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Company Update (NYSE:PXD): Pioneer Natural Resources To Present At The J.P. Morgan Energy Equity Investor Conference

[Business Wire] – Pioneer Natural Resources Company today announced that Tim Dove, President and Chief Operating Officer, will present at the J.P. Morgan Energy Equity Investor Conference on Tuesday, June 28, at 11:20 a.m. Read more on this. Pioneer Natural Resources Co. (PXD) , currently valued at $25.68B, opened this morning at $153.95. Today’s price range has been between $152.73 and $157.79 per share with a trailing 52-week range being $103.50 to $171.88. Pioneer (PXD) shares are currently priced at -158.71x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -21.14x earnings multiple for the same period. The company pays shareholders $0.08 per share annually in dividends, yielding 0.05%. According to a consensus of 37 analysts, the earnings estimate of $-0.41 per share would be $0.10 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $-0.97 is a $0.85 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $794.02 Million. If realized, that would be a 22.53% 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. Investors should keep in mind is that the average price target is $189.77, which is 23.27% above where the stock opened this morning. See more in (NYSE:PXD) Similar Articles: Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources Company to Acquire Approximately 28,000 Midland Basin Acres for $435 Million and to Add 5 Horizontal Rigs During the Second Half of 2016 Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources to Present at The UBS Global Oil and Gas Conference Market Update (NYSE:PXD): Pioneer Natural Resources To Present At The Citi Global Energy & Utilities Conference
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