Pioneer Natural Resources (NYSE:PXD) – Capital One upped their Q2 2018 earnings per share estimates for shares of Pioneer Natural Resources in a research note issued to investors on Wednesday, May 23rd. Capital One analyst P. Johnston now expects that the oil and gas development company will earn $1.76 per share for the quarter, up from their prior estimate of $1.67. Capital One also issued estimates for Pioneer Natural Resources’ Q3 2018 earnings at $1.84 EPS, Q4 2018 earnings at $1.90 EPS, FY2018 earnings at $7.17 EPS and FY2019 earnings at $8.62 EPS.
Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, May 2nd. The oil and gas development company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.16. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Pioneer Natural Resources had a return on equity of 5.57% and a net margin of 15.56%. Pioneer Natural Resources’s revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS.
Shares of Pioneer Natural Resources opened at $190.64 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 1.16. The firm has a market cap of $32.93 billion, a price-to-earnings ratio of 88.26, a PEG ratio of 2.14 and a beta of 0.94. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $213.40.
Several large investors have recently bought and sold shares of PXD. Atria Investments LLC increased its holdings in shares of Pioneer Natural Resources by 29.8% in the fourth quarter. Atria Investments LLC now owns 1,878 shares of the oil and gas development company’s stock valued at $325,000 after purchasing an additional 431 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Pioneer Natural Resources by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 581,196 shares of the oil and gas development company’s stock valued at $100,460,000 after purchasing an additional 15,074 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Pioneer Natural Resources in the fourth quarter valued at approximately $439,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Pioneer Natural Resources by 22.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,472 shares of the oil and gas development company’s stock valued at $254,000 after purchasing an additional 273 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Pioneer Natural Resources by 4.0% in the fourth quarter. APG Asset Management N.V. now owns 66,920 shares of the oil and gas development company’s stock valued at $9,633,000 after purchasing an additional 2,600 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Scott D. Sheffield sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $212.63, for a total value of $2,126,300.00. Following the completion of the sale, the director now owns 566,894 shares of the company’s stock, valued at $120,538,671.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Chris J. Cheatwood sold 9,513 shares of the stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $175.93, for a total value of $1,673,622.09. Following the completion of the sale, the executive vice president now directly owns 42,931 shares of the company’s stock, valued at approximately $7,552,850.83. The disclosure for this sale can be found here. Insiders have sold 85,138 shares of company stock valued at $17,086,375 in the last three months. Insiders own 0.92% of the company’s stock.
Pioneer Natural Resources announced that its board has approved a stock repurchase plan on Tuesday, February 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas development company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Pioneer Natural Resources Company Profile
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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