Pioneer Natural Resources Company (NYSE:PXD) – Jefferies Group dropped their Q3 2017 earnings per share estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Tuesday. Jefferies Group analyst M. Hsu now forecasts that the oil and gas development company will post earnings per share of $0.39 for the quarter, down from their previous estimate of $0.72. Jefferies Group currently has a “Buy” rating and a $171.00 target price on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources’ Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $1.58 EPS, Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $1.21 EPS and FY2018 earnings at $3.93 EPS.

A number of other research firms have also weighed in on PXD. Credit Suisse Group reaffirmed a “buy” rating on shares of Pioneer Natural Resources in a report on Monday, May 15th. Scotiabank reaffirmed a “buy” rating and set a $245.00 target price on shares of Pioneer Natural Resources in a report on Friday, May 5th. Royal Bank Of Canada set a $233.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Saturday, June 17th. KLR Group upped their target price on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Cowen and Company set a $210.00 target price on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $204.40.

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Shares of Pioneer Natural Resources (NYSE PXD) opened at 128.80 on Thursday. The firm has a market capitalization of $21.91 billion, a P/E ratio of 129.97 and a beta of 0.91. Pioneer Natural Resources has a 12-month low of $126.50 and a 12-month high of $199.83. The firm’s 50-day moving average price is $147.17 and its 200-day moving average price is $169.06.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pioneer Natural Resources had a return on equity of 1.79% and a net margin of 3.10%. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year. During the same period last year, the business earned ($0.22) earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.12%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 8.16%.

In other news, Director J Kenneth Thompson purchased 750 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $133.40 per share, with a total value of $100,050.00. Following the transaction, the director now directly owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew F. Cates purchased 350 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the transaction, the director now directly owns 14,556 shares in the company, valued at $1,970,445.72. The disclosure for this purchase can be found here. Insiders bought a total of 1,200 shares of company stock valued at $161,102 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Prospera Financial Services Inc boosted its stake in shares of Pioneer Natural Resources by 0.4% in the second quarter. Prospera Financial Services Inc now owns 1,848 shares of the oil and gas development company’s stock valued at $293,000 after buying an additional 7 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Pioneer Natural Resources by 0.4% in the first quarter. Hodges Capital Management Inc. now owns 2,510 shares of the oil and gas development company’s stock valued at $467,000 after buying an additional 10 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in shares of Pioneer Natural Resources by 0.5% in the first quarter. Level Four Advisory Services LLC now owns 2,753 shares of the oil and gas development company’s stock valued at $518,000 after buying an additional 13 shares during the last quarter. Atlantic Trust LLC boosted its stake in shares of Pioneer Natural Resources by 1.0% in the first quarter. Atlantic Trust LLC now owns 1,955 shares of the oil and gas development company’s stock valued at $364,000 after buying an additional 20 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 3.4% in the first quarter. Morgan Dempsey Capital Management LLC now owns 792 shares of the oil and gas development company’s stock valued at $147,000 after buying an additional 26 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Pioneer Natural Resources Company Profile

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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