Pioneer Natural Resources (NYSE:PXD) – Equities researchers at Mitsubishi UFJ Financial Group boosted their FY2021 earnings estimates for shares of Pioneer Natural Resources in a report issued on Thursday, August 8th. Mitsubishi UFJ Financial Group analyst M. Mcallister now forecasts that the oil and gas development company will earn $11.15 per share for the year, up from their prior forecast of $10.43.

A number of other equities research analysts have also recently commented on the company. Imperial Capital reduced their price objective on Pioneer Natural Resources from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. TheStreet cut Pioneer Natural Resources from a “b-” rating to a “c+” rating in a research note on Tuesday, July 23rd. KeyCorp raised their price objective on Pioneer Natural Resources from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Morgan Stanley reduced their price objective on Pioneer Natural Resources from $184.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $190.00 price objective on shares of Pioneer Natural Resources in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average target price of $196.18.

Shares of Pioneer Natural Resources stock opened at $128.36 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Pioneer Natural Resources has a 52 week low of $114.79 and a 52 week high of $189.78. The firm has a 50 day moving average price of $138.60. The firm has a market capitalization of $21.25 billion, a PE ratio of 20.34, a PEG ratio of 0.70 and a beta of 1.08.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas development company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.13. Pioneer Natural Resources had a return on equity of 10.04% and a net margin of 9.65%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the stock. Motco lifted its holdings in Pioneer Natural Resources by 2,542.9% during the first quarter. Motco now owns 185 shares of the oil and gas development company’s stock worth $28,000 after acquiring an additional 178 shares during the period. Global Retirement Partners LLC lifted its holdings in Pioneer Natural Resources by 224.6% during the first quarter. Global Retirement Partners LLC now owns 198 shares of the oil and gas development company’s stock worth $30,000 after acquiring an additional 137 shares during the period. Berman Capital Advisors LLC lifted its holdings in Pioneer Natural Resources by 64.9% during the second quarter. Berman Capital Advisors LLC now owns 221 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 87 shares during the period. Brand Asset Management Group Inc. lifted its holdings in Pioneer Natural Resources by 41.2% during the first quarter. Brand Asset Management Group Inc. now owns 497 shares of the oil and gas development company’s stock worth $47,000 after acquiring an additional 145 shares during the period. Finally, Avestar Capital LLC lifted its holdings in Pioneer Natural Resources by 15.6% during the first quarter. Avestar Capital LLC now owns 496 shares of the oil and gas development company’s stock worth $55,000 after acquiring an additional 67 shares during the period. 87.77% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a dividend of $0.44 per share. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.76 annualized dividend and a dividend yield of 1.37%. Pioneer Natural Resources’s payout ratio is presently 10.14%.

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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