Pioneer Natural Resources Co. (NYSE:PXD) finished Friday with a subtraction of -$4.64 to close at $229.55, a downside of -1.98 percent. An average of 1,802,100 shares of common stock have been traded in the last five days. There was a gain of $6.48 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,906,255 shares traded, while the 50-day average volume stands at 1,722,206.
PXD stock has decreased by -3.34% in the last month. The company shares reached their 1-month lowest point of $222.22 on 09/21/23. With the stock rallying to its 52-week high on 09/06/23, shares of the company touched a low of $175.04 and a high of $260.47 in 52 weeks. It has reached a new high 7 times so far this year and achieved 4.01% or $1.16 in price. In spite of this, the price is down -11.87% from the 52-week high.
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Valuation Metrics
Pioneer Natural Resources Co. (PXD) has a trailing price-to-earnings (P/E) ratio of 9.79. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.62, the price-to-book (PB) ratio at 2.43, and the price-to-cash flow ratio at 10.87.
The company has a payout ratio of 81.81%. 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 Co. for the three months ended June 29 was 0.59, and the current ratio was 0.73, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.24 and a total debt to equity ratio of 0.26 for the quarter ending June 29. Its gross profit as reported stood at $10.27 billion compared to revenue of $24.29 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Pioneer Natural Resources Co.’s return on assets was 15.87%.
Earnings Surprise
For the three-month period that ended June 29, Pioneer Natural Resources Co. 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 Co.’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 Co. (PXD) price momentum. RSI 9-day as of the close on 29 September was 44.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.23%.
As of today, PXD’s price is $230.25 +2.90% or $6.48 from its 5-day moving average. PXD is currently trading -3.52% lower than its 20-day SMA and +8.10% higher than its 100-day SMA. However, the stock’s current price level is +7.70% above the SMA50 and +4.84% above the SMA200.
The stochastic %K and %D were 57.03% and 48.15%, respectively, and the average true range (ATR) was 4.78. With the 14-day stochastic at 43.37% and the average true range at 4.65, the RSI (14) stands at 46.24%. The stock has reached 3.72 on the 9-day MACD Oscillator while the 14-day reading was at 1.28.
Analyst Ratings
JP Morgan upgraded Pioneer Natural Resources Co. (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 Co. (PXD) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PXD, while 15 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 $264.00. Taking a look at these predictions, the average price target given by analysts for Pioneer Natural Resources Co. (PXD) stock is $261.78.
