Pioneer Natural Resources (PXD) Earning Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about Pioneer Natural Resources (NYSE:PXD) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Natural Resources earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the oil and gas development company an impact score of 46.3474532183901 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- TRGP, KMI, and DCP to Jointly Develop Gulf Coast Pipeline – Market Realist (marketrealist.com)
- Pioneer Natural Resources Company (NYSE:PXD) Valuation According To Analysts – ExpressNewsline (expressnewsline.com)
- Pioneer Natural Resources Company (PXD) Given a $248.00 Price Target by Stifel Nicolaus Analysts (americanbankingnews.com)
- High hopes for the future growth on Pioneer Natural Resources Company (PXD) – Street Observer (press release) (streetobserver.com)
- The Permian Boom Is Coming To An End (finance.yahoo.com)
A number of analysts recently issued reports on the company. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. Stifel Nicolaus set a $236.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Pioneer Natural Resources from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Capital One Financial Corporation reissued an “overweight” rating on shares of Pioneer Natural Resources in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. Pioneer Natural Resources presently has an average rating of “Buy” and a consensus price target of $201.84.
Pioneer Natural Resources (NYSE:PXD) traded down 0.46% during trading on Friday, reaching $150.47. The company had a trading volume of 1,215,606 shares. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The firm’s 50 day moving average is $137.49 and its 200 day moving average is $158.82. The company has a market capitalization of $25.59 billion, a PE ratio of 151.84 and a beta of 0.94.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.22) earnings per share. The firm’s revenue for the quarter was up 107.4% on a year-over-year basis. On average, equities research analysts predict that Pioneer Natural Resources will post $1.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.11%. Pioneer Natural Resources’s payout ratio is currently 8.16%.
In related news, Director Andrew F. Cates acquired 350 shares of Pioneer Natural Resources stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the purchase, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Kenneth Thompson acquired 750 shares of Pioneer Natural Resources stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the purchase, the director now directly owns 10,865 shares of the company’s stock, valued at $1,449,391. The disclosure for this purchase can be found here. Insiders have acquired 1,200 shares of company stock worth $161,102 over the last three months. 0.89% of the stock is currently owned by insiders.
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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.
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