 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The business is scheduled to issue its next earnings results after the market closes on Monday, May 6th.
On average, analysts expect that Pioneer Natural Resources will report full year sales of $9.30 billion for the current financial year, with estimates ranging from $8.17 billion to $10.00 billion. For the next fiscal year, analysts forecast that the company will report sales of $10.92 billion, with estimates ranging from $9.88 billion to $11.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, February 13th. The oil and gas development company reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.30). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.31 billion. Pioneer Natural Resources had a return on equity of 9.25% and a net margin of 10.40%. The company’s revenue for the quarter was up 75.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share.
Shares of NYSE PXD traded up $1.81 during mid-day trading on Monday, reaching $147.87. The company had a trading volume of 580,361 shares, compared to its average volume of 1,828,952. 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 stock has a market cap of $24.95 billion, a PE ratio of 23.43, a PEG ratio of 1.89 and a beta of 0.99. Pioneer Natural Resources has a 52 week low of $119.08 and a 52 week high of $213.40.
Pioneer Natural Resources announced that its board has authorized a share repurchase plan on Thursday, December 13th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to purchase up to 8.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
The company also recently declared a semiannual dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a $0.32 dividend. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.16. This represents a dividend yield of 0.45%. The ex-dividend date is Thursday, March 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 10.14%.
Several large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC purchased a new position in shares of Pioneer Natural Resources in the 4th quarter valued at approximately $31,000. Executive Wealth Management LLC purchased a new position in shares of Pioneer Natural Resources in the 4th quarter valued at approximately $38,000. JOYN Advisors Inc. raised its position in shares of Pioneer Natural Resources by 73.8% in the 4th 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 raised its position in shares of Pioneer Natural Resources by 72.0% in the 4th 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 shares of Pioneer Natural Resources in the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds own 89.15% 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.
Featured Article: What is a Call Option?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.