Wall Street analysts expect Pioneer Natural Resources (NYSE:PXD) to report sales of $2.34 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Pioneer Natural Resources’ earnings, with the highest sales estimate coming in at $2.55 billion and the lowest estimate coming in at $2.02 billion. Pioneer Natural Resources posted sales of $2.41 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is expected to announce its next quarterly earnings report on Monday, May 4th.
According to Zacks, analysts expect that Pioneer Natural Resources will report full-year sales of $8.28 billion for the current fiscal year, with estimates ranging from $5.70 billion to $11.13 billion. For the next year, analysts expect that the business will post sales of $7.70 billion, with estimates ranging from $5.69 billion to $9.89 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Pioneer Natural Resources.
Pioneer Natural Resources (NYSE:PXD) last issued its quarterly earnings data on Wednesday, February 19th. The oil and gas development company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.24. Pioneer Natural Resources had a net margin of 8.13% and a return on equity of 11.46%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. Pioneer Natural Resources’s revenue for the quarter was down 1.3% on a year-over-year basis.
Large investors have recently bought and sold shares of the business. Orion Portfolio Solutions LLC purchased a new stake in Pioneer Natural Resources in the 4th quarter valued at about $25,000. Ancora Advisors LLC purchased a new stake in Pioneer Natural Resources in the 4th quarter valued at about $28,000. Tarbox Family Office Inc. increased its stake in Pioneer Natural Resources by 93.8% in the 4th quarter. Tarbox Family Office Inc. now owns 186 shares of the oil and gas development company’s stock valued at $28,000 after buying an additional 90 shares during the last quarter. FinTrust Capital Advisors LLC grew its position in shares of Pioneer Natural Resources by 166.7% during the 4th quarter. FinTrust Capital Advisors LLC now owns 192 shares of the oil and gas development company’s stock valued at $29,000 after acquiring an additional 120 shares during the period. Finally, Allred Capital Management LLC bought a new position in shares of Pioneer Natural Resources during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 88.58% of the company’s stock.
Shares of Pioneer Natural Resources stock traded down $0.93 during trading on Tuesday, hitting $75.31. The company’s stock had a trading volume of 2,986,424 shares, compared to its average volume of 2,525,850. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.88 and a quick ratio of 0.80. Pioneer Natural Resources has a 52 week low of $48.62 and a 52 week high of $178.22. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.70. The stock has a 50-day moving average price of $94.31 and a two-hundred day moving average price of $125.96.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a $0.55 dividend. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.44. The ex-dividend date is Monday, March 30th. This represents a $2.20 annualized dividend and a yield of 2.92%. Pioneer Natural Resources’s dividend payout ratio (DPR) is 13.45%.
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 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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