Q4 2023 EPS Estimates for Pioneer Natural Resources Reduced by Analyst (NYSE:PXD)

Pioneer Natural Resources (NYSE:PXDFree Report) – Capital One Financial reduced their Q4 2023 earnings estimates for shares of Pioneer Natural Resources in a research report issued to clients and investors on Wednesday, January 31st. Capital One Financial analyst P. Johnston now expects that the oil and gas development company will post earnings of $5.17 per share for the quarter, down from their previous forecast of $5.24. Capital One Financial has a “Equal Weight” rating and a $253.00 price objective on the stock. The consensus estimate for Pioneer Natural Resources’ current full-year earnings is $21.04 per share.

Pioneer Natural Resources (NYSE:PXDGet Free Report) last posted its earnings results on Thursday, November 2nd. The oil and gas development company reported $5.83 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.30. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.23 billion. Pioneer Natural Resources had a net margin of 26.52% and a return on equity of 23.48%.

Several other equities analysts have also weighed in on PXD. UBS Group decreased their target price on shares of Pioneer Natural Resources from $269.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, December 14th. StockNews.com started coverage on shares of Pioneer Natural Resources in a research note on Thursday. They issued a “hold” rating on the stock. Stifel Nicolaus reduced their price target on shares of Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating on the stock in a research note on Tuesday, January 23rd. Truist Financial reduced their price target on shares of Pioneer Natural Resources from $255.00 to $238.00 and set a “hold” rating on the stock in a research note on Friday, November 17th. Finally, Roth Mkm reissued a “buy” rating and issued a $245.00 price target on shares of Pioneer Natural Resources in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $254.19.

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Pioneer Natural Resources Stock Performance

NYSE:PXD opened at $229.83 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.70. The firm has a market capitalization of $53.62 billion, a price-to-earnings ratio of 10.98 and a beta of 1.30. The company’s 50-day moving average is $226.65 and its two-hundred day moving average is $231.42. Pioneer Natural Resources has a 1-year low of $177.26 and a 1-year high of $257.76.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PXD. Fairfield Bush & CO. acquired a new position in shares of Pioneer Natural Resources in the 1st quarter valued at $42,000. Cetera Advisor Networks LLC boosted its stake in Pioneer Natural Resources by 59.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 2,074 shares of the oil and gas development company’s stock worth $519,000 after purchasing an additional 774 shares during the period. Cetera Investment Advisers boosted its stake in Pioneer Natural Resources by 52.1% during the 1st quarter. Cetera Investment Advisers now owns 3,249 shares of the oil and gas development company’s stock worth $812,000 after purchasing an additional 1,113 shares during the period. Baird Financial Group Inc. boosted its stake in Pioneer Natural Resources by 22.6% during the 1st quarter. Baird Financial Group Inc. now owns 108,614 shares of the oil and gas development company’s stock worth $27,157,000 after purchasing an additional 20,023 shares during the period. Finally, Mather Group LLC. boosted its stake in Pioneer Natural Resources by 35.9% during the 1st quarter. Mather Group LLC. now owns 3,430 shares of the oil and gas development company’s stock worth $858,000 after purchasing an additional 907 shares during the period. Institutional investors and hedge funds own 82.72% of the company’s stock.

Insiders Place Their Bets

In other Pioneer Natural Resources news, Director Maria S. Dreyfus sold 10,632 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $226.62, for a total transaction of $2,409,423.84. Following the completion of the transaction, the director now owns 4,066 shares in the company, valued at approximately $921,436.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

About Pioneer Natural Resources

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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. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

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

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