Pioneer Natural Resources (PXD) Forecasted to Post Q4 2018 Earnings of $2.21 Per Share

Pioneer Natural Resources (NYSE:PXD) – Investment analysts at Jefferies Financial Group cut their Q4 2018 earnings per share (EPS) estimates for Pioneer Natural Resources in a report issued on Tuesday, November 13th. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas development company will post earnings per share of $2.21 for the quarter, down from their prior forecast of $2.41. Jefferies Financial Group also issued estimates for Pioneer Natural Resources’ Q1 2019 earnings at $2.88 EPS, Q2 2019 earnings at $2.83 EPS and Q4 2019 earnings at $3.15 EPS.

Other equities research analysts have also recently issued research reports about the stock. Citigroup reduced their price objective on shares of Pioneer Natural Resources from $242.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. Seaport Global Securities reiterated a “buy” rating on shares of Pioneer Natural Resources in a research report on Wednesday, July 25th. KLR Group upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and lifted their price objective for the company from $212.00 to $254.00 in a research report on Tuesday, July 24th. Mizuho started coverage on shares of Pioneer Natural Resources in a research report on Monday, July 23rd. They set a “buy” rating and a $259.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $234.81.



Pioneer Natural Resources stock opened at $154.86 on Thursday. The company has a market cap of $26.30 billion, a PE ratio of 71.69, a P/E/G ratio of 1.78 and a beta of 1.04. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Pioneer Natural Resources has a 1 year low of $140.54 and a 1 year high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas development company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.38. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Pioneer Natural Resources had a net margin of 15.98% and a return on equity of 9.47%. The company’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Partners LLC increased its position in Pioneer Natural Resources by 9.3% during the second quarter. Advisor Partners LLC now owns 3,153 shares of the oil and gas development company’s stock valued at $597,000 after acquiring an additional 267 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Pioneer Natural Resources by 1.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock valued at $4,526,000 after acquiring an additional 273 shares during the last quarter. CWM LLC increased its position in Pioneer Natural Resources by 5.5% during the second quarter. CWM LLC now owns 6,307 shares of the oil and gas development company’s stock valued at $1,194,000 after acquiring an additional 326 shares during the last quarter. Dupont Capital Management Corp increased its position in Pioneer Natural Resources by 8.1% during the third quarter. Dupont Capital Management Corp now owns 4,742 shares of the oil and gas development company’s stock valued at $826,000 after acquiring an additional 357 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Pioneer Natural Resources by 1.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,522 shares of the oil and gas development company’s stock valued at $4,451,000 after acquiring an additional 361 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

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.

Recommended Story: Reverse Stock Split

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

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply