Pioneer Natural Resources Company (NYSE:PXD) – KeyCorp boosted their Q1 2017 earnings estimates for shares of Pioneer Natural Resources Company in a research note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the brokerage will post earnings of $0.18 per share for the quarter, up from their prior forecast of ($0.15). KeyCorp also issued estimates for Pioneer Natural Resources Company’s Q2 2017 earnings at $0.51 EPS, Q3 2017 earnings at $0.81 EPS, Q4 2017 earnings at $1.00 EPS, FY2017 earnings at $2.51 EPS, Q1 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.93 EPS and FY2018 earnings at $5.79 EPS.

Other equities research analysts have also issued reports about the company. Jefferies Group reiterated a “buy” rating and set a $206.00 price target on shares of Pioneer Natural Resources Company in a report on Wednesday, October 19th. Wunderlich lifted their price target on Pioneer Natural Resources Company from $182.00 to $207.00 and gave the company a “buy” rating in a report on Monday, October 10th. Societe Generale upgraded Pioneer Natural Resources Company from a “sell” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded Pioneer Natural Resources Company from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Finally, Mizuho assumed coverage on Pioneer Natural Resources Company in a report on Wednesday, October 5th. They issued a “neutral” rating and a $196.00 target price for the company. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $183.40.

Earnings History and Estimates for Pioneer Natural Resources Company (NYSE:PXD)

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Pioneer Natural Resources Company (NYSE:PXD) traded down 0.19% during mid-day trading on Friday, hitting $182.21. 485,108 shares of the stock were exchanged. The company has a 50-day moving average price of $184.78 and a 200-day moving average price of $176.29. Pioneer Natural Resources Company has a one year low of $103.50 and a one year high of $195.00. The company’s market cap is $30.92 billion.

Pioneer Natural Resources Company (NYSE:PXD) last released its quarterly earnings results on Tuesday, November 1st. The oil and gas development company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Pioneer Natural Resources Company had a negative return on equity of 1.49% and a negative net margin of 30.45%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted ($0.01) EPS. The firm’s quarterly revenue was down 47.0% compared to the same quarter last year.

In related news, CEO Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $185.14, for a total value of $1,851,400.00. Following the completion of the sale, the chief executive officer now owns 585,868 shares in the company, valued at $108,467,601.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Timothy L. Dove sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $185.08, for a total value of $555,240.00. Following the completion of the sale, the chief operating officer now owns 249,010 shares of the company’s stock, valued at approximately $46,086,770.80. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

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A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in Pioneer Natural Resources Company by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 617 shares of the oil and gas development company’s stock worth $108,000 after buying an additional 35 shares in the last quarter. Hudock Capital Group LLC increased its stake in Pioneer Natural Resources Company by 20.8% in the second quarter. Hudock Capital Group LLC now owns 725 shares of the oil and gas development company’s stock worth $109,000 after buying an additional 125 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Pioneer Natural Resources Company by 2.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,028 shares of the oil and gas development company’s stock worth $155,000 after buying an additional 22 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its stake in Pioneer Natural Resources Company by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 900 shares in the last quarter. Finally, ICONIQ Capital LLC bought a new stake in Pioneer Natural Resources Company during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 92.31% of the company’s stock.

About Pioneer Natural Resources Company

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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