Pioneer Natural Resources (NYSE:PXD) – KeyCorp lowered their Q2 2019 earnings estimates for Pioneer Natural Resources in a report issued on Monday, July 15th. KeyCorp analyst L. Mariani now forecasts that the oil and gas development company will post earnings of $2.27 per share for the quarter, down from their previous estimate of $2.35. KeyCorp currently has a “Overweight” rating and a $185.00 target price on the stock. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2019 earnings at $2.48 EPS, FY2019 earnings at $9.01 EPS, Q1 2020 earnings at $2.42 EPS, Q2 2020 earnings at $2.44 EPS, Q3 2020 earnings at $2.62 EPS, Q4 2020 earnings at $2.69 EPS and FY2020 earnings at $10.17 EPS.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings results on Monday, May 6th. The oil and gas development company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.22. Pioneer Natural Resources had a net margin of 11.89% and a return on equity of 9.31%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the company posted $0.92 EPS. Pioneer Natural Resources’s revenue was up 12.2% on a year-over-year basis.
Shares of NYSE PXD opened at $138.07 on Thursday. Pioneer Natural Resources has a 1 year low of $119.08 and a 1 year high of $193.03. The stock has a market cap of $22.96 billion, a PE ratio of 21.88, a P/E/G ratio of 0.84 and a beta of 1.09. The company’s 50-day simple moving average is $145.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.99.
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Pioneer Natural Resources by 24.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,119,088 shares of the oil and gas development company’s stock valued at $147,184,000 after purchasing an additional 217,216 shares in the last quarter. Captrust Financial Advisors increased its holdings in Pioneer Natural Resources by 72.0% during the 4th quarter. Captrust Financial Advisors now owns 363 shares of the oil and gas development company’s stock valued at $48,000 after purchasing an additional 152 shares in the last quarter. Geode Capital Management LLC increased its holdings in Pioneer Natural Resources by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,972,086 shares of the oil and gas development company’s stock valued at $258,857,000 after purchasing an additional 113,932 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Pioneer Natural Resources by 8.3% during the 4th quarter. 1832 Asset Management L.P. now owns 54,588 shares of the oil and gas development company’s stock valued at $7,108,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Suntrust Banks Inc. increased its holdings in Pioneer Natural Resources by 880.8% during the 4th quarter. Suntrust Banks Inc. now owns 39,643 shares of the oil and gas development company’s stock valued at $5,214,000 after purchasing an additional 35,601 shares in the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.
In other news, CAO Margaret Montemayor sold 888 shares of Pioneer Natural Resources stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $153.38, for a total value of $136,201.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% 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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