News articles about Pioneer Natural Resources (NYSE:PXD) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pioneer Natural Resources earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave press coverage about the oil and gas development company an impact score of 45.4991621874601 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Beta Factor Evaluation – Pioneer Natural Resources Company, (NYSE: PXD) (stocksnewstimes.com)
- Q1 2018 Earnings Forecast for Pioneer Natural Resources Issued By Piper Jaffray (PXD) (americanbankingnews.com)
- Q1 2018 EPS Estimates for Pioneer Natural Resources Cut by Analyst (PXD) (americanbankingnews.com)
- Pioneer Natural Resources (PXD) Raised to Hold at ValuEngine (americanbankingnews.com)
- Pioneer Natural Resources to Post Q1 2018 Earnings of $1.54 Per Share, Piper Jaffray Forecasts (PXD) (americanbankingnews.com)
Shares of NYSE:PXD traded down $0.52 during trading on Friday, reaching $194.95. 1,793,365 shares of the company were exchanged, compared to its average volume of 1,454,879. The firm has a market cap of $33,288.70, a PE ratio of 90.25, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. Pioneer Natural Resources has a 12-month low of $125.46 and a 12-month high of $196.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.31 and a current ratio of 1.41.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.63. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. Pioneer Natural Resources had a net margin of 13.69% and a return on equity of 3.45%. The company’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. equities research analysts predict that Pioneer Natural Resources will post 6.56 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 28th. This is a positive change from Pioneer Natural Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.18%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 14.81%.
Pioneer Natural Resources declared that its Board of Directors has approved a share buyback program on Tuesday, February 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
A number of brokerages recently commented on PXD. BMO Capital Markets reaffirmed a “buy” rating and issued a $260.00 price target on shares of Pioneer Natural Resources in a report on Wednesday, April 11th. ValuEngine raised shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday. Piper Jaffray reaffirmed a “buy” rating and issued a $229.00 price target on shares of Pioneer Natural Resources in a report on Wednesday. KLR Group downgraded shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada set a $225.00 price target on shares of Pioneer Natural Resources and gave the company a “buy” rating in a report on Friday, April 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Pioneer Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $215.95.
In other news, Director Scott D. Sheffield sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $170.93, for a total transaction of $341,860.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Chris J. Cheatwood sold 9,513 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $175.93, for a total transaction of $1,673,622.09. Following the transaction, the executive vice president now directly owns 42,931 shares in the company, valued at $7,552,850.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,207 shares of company stock worth $3,219,653. Corporate insiders own 0.92% of the company’s stock.
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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