Pioneer Natural Resources Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Pioneer Natural Resources (NYSE:PXD) will unveil its latest earnings on Monday, February 6, 2012. Pioneer Natural Resources is an oil and gas exploration and production company operating in the United States, South Africa, and Tunisia.

Pioneer Natural Resources Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.01 per share, a rise of 98% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved up. It has risen from 95 cents during the last month. For the year, analysts are projecting net income of $3.80 per share, a rise of more than twofold from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 46 cents, reporting profit of $1.35 per share against a mean estimate of net income of 89 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 46.2% in revenue from the year-earlier quarter to $689.9 million.

Analyst Ratings: 16 out of 24 analysts surveyed (66.7%) have a buy rating on Pioneer Natural Resources.. This is below the mean analyst rating of 10 competitors, which average 76.1% buy ratings.

A Look Back: In the third quarter, profit rose more than threefold to $351.5 million ($2.95 a share) from $112 million (94 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 29.5% to $610.5 million from $471.4 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 46.5% in the second quarter and 42.1% in the first quarter.

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 26.4%.

Stock Price Performance: During December 30, 2011 to January 31, 2012, the stock price had risen $9.82 (11%) from $89.48 to $99.30. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 9.6% (+$8.07) over that span. It saw one of its worst periods between November 16, 2011 and November 25, 2011 when shares fell for seven-straight days, falling 11.5% (-$10.83) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com