The stock of Pioneer Natural Resources Company (NYSE:PXD) increased by $0.64 on Wednesday to $238.40, up 0.27 percent. The last five days have seen an average of 1,007,944 shares of common stock traded. 5 times new highs were reached in the current year, with a gain of $9.58. The average number of shares traded over the last 20 days was 1,387,966, while the average volume over the last 50 days totaled 1,586,702.
PXD stock appreciated 6.10% since last month. On 08/01/23, the company’s shares reached a one-month low of $221.50. The stock touched a high of $261.11 on 01/17/23, after rallying from a low of $175.47 in 52 weeks. The price of PXD stock has risen by 7.75% or $9.58 this year, reaching a new high 5 times. Still, the stock price is down -8.70% from the 52-week high.
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Insider Transactions
PXD stock investors should be aware that Pioneer Natural Resources Company (PXD) stock had its last reported insider trading activity 294 days ago on Nov 09. On Nov 09, Director Hernandez Jacinto J acquired 198 shares at $247.13 each. This transaction resulted in the insider spending $48,932. On Nov 08, Hernandez Jacinto J added 390 shares at a price of US$254.88. After the transaction, the insider now owns 1,960 shares.
Valuation Metrics
Pioneer Natural Resources Company (PXD) has a trailing price-to-earnings (P/E) ratio of 10.18. Beta for the stock is 1.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.71, the price-to-book (PB) ratio of 2.54, and the price-to-cash flow ratio of 11.20.
Company paid $1.84 per share in dividends, a decrease of -44.91% from $3.34 last year. A $1.50 dividend decrease was reported on Tuesday August 1 2023.
Financial Health
For the three months ended June 29, Pioneer Natural Resources Company’s quick ratio was 0.60, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.23, and the total debt to equity ratio is 0.24. As far as profitability goes, gross margin for the trailing twelve months is 52.60% percent. Pioneer Natural Resources Company’s EBITDA margin for the year ended June 29 was 52.85%, whereas its operating margin stood at 36.80% for the same period. Based on annual data, it had gross profit of $10.27 billion and revenue of $24.29 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PXD’s return on assets (ROA) during the last 12 months has been 16.10%. There was a 28.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.90%.
Earnings Surprise
According to Pioneer Natural Resources Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.6 billion, while revenues fell by -50.47% to $4.54 billion. It was predicted that Pioneer Natural Resources Company’s quarterly earnings would be $4.49, but it ended up being $4.17, beating the consensus by 7.70%. EBITDA was $2.21 billion for the quarter. At the end of Pioneer Natural Resources Company’s most recent quarter ended June 29, its liabilities totaled 13.49 billion, while its total debt was $5.71 billion. Equity owned by shareholders amounts to $233.14 million.
Technical Picture
Here’s a quick look at Pioneer Natural Resources Company’s (PXD) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 66.74%, suggesting the stock is Neutral, with a 9.78% historical volatility rate.
The stochastic %K and %D were 73.00% and 63.64% respectively, while the average true range (ATR) was 3.81. Based on the 14-day stochastic reading of 79.24%, the RSI (14) reading is 66.61%. On the 9-day MACD Oscillator, the stock is at 1.49, and the 14-day reading is at 1.58.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on Pioneer Natural Resources Company (NYSE: PXD) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Pioneer Natural Resources Company (PXD) an Overweight rating. PXD is a stock that is recommended for selling by 1 brokerage firm, while 14 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is PXD’s price target for the next 12 months?
The current consensus forecast for the stock is between $225.00 and $332.00, with a median target price of $262.00. In analyzing these forecasts, the average price target given by analysts for Pioneer Natural Resources Company (PXD) is $260.50.
