Pioneer Natural Resources Company Expected to Post FY2017 Earnings of $3.08 Per Share (PXD)

Pioneer Natural Resources Company (NYSE:PXD) – Jefferies Group increased their FY2017 earnings per share (EPS) estimates for Pioneer Natural Resources Company in a research report issued on Monday. Jefferies Group analyst M. Hsu now anticipates that the firm will post earnings of $3.08 per share for the year, up from their previous forecast of $2.59. Jefferies Group has a “Buy” rating and a $245.00 price objective on the stock. Jefferies Group also issued estimates for Pioneer Natural Resources Company’s Q1 2018 earnings at $1.79 EPS, Q2 2018 earnings at $2.18 EPS, Q3 2018 earnings at $2.65 EPS, Q4 2018 earnings at $3.21 EPS and FY2018 earnings at $9.83 EPS.

A number of other equities analysts have also issued reports on the stock. Mitsubishi UFJ Financial Group lowered shares of Pioneer Natural Resources Company from an “overweight” rating to a “neutral” rating in a research report on Friday, January 20th. Barclays PLC reiterated a “buy” rating and issued a $190.00 target price on shares of Pioneer Natural Resources Company in a research report on Wednesday, February 1st. Canaccord Genuity reiterated a “buy” rating and issued a $215.00 target price on shares of Pioneer Natural Resources Company in a research report on Thursday, February 2nd. RBC Capital Markets reiterated a “buy” rating and issued a $225.00 target price (up previously from $217.00) on shares of Pioneer Natural Resources Company in a research report on Friday, January 27th. Finally, Royal Bank Of Canada increased their target price on shares of Pioneer Natural Resources Company from $217.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $199.26.

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

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Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down 0.29% during midday trading on Wednesday, hitting $192.65. 772,891 shares of the stock were exchanged. The stock’s 50-day moving average price is $184.49 and its 200 day moving average price is $181.82. Pioneer Natural Resources Company has a one year low of $115.17 and a one year high of $199.83. The stock’s market cap is $32.75 billion.

Pioneer Natural Resources Company (NYSE:PXD) last issued its quarterly earnings results on Tuesday, February 7th. The oil and gas development company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 14.56% and a negative return on equity of 0.33%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) earnings per share.

In other news, COO Timothy L. Dove sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $185.08, for a total value of $555,240.00. Following the transaction, the chief operating officer now owns 249,010 shares in the company, valued at approximately $46,086,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott D. Sheffield sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 585,868 shares in the company, valued at approximately $108,467,601.52. The disclosure for this sale can be found here. Insiders sold a total of 16,000 shares of company stock worth $2,998,630 in the last quarter. 0.92% of the stock is owned by corporate insiders.

This story was originally posted by Web Breaking News and is owned by of Web Breaking News. If you are reading this story on another domain, it was copied illegally and reposted in violation of international trademark & copyright legislation. The correct version of this story can be read at http://www.webbreakingnews.com/2017/02/17/pioneer-natural-resources-company-expected-to-post-fy2017-earnings-of-3-08-per-share-pxd.html.

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of Pioneer Natural Resources Company by 6.4% in the fourth quarter. State Street Corp now owns 11,104,321 shares of the oil and gas development company’s stock worth $1,999,544,000 after buying an additional 664,476 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Pioneer Natural Resources Company by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 9,158,677 shares of the oil and gas development company’s stock worth $1,700,759,000 after buying an additional 166,270 shares in the last quarter. Capital Research Global Investors increased its position in shares of Pioneer Natural Resources Company by 41.6% in the third quarter. Capital Research Global Investors now owns 7,367,002 shares of the oil and gas development company’s stock worth $1,367,684,000 after buying an additional 2,165,002 shares in the last quarter. FMR LLC increased its position in shares of Pioneer Natural Resources Company by 7.9% in the fourth quarter. FMR LLC now owns 7,120,219 shares of the oil and gas development company’s stock worth $1,282,138,000 after buying an additional 521,539 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Pioneer Natural Resources Company by 4.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,459,622 shares of the oil and gas development company’s stock worth $827,929,000 after buying an additional 194,048 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

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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