As of Friday close, Pioneer Natural Resources Company’s (NYSE:PXD) stock was up $0.1, moving up 0.04 percent to $223.07. The average number of shares traded per day over the past five days has been 1,783,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$10.93 fall in that time frame. In the last twenty days, the average volume was 1,777,190, while in the previous 50 days, it was 1,687,344.
Since last month, PXD stock retreated -4.47%. Shares of the company fell to $222.22 on 09/21/23, the lowest level in the past month. A 52-week high of $260.47 was reached on 09/06/23 after having rallying from a 52-week low of $175.04. Since the beginning of this year, PXD’s stock price has risen by 1.07% or -$5.32, and marked a new high 7 times. However, the stock has declined by -14.36% since its 52-week high.
PXD stock investors should be aware that Pioneer Natural Resources Company (PXD) stock had its last reported insider trading activity 318 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.
Valuation Metrics
Right now, Pioneer Natural Resources Company (PXD) has a P/E ratio of about 9.53. The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 2.59, the price-to-book (PB) ratio of 2.37, and the price-to-cash flow ratio of 10.67 may also be considered.
The latest dividend of $1.84 per share was paid out, which is -44.91% less than last year’s $3.34. On Tuesday August 1 2023, a $1.50 dividend decrease was announced.
Financial Health
In the three months ended June 29, Pioneer Natural Resources Company’s quick ratio stood at 0.60, while its current ratio was 0.70, 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 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 52.60% percent. In the year ended June 29, EBITDA margin amounted to 52.85%, whereas operating margins totaled 36.80%. 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 25.90%.
In Pioneer Natural Resources Company’s quarter-end financial report for June 29, it reported total debt of $5.01 billion. 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 fell -50.47% to $4.54 billion during the quarter, while net income inched up to $4.6 billion. While analysts expected Pioneer Natural Resources Company to report $4.17 quarterly earnings, the actual figure was $4.49 per share, beating the consensus estimate by 7.70%. During the quarter, the company generated $2.21 billion in EBITDA. The liabilities of Pioneer Natural Resources Company were 13.49 billion at the end of its most recent quarter ended June 29, and its total debt was $5.71 billion. The value of shareholders’ equity is $233.14 million.
Technical Picture
This quick technical analysis looks at Pioneer Natural Resources Company’s (PXD) price momentum. With a historical volatility rate of 18.95%, the RSI 9-day stood at 24.07% on 22 September.
With respect to its five-day moving average, the current Pioneer Natural Resources Company price is down by -4.67% percent or -$10.93. At present, PXD shares trade -4.17% below its 20-day simple moving average and +2.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.66% above its SMA50 and -3.17% below its SMA200.
Stochastic coefficient K was 2.91% and Stochastic coefficient D was 7.67%, while ATR was 4.60. Given the Stochastic reading of 3.69% for the 14-day period, the RSI (14) reading has been calculated as 32.95%. As of today, the MACD Oscillator reading stands at -7.00, while the 14-day reading stands at -9.58.
Analyst Ratings
JP Morgan upgraded its rating on Pioneer Natural Resources Company (NYSE: PXD) to an Overweight in a note to investors on August 16, 2023. The analysts firm previously had a Neutral 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 15 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 2 analysts rate Pioneer Natural Resources Company stock as buy, with 14 recommending it as overweight.
With a median target price of $260.00, the current consensus forecast for the stock is $225.00 – $332.00. Based on these forecasts, analysts predict Pioneer Natural Resources Company (PXD) will achieve an average price target of $261.09.
