Market Update (NYSE:PXD): Pioneer Natural Resources Reports Year-End 2015 Proved Reserves and Finding Costs

[Business Wire] – Pioneer Natural Resources Company today announced that the Company added proved reserves totaling 210 million barrels oil equivalent during 2015 from discoveries, extensions and technical revisions of previous estimates . Read more on this. Pioneer Natural Resources Co. (PXD) , valued at $17.57B, began trading this morning at $109.58. Looking at the equity, the company’s one day range is $108.27 to $113.60 with a one year range of $103.50 to $181.97. Pioneer (PXD) shares are currently priced at -411.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 15.45x earnings multiple for the same period. And for income investors, the company pays shareholders $0.08 per share annually in dividends, yielding 0.07%. In a review of the consensus earnings estimate this quarter, 38 sell-side analysts are looking at $-0.30 per share, which would be $0.80 better than the year-ago quarter and a $0.00 sequential increase. Investors should also note that the full-year EPS estimate of $-0.28 is a $5.04 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 $818.49 Million. If realized, that would be a 50.99% decrease over the year-ago quarter. In terms of ratings, Barclays upgraded PXD from Underweight to Equal Weight (Jan 11, 2016). Previously, Citigroup upgraded PXD from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $154.51, which is 41.00% above than it opened this morning. See more in (NYSE:PXD) Similar Articles: 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 Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources Announces Third Quarter 2015 Earnings Press Release Date and Conference Call
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