Jefferies Group Weighs in on Pioneer Natural Resources Company’s FY2019 Earnings (PXD)

Pioneer Natural Resources Company (NYSE:PXD) – Analysts at Jefferies Group issued their FY2019 EPS estimates for Pioneer Natural Resources in a note issued to investors on Monday. Jefferies Group analyst M. Lear anticipates that the oil and gas development company will post earnings per share of $5.31 for the year. Jefferies Group currently has a “Buy” rating and a $180.00 target price on the stock.

Several other equities research analysts also recently weighed in on PXD. BidaskClub downgraded Pioneer Natural Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada set a $233.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. Scotiabank set a $210.00 price objective on Pioneer Natural Resources and gave the company a “buy” rating in a report on Saturday, July 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Pioneer Natural Resources in a report on Friday, July 7th. Finally, BMO Capital Markets cut their price objective on Pioneer Natural Resources from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $200.16.

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Shares of Pioneer Natural Resources (PXD) traded down 1.87% during trading on Wednesday, hitting $146.22. The stock had a trading volume of 2,223,481 shares. Pioneer Natural Resources has a one year low of $125.46 and a one year high of $199.83. The stock has a 50 day moving average price of $139.28 and a 200-day moving average price of $157.98. The stock has a market capitalization of $24.87 billion, a price-to-earnings ratio of 147.55 and a beta of 0.94.

Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas development company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in the company. Prospera Financial Services Inc grew its holdings 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 acquiring an additional 7 shares in the last quarter. Level Four Advisory Services LLC grew its holdings 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 acquiring an additional 13 shares in the last quarter. Atlantic Trust LLC grew its holdings 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 acquiring an additional 20 shares in the last quarter. Cadence Capital Management LLC grew its holdings in shares of Pioneer Natural Resources by 0.5% in the second quarter. Cadence Capital Management LLC now owns 6,003 shares of the oil and gas development company’s stock valued at $958,000 after acquiring an additional 30 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Pioneer Natural Resources by 2.6% in the second quarter. Stratos Wealth Partners LTD. now owns 1,565 shares of the oil and gas development company’s stock valued at $250,000 after acquiring an additional 40 shares in the last quarter. 91.57% of the stock is owned by institutional investors.

In related news, Director J Kenneth Thompson acquired 750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $133.40 per share, with a total value of $100,050.00. Following the acquisition, the director now owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew F. Cates acquired 350 shares of the firm’s 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 acquisition, the director now directly owns 14,556 shares in the company, valued at approximately $1,970,445.72. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,200 shares of company stock valued at $161,102 over the last three months. Corporate insiders own 0.89% of the company’s stock.

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 issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 28th. Pioneer Natural Resources’s dividend payout ratio is currently 8.16%.

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.

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

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