Analysts predict Pioneer Natural Resources (NYSE: PXD) to report quarterly sales of $ 4.43 billion
Brokerages expect Pioneer Natural Resources (NYSE: PXD) to post revenue of $ 4.43 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts provided earnings estimates for Pioneer Natural Resources. The highest sales estimate is $ 4.66 billion and the lowest is $ 4.28 billion. Pioneer Natural Resources reported sales of $ 1.82 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 143.4%. The company is expected to release its next quarterly results on Wednesday, November 3.
According to Zacks, analysts expect Pioneer Natural Resources to report annual revenue of $ 15.51 billion for the current year, with estimates ranging from $ 14.60 billion to $ 16.82 billion. billions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 19.87 billion, with estimates ranging from $ 18.40 billion to $ 22.69 billion. Zacks sales averages are an average based on a survey of research companies that cover Pioneer Natural Resources.
Pioneer Natural Resources (NYSE: PXD) last reported quarterly results on Sunday, August 1. The oil and gas development company reported earnings per share (EPS) of $ 2.55 for the quarter, missing the Thomson Reuters consensus estimate of $ 2.56 per ($ 0.01). Pioneer Natural Resources had a net margin of 3.49% and a return on equity of 7.67%. The company posted revenue of $ 3.42 billion for the quarter, compared to $ 3.47 billion according to analysts’ estimates. In the same quarter of the previous year, the company achieved EPS ($ 0.32). The company’s quarterly revenue increased 298.0% from the same quarter last year.
A number of analysts have weighed in on the company recently. Citigroup raised its price target on Pioneer Natural Resources from $ 206.00 to $ 215.00 and gave the stock a “buy” rating in a research report on Tuesday, July 13. Morgan Stanley raised its price target on Pioneer Natural Resources from $ 184.00 to $ 192.00 and gave the stock an “equal weight” rating in a research report published on Wednesday, October 6. Raymond James increased his price target on Pioneer Natural Resources from $ 245.00 to $ 253.00 and gave the stock a “strong buy” rating in a research report published on Tuesday, July 27. KeyCorp raised its price target on Pioneer Natural Resources from $ 192.00 to $ 202.00 and rated the stock “overweight” in a research report on Thursday. Finally, TheStreet downgraded Pioneer Natural Resources from a “c +” rating to a “b” rating in a research report released on Friday, October 8. Six investment analysts gave the stock a conservation rating, sixteen assigned a buy rating and two gave the company a high buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $ 198.27.
NYSE PXD shares opened at $ 190.09 on Friday. The stock’s 50-day moving average price is $ 159.67 and its two-hundred-day moving average price is $ 156.80. Pioneer Natural Resources has a 52 week low of $ 76.58 and a 52 week high of $ 196.64. The stock has a market cap of $ 46.37 billion, a P / E ratio of 140.81, a PEG ratio of 1.40 and a beta of 1.93. The company has a quick ratio of 0.47, a current ratio of 0.55, and a debt ratio of 0.31.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 14. Shareholders of record on Thursday, September 30, received a dividend of $ 0.56 per share. This represents an annualized dividend of $ 2.24 and a dividend yield of 1.18%. The ex-dividend date was Wednesday, September 29. Pioneer Natural Resources’ dividend payout ratio is currently 136.59%.
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Strategic Blueprint LLC purchased a new stake in the shares of Pioneer Natural Resources during the second quarter for a value of $ 28,000. Eagle Bay Advisors LLC purchased a new stake in the shares of Pioneer Natural Resources during the second quarter for a value of $ 29,000. Harbor Investment Advisory LLC purchased a new stake in the shares of Pioneer Natural Resources during the 3rd quarter valued at $ 30,000. Northern Oak Wealth Management Inc. purchased a new equity interest in Pioneer Natural Resources during the 2nd quarter for a value of $ 33,000. Finally, KB Financial Partners LLC purchased a new equity stake in Pioneer Natural Resources in the first quarter valued at $ 35,000. 86.80% of the shares are held by institutional investors and hedge funds.
About Pioneer Natural Resources
Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The company is engaged in hydrocarbon exploration in the Cline shale. He is focused on mining the Permian Basin, Eagle Ford Shale, Rockies and Western Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997 and is headquartered in Irving, Texas.
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