Pioneer Natural Resources Company (NYSE:PXD) – Equities researchers at KeyCorp increased their FY2017 earnings estimates for shares of Pioneer Natural Resources in a research report issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas development company will post earnings of $1.38 per share for the year, up from their previous estimate of $1.12. KeyCorp currently has a “Buy” rating and a $180.00 price target on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.44 EPS and FY2018 earnings at $2.17 EPS.

Several other research firms also recently weighed in on PXD. SunTrust Banks, Inc. reissued a “buy” rating and set a $180.00 target price on shares of Pioneer Natural Resources in a research report on Friday. Mizuho reissued a “buy” rating and set a $196.00 target price on shares of Pioneer Natural Resources in a research report on Friday. Sanford C. Bernstein boosted their target price on Pioneer Natural Resources from $173.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Group LLC boosted their target price on Pioneer Natural Resources from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley cut their target price on Pioneer Natural Resources from $202.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company. Pioneer Natural Resources presently has a consensus rating of “Buy” and an average target price of $193.62.

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Shares of Pioneer Natural Resources (NYSE PXD) opened at $158.80 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $25,574.14, a PE ratio of 105.10, a P/E/G ratio of 11.73 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.18. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s revenue was up 23.1% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in the company. Independence Advisors LLC acquired a new stake in Pioneer Natural Resources during the second quarter worth about $822,000. Murphy Capital Management Inc. grew its holdings in Pioneer Natural Resources by 4.5% during the second quarter. Murphy Capital Management Inc. now owns 115,080 shares of the oil and gas development company’s stock worth $18,364,000 after acquiring an additional 4,980 shares during the period. Summit Global Investments grew its holdings in Pioneer Natural Resources by 83.4% during the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock worth $1,465,000 after acquiring an additional 4,173 shares during the period. State of Tennessee Treasury Department grew its holdings in Pioneer Natural Resources by 66.4% during the second quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock worth $30,504,000 after acquiring an additional 76,268 shares during the period. Finally, First Washington CORP grew its holdings in Pioneer Natural Resources by 34.0% during the second quarter. First Washington CORP now owns 16,385 shares of the oil and gas development company’s stock worth $2,615,000 after acquiring an additional 4,160 shares during the period. 91.91% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Andrew F. Cates acquired 350 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the acquisition, the director now owns 14,556 shares of the company’s stock, valued at $1,970,445.72. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Teresa A. Fairbrook sold 880 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the transaction, the vice president now directly owns 7,648 shares in the company, valued at $997,987.52. The disclosure for this sale can be found here. Insiders bought 1,200 shares of company stock worth $161,102 over the last three months. Corporate insiders own 0.89% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is presently 11.11%.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with 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.

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

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