Q2 2021 EPS estimates for Pioneer Natural Resources (NYSE: PXD) increased by analyst


Pioneer Natural Resources (NYSE: PXD) – Analysts at Truist Securiti increased their earnings estimates for the second quarter of 2021 for shares of Pioneer Natural Resources in a report released Thursday, July 1. Truist Securiti analyst N. Dingmann now expects the oil and gas development company to post earnings per share of $ 2.28 for the quarter, up from its previous forecast of 2, $ 24.

Several other research companies have also recently published reports on PXD. KeyCorp raised its price target on Pioneer Natural Resources from $ 178.00 to $ 182.00 and rated the company “overweight” in a report released Thursday, June 10. Truist Securities lowered its price target for Pioneer Natural Resources from $ 190.00 to $ 180.00 and set a “hold” rating on the stock in a report released on Wednesday, May 19. Johnson Rice reaffirmed a “hold” rating and set a price target of $ 180.00 on Pioneer Natural Resources shares in a report released on Monday, March 15. Sanford C. Bernstein downgraded Pioneer Natural Resources from a “market performance” rating to an “outperformance” rating and raised its price target for the share from $ 156.00 to $ 202.00 in a report published on Monday, June 21. To finish, Zacks investment research downgraded Pioneer Natural Resources from a “buy” rating to a “conservation” rating and set a target price of $ 171.00 on the stock. in a report on Friday March 26. Six research analysts rated the stock with a conservation rating, nineteen assigned a buy rating, and one issued a strong buy rating for the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $ 184.04.

PXD stock opened at $ 167.40 on Friday. The company has a leverage ratio of 0.34, a current ratio of 0.79, and a quick ratio of 0.69. The stock has a market cap of $ 40.84 billion, a P / E ratio of -58.74, a PEG ratio of 1.58 and a beta of 1.93. Pioneer Natural Resources has a 12-month low of $ 76.58 and a 12-month high of $ 175.37. The company has a fifty-day moving average price of $ 159.18. Pioneer Natural Resources (NYSE: PXD) last released its quarterly earnings data on Tuesday, May 4. The oil and gas development company reported earnings per share (EPS) of $ 1.77 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.42 by $ 0.35. The company posted revenue of $ 2.44 billion for the quarter, compared to a consensus estimate of $ 2.35 billion. Pioneer Natural Resources recorded a positive return on equity of 4.10% and a negative net margin of 6.97%. The company’s quarterly revenue increased 8.1% compared to the same quarter last year. In the same quarter of the previous year, the company made EPS of $ 1.15.

Several hedge funds and other institutional investors have recently changed their positions in the title. Redhawk Wealth Advisors Inc. strengthened its position in Pioneer Natural Resources shares by 1.7% in Q1. Redhawk Wealth Advisors Inc. now owns 3,540 shares of the oil and gas development company valued at $ 562,000 after purchasing an additional 60 shares during the period. Advisor Partners LLC strengthened its position in Pioneer Natural Resources shares by 1.8% in the 1st quarter. Advisor Partners LLC now owns 3,784 shares of the oil and gas development company valued at $ 601,000 after purchasing 67 additional shares during the period. CX Institutional strengthened its position in Pioneer Natural Resources shares by 37.8% in the 1st quarter. CX Institutional now owns 255 shares of the oil and gas development company valued at $ 40,000 after purchasing an additional 70 shares during the period. Canandaigua National Corp strengthened its position in Pioneer Natural Resources shares by 3.4% in the 1st quarter. Canandaigua National Corp now owns 2,285 shares of the oil and gas development company valued at $ 363,000 after purchasing an additional 75 shares during the period. Finally, Allworth Financial LP increased its position in Pioneer Natural Resources by 8.4% during the first quarter. Allworth Financial LP now owns 1,074 shares of the oil and gas development company valued at $ 171,000 after acquiring 83 additional shares during the period. 79.80% of the shares are held by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 14. Investors of record on Wednesday, June 30 will receive a dividend of $ 0.56. The ex-dividend date is Tuesday, June 29. This represents a dividend of $ 2.24 on an annualized basis and a dividend yield of 1.34%. Pioneer Natural Resources’ dividend payout ratio (DPR) is currently 136.59%.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an independent oil and gas exploration and production company in the United States. The company explores, develops and produces petroleum, natural gas liquids (NGLs) and gas. It operates in the Permian Basin of West Texas. As of December 31, 2020, the Company had proven undeveloped reserves and proven non-productive developed reserves of 31 million barrels of oil, 17 million barrels of NGL and 88 billion cubic feet of gas; and owned interests in 11 gas processing plants.

Recommended story: resistance level

Historical and earnings estimates for Pioneer Natural Resources (NYSE: PXD)

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: How to use the MarketBeat retirement calculator

7 retailers who are going against the ecommerce trend

Once again, it looks like the death of the brick and mortar retail business seems to be exaggerated. First quarter results show that many retailers who depend on in-person traffic for a significant portion of their business are seeing their sales rebound. And many plan to open stores in 2021.

This does not mean that e-commerce is going to disappear. In fact, a characteristic common to many of these stocks is that they expanded or improved their digital footprint during the pandemic.

This special presentation focuses on retailers who plan to increase their physical footprint in 2021. And some plan to do so with a substantial margin. Again, this doesn’t signal a transformative change in the overall trend, but it does mean that for the foreseeable future, brick and mortar will have some relevance.

Check out the “7 Retailers Who Oppose The Ecommerce Trend”.


Margie D. Carlisle