Market Update (NYSE:PXD): Pioneer Natural Resources To Present At The Citi Global Energy & Utilities Conference

[Business Wire] – Pioneer Natural Resources Company today announced that Scott Sheffield, Chairman and Chief Executive Officer, will present at the Citi Global Energy & Utilities Conference on Wednesday, May 11, 2016 at 11:00 a.m. Read more on this. Pioneer Natural Resources Co. (PXD) , valued at $27.10B, opened at $165.81. Looking at the stock, its one day range is $163.49 to $166.77 with the price of the stock fluctuating between $103.50 to $174.40 over the last 52 weeks. PXD shares are currently priced at -112.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 3.39x forward p/e ratio. 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 $-0.51 per share would be $0.10 better than the year-ago quarter and a $0.00 sequential increase. The full-year EPS estimate is $-1.47 which would be a $1.35 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $784.46 Million. If realized, that would be a 21.06% 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 it is $177.70, which is 7.17% above where the stock opened. See more in (NYSE:PXD) Similar Articles: Company Update (NYSE:PXD): Pioneer Natural Resources Announces Date for Annual Meeting 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