Research Analysts Issue Forecasts for Pioneer Natural Resources’ Q1 2018 Earnings (PXD)
Pioneer Natural Resources (NYSE:PXD) – Analysts at Imperial Capital issued their Q1 2018 EPS estimates for shares of Pioneer Natural Resources in a research note issued to investors on Thursday. Imperial Capital analyst I. Haas anticipates that the oil and gas development company will earn $1.50 per share for the quarter. Imperial Capital has a “Outperform” rating and a $220.00 price objective on the stock. Imperial Capital also issued estimates for Pioneer Natural Resources’ Q2 2018 earnings at $1.72 EPS, Q3 2018 earnings at $1.82 EPS, Q4 2018 earnings at $1.90 EPS and FY2018 earnings at $6.94 EPS.
Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.59 by $0.63. Pioneer Natural Resources had a net margin of 37.63% and a return on equity of 24.39%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $0.49 earnings per share. Pioneer Natural Resources’s revenue was up 48.4% compared to the same quarter last year.
Shares of Pioneer Natural Resources (NYSE PXD) opened at $172.17 on Monday. Pioneer Natural Resources has a 12 month low of $125.46 and a 12 month high of $199.83. The company has a market cap of $29,300.00, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 2.84 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
A number of institutional investors have recently bought and sold shares of PXD. Shelton Capital Management acquired a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $205,000. Westwood Holdings Group Inc. boosted its stake in Pioneer Natural Resources by 45.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,930 shares of the oil and gas development company’s stock worth $468,000 after purchasing an additional 920 shares during the period. Sterling Capital Management LLC boosted its stake in Pioneer Natural Resources by 7.1% in the 2nd quarter. Sterling Capital Management LLC now owns 8,268 shares of the oil and gas development company’s stock worth $1,319,000 after purchasing an additional 549 shares during the period. National Asset Management Inc. acquired a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $210,000. Finally, Cetera Investment Advisers acquired a new position in Pioneer Natural Resources in the 2nd quarter worth approximately $206,000. 90.58% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Mark H. Kleinman sold 2,582 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $158.37, for a total transaction of $408,911.34. Following the completion of the sale, the senior vice president now directly owns 12,861 shares in the company, valued at $2,036,796.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Frank E. Hopkins sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $160.00, for a total transaction of $320,000.00. Following the completion of the transaction, the senior vice president now directly owns 38,101 shares of the company’s stock, valued at approximately $6,096,160. The disclosure for this sale can be found here. Insiders have sold 25,306 shares of company stock valued at $4,164,925 over the last 90 days. 0.89% of the stock is currently owned by insiders.
Pioneer Natural Resources declared that its board has approved a share repurchase program on Tuesday, February 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.16 per share. This represents a yield of 0.18%. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 1.63%.
COPYRIGHT VIOLATION NOTICE: “Research Analysts Issue Forecasts for Pioneer Natural Resources’ Q1 2018 Earnings (PXD)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/research-analysts-issue-forecasts-for-pioneer-natural-resources-q1-2018-earnings-pxd/1864881.html.
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.
Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.