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Stock Update: Pioneer Natural Resources Co (NYSE:PXD) – Pioneer Natural Resources Company Announces Public Offering of Common Stock

[Business Wire] – Pioneer Natural Resources Company today announced that it is commencing a public offering of 10.5 million shares of its common stock. BofA Merrill Lynch, Citigroup, Credit Suisse and J.P. Read more on this. Pioneer Natural Resources Co. (PXD) , with a current market cap of $18.70B, opened at $124.35. Looking at the stock, its one day range is $122.84 to $126.09 with its 52-week range being $105.83 to $181.97. Priced at -4,145.00x this year’s forecasted earnings, PXD shares are relatively inexpensive compared to the industry’s 2.53x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.08 per share annually in dividends, yielding 0.06%. Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $-0.05 per share, which would be $0.80 better than the year-ago quarter and a $0.06 sequential increase. What we find to be interesting is that the full-year EPS estimate of $-0.03 is a $4.79 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 $837.50 Million. If realized, that would be a 49.85% decrease over the year-ago quarter. More recently, Societe Generale upgraded PXD from Sell to Hold (Nov 4, 2015). Previously, Susquehanna Initiated PXD at to Positive. The average price target for PXD shares by the analysts covering the stock is $167.05, which is 34.34% 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 Announces Pricing of Offering of $500 Million of Senior Notes Due 2021 and $500 Million of Senior Notes Due 2026 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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