Q2 2020 EPS Estimates for Pioneer Natural Resources Lifted by US Capital Advisors (PXD)

Pioneer Natural Resources (NYSE:PXD) – Stock analysts at US Capital Advisors boosted their Q2 2020 earnings per share (EPS) estimates for Pioneer Natural Resources in a research note issued to investors on Monday, May 20th. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas development company will post earnings per share of $3.55 for the quarter, up from their prior estimate of $3.19.

PXD has been the topic of several other research reports. Imperial Capital set a $198.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, February 8th. Goldman Sachs Group downgraded Pioneer Natural Resources to a “buy” rating in a report on Friday, April 12th. Raymond James set a $250.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Morgan Stanley set a $185.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, Macquarie upgraded shares of Pioneer Natural Resources from a “neutral” rating to an “outperform” rating and set a $168.32 price objective on the stock in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $206.30.

Shares of PXD stock opened at $153.15 on Wednesday. Pioneer Natural Resources has a 12 month low of $119.08 and a 12 month high of $201.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 0.96 and a beta of 1.02.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS 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 company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year.

In other Pioneer Natural Resources news, CAO Margaret Montemayor sold 888 shares of Pioneer Natural Resources stock in a transaction on Friday, May 10th. The shares were sold at an average price of $153.38, for a total transaction of $136,201.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PXD. Rehmann Capital Advisory Group lifted its holdings in shares of Pioneer Natural Resources by 172.1% during the first quarter. Rehmann Capital Advisory Group now owns 1,562 shares of the oil and gas development company’s stock valued at $238,000 after acquiring an additional 988 shares during the period. Cerebellum GP LLC bought a new position in shares of Pioneer Natural Resources during the first quarter valued at $232,000. Allstate Corp lifted its holdings in shares of Pioneer Natural Resources by 105.8% during the first quarter. Allstate Corp now owns 4,378 shares of the oil and gas development company’s stock valued at $667,000 after acquiring an additional 2,251 shares during the period. Coe Capital Management LLC lifted its holdings in shares of Pioneer Natural Resources by 5.2% during the first quarter. Coe Capital Management LLC now owns 7,880 shares of the oil and gas development company’s stock valued at $1,200,000 after acquiring an additional 393 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in shares of Pioneer Natural Resources by 455.3% during the first quarter. Advisory Services Network LLC now owns 2,210 shares of the oil and gas development company’s stock valued at $337,000 after acquiring an additional 1,812 shares during the period. Hedge funds and other institutional investors own 89.22% 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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Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

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