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Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources to Present at The UBS Global Oil and Gas Conference

[Business Wire] – Pioneer Natural Resources Company today announced that Rich Dealy, Executive Vice President and Chief Executive Officer, will present at The UBS Global Oil and Gas Conference on Wednesday, May 25, at 9:15 a.m. Read more on this. Pioneer Natural Resources Co. (PXD) , with a current value of $27.32B, opened this morning at $166.12. Looking at today’s market, PXD one day range is $163.30 to $168.50 and has traded between $103.50 and $171.88 over the past year. Priced at -130.27x this year’s forecasted earnings, PXD shares are relatively inexpensive compared to the industry’s 1.44x forward p/e ratio. And for income investors, the company pays shareholders $0.08 per share annually in dividends, yielding 0.05%. Consensus earnings for the current quarter by the 38 sell-side analysts covering the stock is an estimate of $-0.46 per share, which would be $0.10 better than the year-ago quarter and a $0.00 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $-1.26, which would be a $1.14 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $794.07 Million. If realized, that would be a 22.54% increase over the year-ago quarter. More recently, Alembic Global Advisors upgraded PXD from Neutral to Overweight (Apr 26, 2016). Previously, KLR Group downgraded PXD from Buy to Accumulate. The average price target for PXD shares by the analysts covering the stock is $178.90, which is 7.69% above where the stock opened this morning. See more in (NYSE:PXD) Similar Articles: Market Update (NYSE:PXD): Pioneer Natural Resources To Present At The Citi Global Energy & Utilities Conference Stock Update (NYSE:PXD): Pioneer Natural Resources Company Declares Dividend on Common Shares Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources Company Announces Public Offering of Common Stock
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