Pioneer Natural Resources (NYSE:PXD) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.07 on revenue of $2.48B. Analysts polled by forecast EPS of $1.68 on revenue of $1.27B. That compared to EPS of $1.22 on revenue of $1.58B in the same period a year earlier. The company had reported EPS of $1.41 on revenue of $2.11B in the previous quarter.
For the year, Pioneer Natural Resources shares are down 14.08%, under-performing the S&P 500 which is up 2.67% year to date.
Pioneer Natural Resources follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported third quarter EPS of $1.46 on revenue of $76.61B, compared to forecasts of EPS of $1.22 on revenue of $75.68B.
Royal Dutch Shell B ADR earnings missed analyst's expectations on November 1, with third quarter EPS of $1.36 on revenue of $100.15B. analysts expected EPS of $1.43 on revenue of $92.76B
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