Pioneer Natural Resources (PXD) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $-0.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $-0.75. The company posted revenue of $685.00 million in the period, compared to analysts expectations of $752.01 million. The company’s revenue was down -21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.
Many Wall Street Analysts have commented on Pioneer Natural Resources. Company shares were Reiterated by Deutsche Bank on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 180 from a previous price target of $159 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy” and Lowered the Price Target to $ 159 from a previous price target of $165 .Pioneer Natural Resources was Downgraded by KLR Group to ” Accumulate” on Mar 21, 2016.
Pioneer Natural Resources opened for trading at $151.74 and hit $155.44 on the upside on Friday, eventually ending the session at $153.15, with a gain of 1.67% or 2.52 points. The heightened volatility saw the trading volume jump to 22,47,849 shares. Company has a market cap of $25,004 M.
In a different news, on Dec 3, 2015, Scott D Sheffield (Chairman & CEO) sold 10,000 shares at $149.09 per share price. According to the SEC, on Nov 24, 2015, Mark Stephen Berg (EVP, Corporate) sold 3,000 shares at $147.95 per share price. On Nov 24, 2015, Chris J Cheatwood (EVP, BD & Geoscience) sold 8,397 shares at $145.11 per share price, according to the Form-4 filing with the securities and exchange commission.
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company focuses on production of oil natural gas liquid (NGLs) and gas through development drilling production enhancement activities and acquisitions of producing properties. The Company’s properties include Spraberry/Wolfcamp oil field located in West Texas; the liquid-rich Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle and the Edwards gas field located in South Texas. The Company’s operations include well stimulation and hydraulic fracturing. The Company’s proved reserves include approximately 89 million Bbls (MMBbl) of oil 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.