Pioneer Natural Resources Co. (NYSE:PXD) saw an upside of 3.32% to $235.43 after adding $7.56 on Wednesday. The 5-day average trading volume is 1,649,580 shares of the company’s common stock. It has gained $236.27 in the past week and touched a new high 2 times within the past 5 days. An average of 1,813,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,678,606.
PXD’s 1-month performance is -0.18% or $1.48 on its low of $222.22 reached on 09/21/23. The company’s shares have touched a 52-week low of $175.04 and high of $260.47, with the stock’s rally to the 52-week high happening on 09/06/23. YTD, PXD has achieved 6.67% or $6.87 and has reached a new high 7 times. However, the current price is down -9.61% from the 52-week high price.
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Valuation Metrics
PXD stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.69 while the price-to-book (PB) in the most recent quarter is 2.49, with the price to cash flow ratio at 11.15.
Pioneer Natural Resources Co.’s quick ratio for the period ended June 29 was 0.59, with the current ratio over the same period at 0.73. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.24, while the total debt to equity was 0.26. In terms of profitability, the gross margin trailing 12 months is 40.28%. The trailing 12-month EBITDA margin is 52.85% while for the period ending June 29, Pioneer Natural Resources Co.’s operating margin was 37.56%. The firm’s gross profit as reported stood at $10.27 billion against revenue of $24.29 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -115.15% to $1.1 billion, while revenue of $1.22 billion was -10.89% off the previous quarter. Analysts expected PXD to announce $4.17 per share in earnings in its latest quarter, but it posted $4.49, representing a 7.70% surprise. EBITDA for the quarter stood at more than $2.21 billion. PXD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 13.49 billion, with total debt at $5.71 billion. Shareholders hold equity totaling $233.14 million.
Let’s look briefly at Pioneer Natural Resources Co. (PXD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 57.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.27%.
The stock’s 5-day moving average is $226.94, reflecting a +2.83% or $6.49 change from its current price. PXD is currently trading -1.05% above its 20-day SMA, +14.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.43% and SMA200 by+6.32%.
Stochastic %K and %D was 37.49% and 20.04% and the average true range (ATR) pointed at 4.86. The RSI (14) points at 54.75%, while the 14-day stochastic is at 69.71% with the period’s ATR at 4.68. The stock’s 9-day MACD Oscillator is pointing at -0.08 and -2.48 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Pioneer Natural Resources Co. (NYSE: PXD), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock.
