Pioneer Natural Resources Forecasted to Post Q4 2022 Earnings of $9.16 Per Share (NYSE:PXD)

Pioneer Natural Resources (NYSE:PXDGet Rating) – Equities research analysts at US Capital Advisors boosted their Q4 2022 earnings per share estimates for shares of Pioneer Natural Resources in a report released on Friday, May 20th. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas development company will post earnings per share of $9.16 for the quarter, up from their prior estimate of $8.56. US Capital Advisors also issued estimates for Pioneer Natural Resources’ Q1 2023 earnings at $8.90 EPS, Q2 2023 earnings at $8.18 EPS, Q3 2023 earnings at $8.06 EPS, Q4 2023 earnings at $7.97 EPS, FY2023 earnings at $33.11 EPS, Q1 2024 earnings at $7.97 EPS and FY2024 earnings at $31.24 EPS.

Pioneer Natural Resources (NYSE:PXDGet Rating) last issued its earnings results on Wednesday, May 4th. The oil and gas development company reported $7.74 earnings per share for the quarter, topping the consensus estimate of $7.32 by $0.42. Pioneer Natural Resources had a net margin of 22.85% and a return on equity of 21.01%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same period in the prior year, the business posted $1.77 earnings per share. The firm’s revenue for the quarter was up 152.5% compared to the same quarter last year.

A number of other research firms have also weighed in on PXD. Royal Bank of Canada raised their price target on shares of Pioneer Natural Resources from $255.00 to $275.00 in a report on Friday, February 18th. Piper Sandler lifted their price objective on shares of Pioneer Natural Resources to $345.00 and gave the company a “na” rating in a research report on Wednesday, May 18th. Credit Suisse Group raised their target price on shares of Pioneer Natural Resources from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, February 17th. Raymond James lifted their price objective on shares of Pioneer Natural Resources from $285.00 to $400.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 25th. Finally, TD Securities lifted their target price on shares of Pioneer Natural Resources from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Pioneer Natural Resources presently has a consensus rating of “Buy” and an average target price of $276.53.

Shares of PXD opened at $266.48 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.42 and a current ratio of 1.54. The company has a market capitalization of $64.48 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.96 and a beta of 1.53. Pioneer Natural Resources has a 1 year low of $133.73 and a 1 year high of $279.98. The company’s 50 day simple moving average is $249.57 and its 200 day simple moving average is $219.44.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 31st will be given a dividend of $7.38 per share. The ex-dividend date is Friday, May 27th. This represents a $29.52 dividend on an annualized basis and a yield of 11.08%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.78. Pioneer Natural Resources’s payout ratio is 15.09%.

In other Pioneer Natural Resources news, EVP Mark H. Kleinman sold 7,745 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $224.55, for a total value of $1,739,139.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Stephen Berg sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $274.41, for a total transaction of $686,025.00. Following the completion of the sale, the executive vice president now directly owns 49,546 shares in the company, valued at approximately $13,595,917.86. The disclosure for this sale can be found here. Insiders have sold 104,002 shares of company stock worth $25,293,266 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Capital Analysts LLC lifted its position in Pioneer Natural Resources by 0.3% during the 1st quarter. Capital Analysts LLC now owns 14,291 shares of the oil and gas development company’s stock worth $3,573,000 after buying an additional 41 shares in the last quarter. Savant Capital LLC lifted its position in Pioneer Natural Resources by 3.4% during the 1st quarter. Savant Capital LLC now owns 1,466 shares of the oil and gas development company’s stock worth $367,000 after buying an additional 48 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Pioneer Natural Resources by 4.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,081 shares of the oil and gas development company’s stock worth $197,000 after buying an additional 50 shares in the last quarter. CVA Family Office LLC lifted its position in Pioneer Natural Resources by 55.6% during the 1st quarter. CVA Family Office LLC now owns 140 shares of the oil and gas development company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Finally, Telemus Capital LLC lifted its position in Pioneer Natural Resources by 3.1% during the 4th quarter. Telemus Capital LLC now owns 1,839 shares of the oil and gas development company’s stock worth $334,000 after buying an additional 56 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.

Pioneer Natural Resources Company Profile (Get Rating)

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 in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants.

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

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