First-quarter 2022 EPS estimates for Pioneer Natural Resources (NYSE:PXD) boosted by Piper Sandler

0

Pioneer Natural Resources (NYSE:PXD- Get a rating) – Stock analysts Piper Sandler raised their first-quarter 2022 EPS estimates for shares of Pioneer Natural Resources in a research note released to investors on Thursday, April 7. Piper Sandler analyst Lear now expects the oil and gas developer to post earnings of $6.55 per share for the quarter, up from its previous forecast of $5.63. Piper Sandler has an “overweight” rating and a price target of $322.00 on the stock. Piper Sandler also released estimates of Pioneer Natural Resources Q2 2022 earnings at $9.59 EPS, Q3 2022 earnings at $10.32 EPS, Q4 2022 earnings at $10.50 EPS, earnings FY2022 earnings at $36.95 EPS, Q1 2023 earnings at $10.89 EPS, Q2 2023 earnings at $10.36 EPS, Q3 2023 earnings at $8.63 EPS, Q4 earnings 2023 earnings at $7.84 EPS, FY2023 earnings at $37.72 EPS, Q1 2024 earnings at $7.60 EPS, and FY2024 earnings at $30.85 EPS.

Other equity research analysts have also recently published research reports on the stock. Royal Bank of Canada raised its target price on shares of Pioneer Natural Resources from $255.00 to $275.00 in a Friday, February 18 report. Barclays raised its price target on shares of Pioneer Natural Resources from $236.00 to $295.00 in a Friday, March 18 report. MKM Partners lowered its price target on shares of Pioneer Natural Resources from $242.00 to $234.00 and set a “buy” rating on the stock in a Friday, February 18 report. Truist Financial raised its price target on shares of Pioneer Natural Resources from $214.00 to $230.00 in a Friday, January 14 report. To finish, StockNews.com began covering shares of Pioneer Natural Resources in a research note on Thursday, March 31. They have set a “holding” rating on the stock. Five analysts gave the stock a hold rating, eleven gave the stock a buy rating and three gave the stock a strong buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $246.00.

(A d)

Forbes says… NFTs are the biggest technological development for creators since the advent of the internet – and in 2022 they will increase by 1000%.

Check out these 3 NFT stocks that are well positioned to deliver strong upside for investors over the next 12-18 months.

NYSE:PXD opened at $254.11 on Monday. The company’s 50-day moving average price is $236.84 and its 200-day moving average price is $205.48. Pioneer Natural Resources has a 52-week low of $133.73 and a 52-week high of $260.00. The company has a quick ratio of 1.42, a current ratio of 1.52 and a leverage ratio of 0.29. The stock has a market capitalization of $61.72 billion, a price/earnings ratio of 30.80, a PEG ratio of 1.20 and a beta of 1.58. Pioneer Natural Resources (NYSE:PXD- Get a rating) last announced its results on Wednesday, February 16. The oil and gas development company reported earnings per share of $4.58 for the quarter, beating the Zacks consensus estimate of $4.05 by $0.53. Pioneer Natural Resources had a net margin of 14.46% and a return on equity of 15.04%. The company posted revenue of $4.32 billion in the quarter, versus a consensus estimate of $4.79 billion. In the same quarter last year, the company earned earnings per share of $1.07.

The company also recently declared a quarterly dividend, which was paid on Monday, March 14. Investors of record on Monday, February 28 received a dividend of $0.78 per share. The ex-dividend date was Friday, February 25. This is a boost from Pioneer Natural Resources’ previous quarterly dividend of $0.62. This represents a dividend of $3.12 on an annualized basis and a dividend yield of 1.23%. Pioneer Natural Resources’ payout ratio is currently 30.06%.

In other news, director Frank A. Risch sold 1,000 shares of the company in a trade that took place on Thursday, March 31. The shares were sold at an average price of $254.81, for a total transaction of $254,810.00. The sale was disclosed in an SEC filing, which is available via the SEC website. Also, CAD Marguerite Montemayor sold 500 shares in a trade that took place on Tuesday, March 29. The stock was sold at an average price of $250.34, for a total value of $125,170.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 99,502 shares of the company valued at $24,082,861. 0.63% of the shares are held by insiders.

A number of large investors have recently changed their positions in PXD. Old North State Trust LLC increased its position in Pioneer Natural Resources by 353.1% during the fourth quarter. Old North State Trust LLC now owns 145 shares of the oil and gas development company valued at $26,000 after acquiring 113 additional shares in the last quarter. Covestor Ltd purchased a new stake in Pioneer Natural Resources during Q4 for $27,000. Massmutual Trust Co. FSB ADV increased its position in Pioneer Natural Resources by 238.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 176 shares of the oil and gas development company valued at $32,000 after acquiring 124 more shares last quarter. JJJ Advisors Inc. increased its position in Pioneer Natural Resources by 132.3% during the third quarter. JJJ Advisors Inc. now owns 216 shares of the oil and gas development company valued at $36,000 after acquiring 123 additional shares in the last quarter. Finally, TimeScale Financial Inc. acquired a new stake in Pioneer Natural Resources during the 3rd quarter for a value of $37,000. 85.41% of the shares are currently held by institutional investors.

About Pioneer Natural Resources (Get a rating)

Pioneer Natural Resources Co operates as an independent oil and gas exploration and production company. The company engages in hydrocarbon exploration in the Cline Shale. It focuses on operating 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 based in Irving, TX.

Featured articles

Earnings history and estimates for Pioneer Natural Resources (NYSE:PXD)

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

Should you invest $1,000 in Pioneer Natural Resources right now?

Before you consider Pioneer Natural Resources, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Pioneer Natural Resources was not on the list.

Although Pioneer Natural Resources currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.