Pioneer Natural Resources (PXD) to Release Earnings on Tuesday

Posted by Defense World Staff on Jul 25th, 2023

Pioneer Natural Resources logo Pioneer Natural Resources (NYSE:PXD – Get Free Report) will release its earnings data after the market closes on Tuesday, August 1st. Analysts expect Pioneer Natural Resources to post earnings of $4.67 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Pioneer Natural Resources (NYSE:PXD – Get Free Report) last posted its quarterly earnings results on Wednesday, April 26th. The oil and gas development company reported $5.21 EPS for the quarter, topping the consensus estimate of $4.90 by $0.31. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.98 billion. Pioneer Natural Resources had a return on equity of 30.71% and a net margin of 31.15%. The company’s quarterly revenue was down 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.74 EPS. On average, analysts expect Pioneer Natural Resources to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Pioneer Natural Resources Stock Up 1.0 %

Shares of NYSE:PXD opened at $218.05 on Tuesday. The business has a 50-day moving average price of $206.55 and a 200 day moving average price of $212.29. The company has a current ratio of 0.88, a quick ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $50.97 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.30 and a beta of 1.41. Pioneer Natural Resources has a 12-month low of $177.26 and a 12-month high of $274.70.

Pioneer Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Thursday, June 1st were given a dividend of $3.34 per share. This represents a $13.36 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date was Wednesday, May 31st. Pioneer Natural Resources’s payout ratio is 17.72%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PXD. StockNews.com began coverage on Pioneer Natural Resources in a research report on Thursday, May 18th. They issued a “sell” rating for the company. Stifel Nicolaus lifted their price objective on Pioneer Natural Resources from $273.00 to $275.00 and gave the company a “buy” rating in a research note on Monday. Benchmark began coverage on Pioneer Natural Resources in a research note on Wednesday, July 12th. They issued a “hold” rating for the company. Susquehanna lifted their price objective on Pioneer Natural Resources from $266.00 to $278.00 and gave the company a “positive” rating in a research note on Friday, April 21st. Finally, Morgan Stanley decreased their price objective on Pioneer Natural Resources from $223.00 to $219.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.05.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC grew its holdings in Pioneer Natural Resources by 6.4% during the first quarter. IHT Wealth Management LLC now owns 982 shares of the oil and gas development company’s stock worth $201,000 after acquiring an additional 59 shares during the period. Brown Advisory Inc. grew its holdings in Pioneer Natural Resources by 2.0% in the fourth quarter. Brown Advisory Inc. now owns 2,999 shares of the oil and gas development company’s stock valued at $685,000 after purchasing an additional 60 shares during the last quarter. MUFG Americas Holdings Corp grew its holdings in Pioneer Natural Resources by 0.6% in the third quarter. MUFG Americas Holdings Corp now owns 11,045 shares of the oil and gas development company’s stock valued at $2,392,000 after purchasing an additional 61 shares during the last quarter. Ancora Advisors LLC grew its holdings in Pioneer Natural Resources by 77.4% in the first quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Pioneer Natural Resources by 31.3% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the oil and gas development company’s stock valued at $85,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 84.73% of the company’s stock.

About Pioneer Natural Resources

(Get Free Report)

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.