Pioneer Natural Resources Company (PXD) Reached A New High 1 time During The Past Five Days

As of Friday close, Pioneer Natural Resources Company’s (NYSE:PXD) stock was up $4.29, moving up 2.02 percent to $217.15. The average number of shares traded per day over the past five days has been 2,940,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$19.80 fall in that time frame. In the last twenty days, the average volume was 2,185,535, while in the previous 50 days, it was 2,827,558.

Since last month, PXD stock rose 0.22%. Shares of the company fell to $200.09 on 07/14/22, the lowest level in the past month. A 52-week high of $288.46 was reached on 05/31/22 after having rallying from a 52-week low of $128.98. Since the beginning of this year, PXD’s stock price has risen by 23.92% or $35.27, and marked a new high 28 times. However, the stock has declined by -24.72% since its 52-week high.

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Pioneer Natural Resources Company (PXD) last reported insider trading activity 59 days ago on Jun 08. BERG MARK STEPHEN, the EVP, Corporate Operations of the company, disposed of 2,500 shares for $286.90 on Jun 08. It resulted in a $717,250 divestment by the insider. Taylor Tyson L. sold 1,835 shares at an average price of $279.02 on Jun 03. The insider now owns 4,876 shares following the transaction. On May 17, EVP, Corporate Operations BERG MARK STEPHEN sold 2,500 shares at $274.41 apiece. The transaction was valued at $686,025.

Valuation Metrics

Right now, Pioneer Natural Resources Company (PXD) has a P/E ratio of about 13.25. The stock’s beta is 1.54. Besides these, the trailing price-to-sales (P/S) ratio of 2.40, the price-to-book (PB) ratio of 2.23, and the price-to-cash flow ratio of 9.04 may also be considered.

The latest dividend of $8.57 per share was paid out, which is 16.12% more than last year’s $7.38. On Tuesday August 2 2022, a $1.19 dividend increase was announced.

Financial Health

In the three months ended June 29, Pioneer Natural Resources Company’s quick ratio stood at 1.40, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.23, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is 53.90% percent. In the year ended June 29, operating margins totaled 38.80%. Based on annual data, PXD earned $3.32 billion in gross profit and brought in $14.64 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.20%. Return on equity (ROE) for the past 12 months was 18.20%.

In Pioneer Natural Resources Company’s quarter-end financial report for June 29, it reported total debt of $4.58 billion against cash and short-term investments of $506.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PXD’s revenue rose 64.68% to $6.17 billion during the quarter, while net income inched up to $6.92 billion. While analysts expected Pioneer Natural Resources Company to report $8.74 quarterly earnings, the actual figure was $9.36 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated $3.71 billion in EBITDA. The liabilities of Pioneer Natural Resources Company were 13.51 billion at the end of its most recent quarter ended June 29, and its total debt was $6.04 billion. The value of shareholders’ equity is $238.67 million.

Technical Picture

This quick technical analysis looks at Pioneer Natural Resources Company’s (PXD) price momentum. With a historical volatility rate of 44.11%, the RSI 9-day stood at 45.16% on 05 August.

With respect to its five-day moving average, the current Pioneer Natural Resources Company price is down by -8.36% percent or -$19.80. At present, PXD shares trade -0.16% below its 20-day simple moving average and -5.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.94% below its SMA50 and +13.76% above its SMA200.

Stochastic coefficient K was 33.38% and Stochastic coefficient D was 48.49%, while ATR was 9.34. Given the Stochastic reading of 33.71% for the 14-day period, the RSI (14) reading has been calculated as 45.18%. As of today, the MACD Oscillator reading stands at -7.26, while the 14-day reading stands at -4.06.

Analyst Ratings

Pioneer Natural Resources Company (PXD) has been rated Overweight by analysts. According to 0 brokerage firms, PXD is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Pioneer Natural Resources Company stock as buy, with 18 recommending it as overweight.

With a median target price of $296.00, the current consensus forecast for the stock is $244.00 – $422.00. Based on these forecasts, analysts predict Pioneer Natural Resources Company (PXD) will achieve an average price target of $295.73.


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