Pioneer Natural Resources (NYSE:PXD – Get Rating) – Stock analysts at KeyCorp issued their Q3 2022 earnings estimates for Pioneer Natural Resources in a note issued to investors on Monday, September 19th. KeyCorp analyst T. Rezvan expects that the oil and gas development company will post earnings of $8.19 per share for the quarter. KeyCorp has a “Overweight” rating and a $290.00 price objective on the stock. The consensus estimate for Pioneer Natural Resources’ current full-year earnings is $32.66 per share. KeyCorp also issued estimates for Pioneer Natural Resources’ Q4 2022 earnings at $7.94 EPS, FY2022 earnings at $33.27 EPS, Q1 2023 earnings at $7.61 EPS, Q2 2023 earnings at $6.85 EPS, Q3 2023 earnings at $6.81 EPS, Q4 2023 earnings at $6.93 EPS and FY2023 earnings at $28.21 EPS.
Pioneer Natural Resources (NYSE:PXD – Get Rating) last released its earnings results on Tuesday, August 2nd. The oil and gas development company reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $8.81 by $0.55. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Pioneer Natural Resources had a net margin of 28.29% and a return on equity of 28.26%. During the same period in the previous year, the company earned $2.55 earnings per share.
Pioneer Natural Resources Stock Down 0.6 %
PXD opened at $226.65 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $54.84 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.83 and a beta of 1.46. Pioneer Natural Resources has a twelve month low of $150.39 and a twelve month high of $288.46. The company’s 50-day moving average price is $233.37 and its two-hundred day moving average price is $242.55.
Institutional Investors Weigh In On Pioneer Natural Resources
Institutional investors have recently made changes to their positions in the business. Fiduciary Trust Co. purchased a new stake in shares of Pioneer Natural Resources in the 1st quarter valued at $275,000. Riverview Trust Co purchased a new stake in Pioneer Natural Resources during the 1st quarter valued at $29,000. PNC Financial Services Group Inc. boosted its position in Pioneer Natural Resources by 60.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 79,595 shares of the oil and gas development company’s stock valued at $19,902,000 after buying an additional 29,852 shares during the period. Atria Investments LLC boosted its position in Pioneer Natural Resources by 30.3% during the 1st quarter. Atria Investments LLC now owns 23,852 shares of the oil and gas development company’s stock valued at $5,964,000 after buying an additional 5,545 shares during the period. Finally, Intersect Capital LLC purchased a new stake in Pioneer Natural Resources during the 1st quarter valued at $220,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.
Pioneer Natural Resources Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were paid a $8.57 dividend. This represents a $34.28 dividend on an annualized basis and a yield of 15.12%. The ex-dividend date of this dividend was Friday, September 2nd. This is a boost from Pioneer Natural Resources’s previous quarterly dividend of $7.38. Pioneer Natural Resources’s payout ratio is currently 18.19%.
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 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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