Headlines about Pioneer Natural Resources (NYSE:PXD) have been trending somewhat positive on Monday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Natural Resources earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas development company an impact score of 47.4915828049633 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
Pioneer Natural Resources (PXD) traded up $5.98 on Monday, hitting $171.03. The company had a trading volume of 1,976,766 shares, compared to its average volume of 1,919,456. The firm has a market cap of $29,100.00, a PE ratio of 34.90, a P/E/G ratio of 2.84 and a beta of 0.92. The company has a current ratio of 1.41, a quick ratio of 1.31 and a debt-to-equity ratio of 0.20. Pioneer Natural Resources has a 1-year low of $125.46 and a 1-year high of $199.83.
Pioneer Natural Resources (NYSE:PXD) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.63. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Pioneer Natural Resources had a return on equity of 3.45% and a net margin of 13.69%. The company’s revenue was up 48.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. equities analysts expect that Pioneer Natural Resources will post 5.39 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a dividend yield of 0.18%. This is a boost from Pioneer Natural Resources’s previous semiannual dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio is currently 1.63%.
Pioneer Natural Resources announced that its board has authorized a share repurchase program on Tuesday, February 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Several research firms have issued reports on PXD. Cowen set a $225.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Thursday, January 18th. SunTrust Banks cut Pioneer Natural Resources from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Tuesday, February 6th. Piper Jaffray Companies set a $226.00 target price on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Friday. B. Riley began coverage on Pioneer Natural Resources in a research report on Monday, February 5th. They set a “buy” rating and a $305.00 target price on the stock. Finally, TheStreet upgraded Pioneer Natural Resources from a “c” rating to a “b” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the company. Pioneer Natural Resources has an average rating of “Buy” and a consensus target price of $207.88.
In other Pioneer Natural Resources news, CFO Richard P. Dealy sold 5,523 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $164.23, for a total transaction of $907,042.29. Following the sale, the chief financial officer now owns 76,297 shares in the company, valued at approximately $12,530,256.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy L. Dove sold 1,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $159.51, for a total value of $159,510.00. Following the sale, the chief executive officer now owns 259,083 shares in the company, valued at approximately $41,326,329.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,106 shares of company stock worth $4,444,339. Insiders own 0.89% of the company’s stock.
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Pioneer Natural Resources Company Profile
Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.
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