Investing.com - Pioneer Natural reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.15 on revenue of $2.26B. Analysts polled by Investing.com forecast EPS of $1.18 on revenue of $1.8B. That compared to EPS of $1.83 on revenue of $2.41B in the same period a year earlier. The company had reported EPS of $2.36 on revenue of $2.64B in the previous quarter.
Pioneer Natural shares gained 0.21% to trade at $82.00 in after-hours trade following the report.
For the year, Pioneer Natural shares are down 45.94%, under-performing the S&P 500 which is down 12.21% year to date.
Pioneer Natural follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported first quarter EPS of $0.53 on revenue of $56.16B, compared to forecasts of EPS of $0.01 on revenue of $53.53B.
Chevron earnings beat analyst's expectations on Friday, with first quarter EPS of $1.29 on revenue of $31.5B. Investing.com analysts expected EPS of $0.65 on revenue of $29.14B
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