Pioneer Natural Resources (PXD) Scheduled to Post Quarterly Earnings on Thursday

Pioneer Natural Resources (NYSE:PXD) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $4.91 per share for the quarter.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 22.42% and a net margin of 25.28%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the company posted $5.91 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect Pioneer Natural Resources to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Pioneer Natural Resources Stock Performance

Shares of NYSE PXD opened at $275.52 on Thursday. The company’s fifty day moving average price is $253.53 and its 200 day moving average price is $239.42. Pioneer Natural Resources has a 1 year low of $196.74 and a 1 year high of $278.83. The company has a market capitalization of $64.37 billion, a PE ratio of 13.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.88.

Pioneer Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $2.56 per share. This represents a $10.24 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, March 1st. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Insider Activity

In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Mark H. Kleinman sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $234.35, for a total transaction of $820,225.00. Following the completion of the sale, the executive vice president now directly owns 49,856 shares in the company, valued at $11,683,753.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Phillip A. Gobe sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the sale, the director now owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock worth $9,067,373 over the last three months. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PXD. Royal Bank of Canada reissued a “sector perform” rating and set a $279.00 price target on shares of Pioneer Natural Resources in a report on Thursday, April 11th. StockNews.com started coverage on shares of Pioneer Natural Resources in a report on Sunday. They set a “hold” rating on the stock. Susquehanna increased their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the company a “neutral” rating in a report on Monday. Stifel Nicolaus increased their price objective on shares of Pioneer Natural Resources from $237.00 to $275.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Mizuho increased their price objective on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Pioneer Natural Resources has an average rating of “Hold” and an average target price of $264.10.

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 in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.