Pioneer Natural Resources Expected to Post Q2 2019 Earnings of $2.18 Per Share (PXD)

Pioneer Natural Resources (NYSE:PXD) – Analysts at Mitsubishi UFJ Financial Group raised their Q2 2019 earnings estimates for Pioneer Natural Resources in a research note issued to investors on Wednesday, May 22nd. Mitsubishi UFJ Financial Group analyst M. Mcallister now expects that the oil and gas development company will earn $2.18 per share for the quarter, up from their prior estimate of $2.12. Mitsubishi UFJ Financial Group currently has a “Overweight” rating and a $192.00 target price on the stock. Mitsubishi UFJ Financial Group also issued estimates for Pioneer Natural Resources’ Q3 2019 earnings at $2.32 EPS, Q4 2019 earnings at $2.49 EPS and FY2019 earnings at $8.82 EPS.

A number of other research analysts have also recently commented on the company. KeyCorp upped their price target on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Morgan Stanley set a $185.00 price target on Pioneer Natural Resources and gave the company a “buy” rating in a research report on Tuesday, January 29th. ValuEngine cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Mizuho cut Pioneer Natural Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $206.00 to $158.00 in a research report on Tuesday, March 19th. Finally, Barclays upped their price target on Pioneer Natural Resources from $190.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, February 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus target price of $205.68.

Shares of NYSE PXD opened at $147.00 on Thursday. Pioneer Natural Resources has a one year low of $119.08 and a one year 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 firm has a market cap of $24.52 billion, a PE ratio of 23.30, a PEG ratio of 0.96 and a beta of 1.02.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year.

In related news, CAO Margaret Montemayor sold 888 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $153.38, for a total transaction of $136,201.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning raised its holdings in shares of Pioneer Natural Resources by 0.8% in the 1st quarter. Creative Planning now owns 7,227 shares of the oil and gas development company’s stock valued at $1,101,000 after acquiring an additional 59 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Pioneer Natural Resources by 15.6% in the 1st quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock valued at $55,000 after acquiring an additional 67 shares in the last quarter. IBM Retirement Fund raised its holdings in shares of Pioneer Natural Resources by 3.0% in the 1st quarter. IBM Retirement Fund now owns 2,615 shares of the oil and gas development company’s stock valued at $398,000 after acquiring an additional 77 shares in the last quarter. Kaizen Advisory LLC raised its holdings in shares of Pioneer Natural Resources by 21.6% in the 4th quarter. Kaizen Advisory LLC now owns 456 shares of the oil and gas development company’s stock valued at $60,000 after acquiring an additional 81 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its holdings in shares of Pioneer Natural Resources by 11.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 830 shares of the oil and gas development company’s stock valued at $109,000 after acquiring an additional 86 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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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