Pioneer Natural Resources Forecasted to Post Q4 2022 Earnings of $5.57 Per Share (NYSE:PXD)

Pioneer Natural Resources (NYSE:PXDGet Rating) – Investment analysts at Capital One Financial lowered their Q4 2022 EPS estimates for Pioneer Natural Resources in a note issued to investors on Monday, January 23rd. Capital One Financial analyst P. Johnston now expects that the oil and gas development company will earn $5.57 per share for the quarter, down from their prior forecast of $5.86. The consensus estimate for Pioneer Natural Resources’ current full-year earnings is $30.73 per share. Capital One Financial also issued estimates for Pioneer Natural Resources’ Q1 2023 earnings at $4.69 EPS, Q2 2023 earnings at $4.76 EPS, Q3 2023 earnings at $4.86 EPS, Q4 2023 earnings at $4.97 EPS and FY2023 earnings at $19.28 EPS.

PXD has been the subject of several other reports. Barclays raised their price objective on shares of Pioneer Natural Resources from $277.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial raised their price objective on shares of Pioneer Natural Resources from $219.00 to $261.00 in a research report on Monday, October 31st. Citigroup raised their price objective on shares of Pioneer Natural Resources to $255.00 in a research report on Thursday, November 17th. Piper Sandler raised their price objective on shares of Pioneer Natural Resources from $346.00 to $347.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. Finally, TD Securities raised their price objective on shares of Pioneer Natural Resources from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $278.17.

Pioneer Natural Resources Price Performance

Shares of NYSE PXD opened at $237.74 on Tuesday. The firm has a 50-day simple moving average of $233.54 and a 200-day simple moving average of $236.34. The stock has a market capitalization of $57.52 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.18. Pioneer Natural Resources has a 52 week low of $199.72 and a 52 week high of $288.46.

Pioneer Natural Resources (NYSE:PXDGet Rating) last issued its earnings results on Thursday, October 27th. The oil and gas development company reported $7.48 EPS for the quarter, beating analysts’ consensus estimates of $7.43 by $0.05. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Pioneer Natural Resources had a net margin of 30.33% and a return on equity of 31.82%.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were paid a $5.71 dividend. This represents a $22.84 annualized dividend and a dividend yield of 9.61%. The ex-dividend date was Tuesday, November 29th. Pioneer Natural Resources’s payout ratio is 15.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its stake in shares of Pioneer Natural Resources by 1.3% in the second quarter. Mutual of America Capital Management LLC now owns 30,685 shares of the oil and gas development company’s stock valued at $6,845,000 after purchasing an additional 386 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Pioneer Natural Resources by 8.3% in the second quarter. Stratos Wealth Partners LTD. now owns 2,749 shares of the oil and gas development company’s stock worth $613,000 after acquiring an additional 210 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Pioneer Natural Resources by 9.5% in the second quarter. Moors & Cabot Inc. now owns 2,000 shares of the oil and gas development company’s stock worth $446,000 after acquiring an additional 173 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in Pioneer Natural Resources in the second quarter worth approximately $519,000. Finally, Candriam S.C.A. lifted its stake in Pioneer Natural Resources by 13.3% in the second quarter. Candriam S.C.A. now owns 12,819 shares of the oil and gas development company’s stock worth $2,860,000 after acquiring an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.

About Pioneer Natural Resources

(Get Rating)

Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects. The company was founded by Scott Douglas Sheffield on April 2, 1997, and is headquartered in Irving, TX.

Recommended Stories

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

Receive News & Ratings for Pioneer Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.