Pioneer Natural Resources Company (NYSE:PXD) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PXD is expected to report 3Q20 income of $ 0.25 per share from revenue of $ 817.16 million.
For the full year, analysts anticipate top line of $ 3474.84 million, while looking forward to income of $ 1.66 per share bottom line.
Previous Quarter Performance
Pioneer Natural Resources Company outlined loss for the second quarter of $ 0.32 per share, from the revenue of $ 600.00 million. The quarterly revenues declined 49.83 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.35 per share from $ 691.14 million in revenue. The bottom line results beat street analysts by $ 0.03 or 8.57 percent, at the same time, top line results fell short of analysts by $ 91.14 million or 13.19 percent.
Stock Performance
Shares of Pioneer Natural Resources Company traded low $ -0.60 or -0.72 percent on Tuesday, reaching $ 82.20 with volume of 1.77 million shares. Pioneer Natural Resources Company has traded high as $ 84.86 and has cracked $ 81.25 on the downward trend
According to the previous trading day, closing price of $ 82.20, representing a 70.30 % increase from the 52 week low of $ 48.62 and a 47.93 % decrease over the 52 week high of $ 159.01.
The company has a market capital of $ 13.50 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Bank of America at Buy rating, with $ 130.00 target price.
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas.
