Q2 2019 Earnings Estimate for Pioneer Natural Resources (PXD) Issued By Mitsubishi UFJ Financial Group

Pioneer Natural Resources (NYSE:PXD) – Research analysts at Mitsubishi UFJ Financial Group upped their Q2 2019 earnings estimates for Pioneer Natural Resources in a note issued to investors on Wednesday, May 8th. Mitsubishi UFJ Financial Group analyst M. Mcallister now forecasts that the oil and gas development company will post earnings of $2.12 per share for the quarter, up from their prior estimate of $1.80. Mitsubishi UFJ Financial Group currently has a “Overweight” rating and a $192.00 price objective on the stock. Mitsubishi UFJ Financial Group also issued estimates for Pioneer Natural Resources’ Q3 2019 earnings at $2.27 EPS, Q4 2019 earnings at $2.43 EPS, FY2019 earnings at $8.65 EPS, Q1 2020 earnings at $2.46 EPS, Q2 2020 earnings at $2.52 EPS, Q3 2020 earnings at $2.57 EPS, Q4 2020 earnings at $2.74 EPS and FY2020 earnings at $10.29 EPS.

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

Several other equities analysts also recently weighed in on PXD. ValuEngine upgraded Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Imperial Capital reduced their price target on Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. S&P Equity Research restated an “overweight” rating and set a $205.00 price target (up from $185.00) on shares of Pioneer Natural Resources in a report on Wednesday, May 8th. TheStreet upgraded Pioneer Natural Resources from a “c+” rating to a “b-” rating in a report on Friday, April 26th. Finally, Goldman Sachs Group downgraded Pioneer Natural Resources to a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus price target of $206.26.

Shares of NYSE:PXD opened at $151.65 on Monday. Pioneer Natural Resources has a 1-year low of $119.08 and a 1-year high of $213.40. The company has a quick ratio of 1.29, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. The firm has a market cap of $25.85 billion, a PE ratio of 24.03, a P/E/G ratio of 0.98 and a beta of 1.02.

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Pioneer Natural Resources by 0.8% in the first quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock worth $1,101,000 after purchasing an additional 59 shares during the last quarter. Avestar Capital LLC boosted its position in Pioneer Natural Resources by 15.6% in the first quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock worth $55,000 after purchasing an additional 67 shares during the last quarter. Kaizen Advisory LLC boosted its position in Pioneer Natural Resources by 21.6% in the fourth quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock worth $60,000 after purchasing an additional 81 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its position in Pioneer Natural Resources by 11.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 830 shares of the oil and gas development company’s stock worth $109,000 after purchasing an additional 86 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in Pioneer Natural Resources by 5.1% in the fourth quarter. First Allied Advisory Services Inc. now owns 1,989 shares of the oil and gas development company’s stock worth $259,000 after purchasing an additional 96 shares during the last quarter. 88.94% of the stock is currently owned by institutional investors.

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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