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Stock Update (NYSE:PXD): Pioneer Natural Resources Company Declares Dividend on Common Shares

[Business Wire] – Pioneer Natural Resources Company announced today that its board of directors declared a cash dividend of $0.04 per share on Pioneer’s outstanding common stock. The dividend is payable April 12, 2016, to stockholders of record at the close of business on March 31, 2016. Read more on this. Pioneer Natural Resources Co. (PXD) , valued at $21.43B, opened at $127.36. Today’s price range has been between $125.03 and $131.34 per share with a one year range of $103.50 to $181.97. PXD shares are currently priced at -82.65x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -2.94x forward p/e ratio. The company pays shareholders $0.08 per share annually in dividends, yielding 0.06%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $-0.72 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $-1.55, which would be a $1.43 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $704.23 Million. If reported, that would be a 18.87% decrease over the year-ago quarter. More recently, Barclays upgraded PXD from Underweight to Equal Weight (Jan 11, 2016). Previously, Citigroup upgraded PXD from Neutral to Buy. The average price target for PXD shares by the analysts covering it is $149.76, which is 17.59% above where the stock opened. See more in (NYSE:PXD) Similar Articles: Market Update (NYSE:PXD): Pioneer Natural Resources Reports Year-End 2015 Proved Reserves and Finding Costs Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources Company Announces Public Offering of Common Stock Market Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources to Present At Two Upcoming Conferences
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