Pioneer Natural Resources (NYSE:PXD – Get Rating) – Investment analysts at Capital One Financial boosted their Q1 2023 earnings per share estimates for Pioneer Natural Resources in a research report issued to clients and investors on Tuesday, January 31st. Capital One Financial analyst P. Johnston now forecasts that the oil and gas development company will post earnings per share of $4.74 for the quarter, up from their prior forecast of $4.69. The consensus estimate for Pioneer Natural Resources' current full-year earnings is $30.54 per share. Capital One Financial also issued estimates for Pioneer Natural Resources' Q2 2023 earnings at $4.82 EPS, Q3 2023 earnings at $4.92 EPS, Q4 2023 earnings at $5.03 EPS, FY2023 earnings at $19.51 EPS and FY2024 earnings at $19.15 EPS.
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PXD has been the topic of a number of other research reports. Credit Suisse Group lifted their price objective on Pioneer Natural Resources from $285.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, October 28th. Raymond James decreased their price target on Pioneer Natural Resources from $310.00 to $300.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 26th. KeyCorp decreased their price target on Pioneer Natural Resources from $290.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, December 8th. Piper Sandler boosted their price target on Pioneer Natural Resources from $346.00 to $347.00 and gave the stock an "overweight" rating in a research note on Thursday, November 17th. Finally, Barclays boosted their price target on Pioneer Natural Resources from $277.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, January 23rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $273.11.
Pioneer Natural Resources Stock Down 1.8 %
PXD opened at $220.00 on Thursday. The business's 50-day simple moving average is $231.16 and its 200-day simple moving average is $237.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 1.03. Pioneer Natural Resources has a one year low of $200.09 and a one year high of $288.46. The stock has a market capitalization of $53.23 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 1.14 and a beta of 1.39.
Institutional Trading of Pioneer Natural Resources
A number of institutional investors and hedge funds have recently made changes to their positions in PXD. Evermay Wealth Management LLC boosted its position in Pioneer Natural Resources by 48.2% during the 3rd quarter. Evermay Wealth Management LLC now owns 123 shares of the oil and gas development company's stock worth $27,000 after purchasing an additional 40 shares during the period. CVA Family Office LLC boosted its position in Pioneer Natural Resources by 28.6% during the 3rd quarter. CVA Family Office LLC now owns 180 shares of the oil and gas development company's stock worth $39,000 after purchasing an additional 40 shares during the period. TimeScale Financial Inc. boosted its position in Pioneer Natural Resources by 18.6% during the 3rd quarter. TimeScale Financial Inc. now owns 261 shares of the oil and gas development company's stock worth $57,000 after purchasing an additional 41 shares during the period. Householder Group Estate & Retirement Specialist LLC boosted its position in Pioneer Natural Resources by 3.5% during the 3rd quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,240 shares of the oil and gas development company's stock worth $268,000 after purchasing an additional 42 shares during the period. Finally, Montecito Bank & Trust boosted its position in Pioneer Natural Resources by 1.4% during the 3rd quarter. Montecito Bank & Trust now owns 3,113 shares of the oil and gas development company's stock worth $674,000 after purchasing an additional 43 shares during the period. 89.75% of the stock is currently owned by institutional investors and hedge funds.
About Pioneer Natural Resources
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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.
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