Brokers Issue Forecasts for Pioneer Natural Resources Company’s Q1 2017 Earnings (PXD)

Pioneer Natural Resources Company (NYSE:PXD) – Investment analysts at KeyCorp upped their Q1 2017 EPS estimates for shares of Pioneer Natural Resources Company in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the firm will post earnings of $0.31 per share for the quarter, up from their previous estimate of $0.18. KeyCorp also issued estimates for Pioneer Natural Resources Company’s Q2 2017 earnings at $0.68 EPS, Q3 2017 earnings at $0.93 EPS, Q4 2017 earnings at $1.07 EPS and FY2017 earnings at $2.99 EPS.

Other equities research analysts have also recently issued reports about the company. Societe Generale upgraded Pioneer Natural Resources Company from a “hold” rating to a “buy” rating in a research note on Wednesday. Canaccord Genuity restated a “buy” rating and set a $215.00 price objective on shares of Pioneer Natural Resources Company in a research note on Thursday, February 2nd. Barclays PLC restated a “buy” rating and set a $190.00 price objective on shares of Pioneer Natural Resources Company in a research note on Wednesday, February 1st. Zacks Investment Research upgraded Pioneer Natural Resources Company from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a research note on Tuesday, January 17th. Finally, Jefferies Group LLC restated a “buy” rating and set a $206.00 price objective on shares of Pioneer Natural Resources Company in a research note on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Pioneer Natural Resources Company has an average rating of “Buy” and a consensus target price of $195.84.

Earnings History and Estimates for Pioneer Natural Resources Company (NYSE:PXD)

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Shares of Pioneer Natural Resources Company (NYSE:PXD) opened at 194.46 on Friday. The company’s market capitalization is $33.06 billion. Pioneer Natural Resources Company has a 1-year low of $115.03 and a 1-year high of $195.00. The firm’s 50 day moving average price is $182.96 and its 200-day moving average price is $180.62.

Pioneer Natural Resources Company (NYSE:PXD) last released its quarterly earnings results on Tuesday, February 7th. The oil and gas development company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.16. The business earned $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Pioneer Natural Resources Company had a negative return on equity of 0.33% and a negative net margin of 14.56%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS.

In other news, COO Timothy L. Dove sold 3,000 shares of Pioneer Natural Resources Company stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $185.08, for a total value of $555,240.00. Following the completion of the sale, the chief operating officer now directly owns 249,010 shares of the company’s stock, valued at $46,086,770.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott D. Sheffield sold 10,000 shares of Pioneer Natural Resources Company stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $185.14, for a total value of $1,851,400.00. Following the completion of the sale, the chief executive officer now directly owns 585,868 shares of the company’s stock, valued at $108,467,601.52. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

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Several large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. purchased a new stake in shares of Pioneer Natural Resources Company during the second quarter worth $348,000. Henderson Group PLC boosted its position in Pioneer Natural Resources Company by 88.6% in the second quarter. Henderson Group PLC now owns 42,187 shares of the oil and gas development company’s stock valued at $6,380,000 after buying an additional 19,815 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Pioneer Natural Resources Company by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,489 shares of the oil and gas development company’s stock valued at $1,888,000 after buying an additional 218 shares during the last quarter. BP PLC boosted its position in Pioneer Natural Resources Company by 16.7% in the second quarter. BP PLC now owns 21,000 shares of the oil and gas development company’s stock valued at $3,176,000 after buying an additional 3,000 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Pioneer Natural Resources Company during the second quarter valued at approximately $507,000. 93.59% of the stock is owned by institutional investors and hedge funds.

About Pioneer Natural Resources Company

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States. The Company operates through the oil and gas development, exploration and production segment. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties.

5 Day Chart for NYSE:PXD

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