Analysis Of The Weekly Performance Of Pioneer Natural Resources Company (PXD)

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Pioneer Natural Resources Company (NYSE:PXD) finished Wednesday with a subtraction of -$3.74 to close at $228.00, a downside of -1.61 percent. An average of 3,085,740 shares of common stock have been traded in the last five days. There was a fall of -$23.70 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 2,503,245 shares traded, while the 50-day average volume stands at 2,305,264.

PXD stock has decreased by -3.44% in the last month. The company shares reached their 1-month lowest point of $227.99 on 09/21/22. With the stock rallying to its 52-week high on 05/31/22, shares of the company touched a low of $134.99 and a high of $279.76 in 52 weeks. It has reached a new high 28 times so far this year and achieved 34.16% or $46.12 in price. In spite of this, the price is down -18.50% from the 52-week high.


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Insider Transactions

106 days have passed since Pioneer Natural Resources Company (PXD) last reported insider trading activity. BERG MARK STEPHEN, who is EVP, Corporate Operations, most recently acquired $2,500 shares at $286.90 per share on Jun 08. In this transaction, the insider spent $717,250. SVP, Human Resources, Taylor Tyson L., disposed of 1,835 shares at a price of $279.02 on Jun 03. The insider now owns more than $512,002 worth of shares. Prior to that, EVP, Corporate Operations BERG MARK STEPHEN went on to Sale 2,500 shares at $274.41 each on May 17. An amount of $686,025 was transacted.

Valuation Metrics

Pioneer Natural Resources Company (PXD) has a trailing price-to-earnings (P/E) ratio of 9.43. The stock’s beta is 1.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.34, the price-to-book (PB) ratio at 2.32, and the price-to-cash flow ratio at 9.81.

The company has a payout ratio of 28.60%. The company’s most recent quarterly dividend payment was $8.57 a share, representing a up of 16.12% from $7.38 last year. Its latest increase dividend $1.19 reported on Tuesday August 2 2022.

Financial Health

The quick ratio of Pioneer Natural Resources Company for the three months ended June 29 was 1.20, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.24 for the quarter ending June 29. Its gross profit as reported stood at $3.32 billion compared to revenue of $14.64 billion.

Earnings Surprise

For the three-month period that ended June 29, Pioneer Natural Resources Company had $506.0 million in cash and short-term investments compared to $4.58 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.37 billion in the quarter, while revenues were grew 102.95%. The analyst consensus anticipated Pioneer Natural Resources Company’s latest quarter earnings to come in at $8.75 per share, but it turned out to be $9.36, a 7.00% surprise. For the quarter, EBITDA amounted to $3.71 billion. Shareholders own equity worth $238.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Pioneer Natural Resources Company (PXD) price momentum. RSI 9-day as of the close on 21 September was 35.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.80%.

As of today, PXD’s price is $235.67 -9.42% or -$23.70 from its 5-day moving average. PXD is currently trading -9.44% lower than its 20-day SMA and -2.97% lower than its 100-day SMA. However, the stock’s current price level is +8.40% above the SMA50 and +28.89% above the SMA200.

The stochastic %K and %D were 8.56% and 16.88%, respectively, and the average true range (ATR) was 8.69. With the 14-day stochastic at 0.04% and the average true range at 8.70, the RSI (14) stands at 41.20%. The stock has reached -8.51 on the 9-day MACD Oscillator while the 14-day reading was at -8.29.

Analyst Ratings

KeyBanc Capital Markets launched coverage on Pioneer Natural Resources Company (NYSE: PXD) in its analyst report released on September 20, 2022. The firm assigned the stock an Overweight rating. The consensus rating for Pioneer Natural Resources Company (PXD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PXD, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 16 others rate it as a “buy”.

What is PXD’s price target for the next 12 months?

Analysts predict a range of price targets between $240.00 and $337.00, with a median target of $287.50. Taking a look at these predictions, the average price target given by analysts for Pioneer Natural Resources Company (PXD) stock is $285.90.

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