Pioneer Natural Resources (PXD) Expected to Post Earnings of $2.04 Per Share

Wall Street brokerages forecast that Pioneer Natural Resources (NYSE:PXD) will post earnings per share of $2.04 for the current quarter, according to Zacks. Six analysts have made estimates for Pioneer Natural Resources’ earnings. The highest EPS estimate is $3.11 and the lowest is $1.30. Pioneer Natural Resources posted earnings per share of $1.22 in the same quarter last year, which suggests a positive year-over-year growth rate of 67.2%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 5th.

On average, analysts expect that Pioneer Natural Resources will report full-year earnings of $7.16 per share for the current fiscal year, with EPS estimates ranging from $6.47 to $8.27. For the next financial year, analysts expect that the firm will report earnings of $10.55 per share, with EPS estimates ranging from $6.54 to $13.03. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Pioneer Natural Resources.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.38. Pioneer Natural Resources had a return on equity of 9.47% and a net margin of 15.98%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Pioneer Natural Resources’s revenue was up 112.2% compared to the same quarter last year.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. MKM Partners assumed coverage on Pioneer Natural Resources in a research note on Wednesday. They issued a “buy” rating and a $213.00 price objective on the stock. ValuEngine raised Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. SunTrust Banks reissued a “buy” rating and issued a $215.00 price objective on shares of Pioneer Natural Resources in a research note on Thursday, November 29th. Finally, Mizuho set a $206.00 price objective on Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average price target of $232.29.

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Hawaiian Bank purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at $304,000. Clinton Group Inc. purchased a new stake in shares of Pioneer Natural Resources during the 3rd quarter valued at $4,478,000. Morgan Stanley lifted its holdings in shares of Pioneer Natural Resources by 39.3% during the 2nd quarter. Morgan Stanley now owns 961,513 shares of the oil and gas development company’s stock valued at $181,958,000 after purchasing an additional 271,144 shares during the last quarter. Argent Trust Co purchased a new stake in shares of Pioneer Natural Resources during the 2nd quarter valued at $409,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Pioneer Natural Resources by 6.4% during the 2nd quarter. Janus Henderson Group PLC now owns 83,171 shares of the oil and gas development company’s stock valued at $15,739,000 after purchasing an additional 5,022 shares during the last quarter. 87.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PXD opened at $143.00 on Wednesday. Pioneer Natural Resources has a 52-week low of $135.24 and a 52-week high of $213.40. The company has a market capitalization of $24.31 billion, a P/E ratio of 22.42, a PEG ratio of 1.64 and a beta of 1.11. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

About Pioneer Natural Resources

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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