The Stock Of The Week: Pioneer Natural Resources Company (PXD)

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As of Friday close, Pioneer Natural Resources Company’s (NYSE:PXD) stock was down -$4.44, moving down -2.38 percent to $182.05. The average number of shares traded per day over the past five days has been 4,619,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$16.73 fall in that time frame. In the last twenty days, the average volume was 3,878,885, while in the previous 50 days, it was 2,667,474.

Since last month, PXD stock retreated -15.79%. Shares of the company fell to $177.26 on 03/16/23, the lowest level in the past month. A 52-week high of $268.64 was reached on 01/17/23 after having rallying from a 52-week low of $177.26. Since the beginning of this year, PXD’s stock price has dropped by -18.55% or -$46.34, and marked a new high 5 times. However, the stock has declined by -32.23% since its 52-week high.

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PXD stock investors should be aware that Pioneer Natural Resources Company (PXD) stock had its last reported insider trading activity 129 days ago on Nov 09. Hernandez Jacinto J, the Director of the company, purchased of 198 shares for $247.13 on Nov 09. It resulted in a $48,932 investment by the insider. Hernandez Jacinto J added 390 shares at an average price of $254.88 on Nov 08. The insider now owns 1,960 shares following the transaction. On Jun 08, EVP, Corporate Operations BERG MARK STEPHEN sold 2,500 shares at $286.90 apiece. The transaction was valued at $717,250.

Valuation Metrics

Right now, Pioneer Natural Resources Company (PXD) has a P/E ratio of about 5.87. The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 1.91, and the price-to-cash flow ratio of 8.76 may also be considered.

The latest dividend of $5.58 per share was paid out, which is -2.28% less than last year’s $5.71. On Wednesday February 22 2023, a $0.13 dividend decrease was announced.

Financial Health

In the three months ended September 29, Pioneer Natural Resources Company’s quick ratio stood at 0.80, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.18, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 54.40% percent. In the year ended September 29, operating margins totaled 41.70%. Based on annual data, PXD earned $10.27 billion in gross profit and brought in $24.29 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 28.80%. Return on equity (ROE) for the past 12 months was 33.70%.

In Pioneer Natural Resources Company’s quarter-end financial report for September 29, it reported total debt of $4.12 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PXD’s revenue rose 12.64% to $6.09 billion during the quarter, while net income inched up to $5.11 billion. While analysts expected Pioneer Natural Resources Company to report $7.5 quarterly earnings, the actual figure was $7.48 per share, beating the consensus estimate by -0.30%. During the quarter, the company generated $2.63 billion in EBITDA. The liabilities of Pioneer Natural Resources Company were 13.2 billion at the end of its most recent quarter ended September 29, and its total debt was $5.59 billion. The value of shareholders’ equity is $235.0 million.

Technical Picture

This quick technical analysis looks at Pioneer Natural Resources Company’s (PXD) price momentum. With a historical volatility rate of 35.52%, the RSI 9-day stood at 24.20% on 17 March.

With respect to its five-day moving average, the current Pioneer Natural Resources Company price is down by -8.42% percent or -$16.73. At present, PXD shares trade -15.86% below its 20-day simple moving average and -31.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.38% below its SMA50 and -34.50% below its SMA200.

Stochastic coefficient K was 15.56% and Stochastic coefficient D was 17.28%, while ATR was 7.83. Given the Stochastic reading of 14.29% for the 14-day period, the RSI (14) reading has been calculated as 27.80%. As of today, the MACD Oscillator reading stands at -11.25, while the 14-day reading stands at -15.64.

Analyst Ratings

Wells Fargo upgraded its rating on Pioneer Natural Resources Company (NYSE: PXD) to an Equal weight in a note to investors on March 03, 2023. The analysts firm previously had an Underweight rating on the stock.Pioneer Natural Resources Company (PXD) has been rated Overweight by analysts. According to 1 brokerage firm, PXD is a sell, and 13 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 16 recommending it as overweight.

With a median target price of $263.00, the current consensus forecast for the stock is $193.00 – $380.00. Based on these forecasts, analysts predict Pioneer Natural Resources Company (PXD) will achieve an average price target of $262.86.


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