Pioneer Natural Resources Company (NYSE:PXD) finished Friday with an addition of $1.0 to close at $233.78, an upside of 0.43 percent. An average of 1,295,700 shares of common stock have been traded in the last five days. There was a fall of -$4.08 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,681,420 shares traded, while the 50-day average volume stands at 1,707,252.
PXD stock has increased by 5.95% in the last month. The company shares reached their 1-month lowest point of $217.04 on 07/26/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $175.47 and a high of $261.11 in 52 weeks. It has reached a new high 5 times so far this year and achieved 5.66% or $5.39 in price. In spite of this, the price is down -10.47% from the 52-week high.
Valuation Metrics
Pioneer Natural Resources Company (PXD) has a trailing price-to-earnings (P/E) ratio of 9.99. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.66, the price-to-book (PB) ratio at 2.49, and the price-to-cash flow ratio at 10.97.
The company has a payout ratio of 107.50%. The company’s most recent quarterly dividend payment was $1.84 a share, representing a down of -44.91% from $3.34 last year. Its latest decrease dividend $1.50 reported on Tuesday August 1 2023.
Financial Health
The quick ratio of Pioneer Natural Resources Company for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.23 and a total debt to equity ratio of 0.24 for the quarter ending June 29. Pioneer Natural Resources Company’s EBITDA margin for the year ending June 29 is 52.85%, while its operating margin for the same period stands at 36.80%. Its gross profit as reported stood at $10.27 billion compared to revenue of $24.29 billion.
Earnings Surprise
For the three-month period that ended June 29, Pioneer Natural Resources Company had $5.01 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 $1.1 billion in the quarter, while revenues of $1.22 billion were shrunk -115.15%. The analyst consensus anticipated Pioneer Natural Resources Company’s latest quarter earnings to come in at $4.17 per share, but it turned out to be $4.49, a 7.70% surprise. For the quarter, EBITDA amounted to $2.21 billion. Shareholders own equity worth $233.14 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 25 August was 54.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.44%.
As of today, PXD’s price is $234.61 -1.72% or -$4.08 from its 5-day moving average. PXD is currently trading +4.65% higher than its 20-day SMA and +9.57% higher than its 100-day SMA. However, the stock’s current price level is +16.15% above the SMA50 and -9.36% below the SMA200.
The stochastic %K and %D were 51.13% and 57.63%, respectively, and the average true range (ATR) was 4.29. With the 14-day stochastic at 52.95% and the average true range at 4.45, the RSI (14) stands at 60.13%. The stock has reached -1.50 on the 9-day MACD Oscillator while the 14-day reading was at -1.81.
Analyst Ratings
JP Morgan upgraded Pioneer Natural Resources Company (NYSE: PXD) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Pioneer Natural Resources Company (PXD) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PXD, while 14 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 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 $225.00 and $332.00, with a median target of $260.00. Taking a look at these predictions, the average price target given by analysts for Pioneer Natural Resources Company (PXD) stock is $259.79.
