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Pioneer Natural Resources (PXD) Stock Price, News & Analysis

$267.72
-1.28 (-0.48%)
(As of 10:57 AM ET)
Today's Range
$265.43
$270.35
50-Day Range
$225.34
$275.32
52-Week Range
$196.74
$278.83
Volume
733,205 shs
Average Volume
1.99 million shs
Market Capitalization
$62.54 billion
P/E Ratio
13.23
Dividend Yield
1.87%
Price Target
$259.00

Pioneer Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
3.5% Downside
$259.00 Price Target
Short Interest
Healthy
2.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
1.32mentions of Pioneer Natural Resources in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$9.07 M Sold Last Quarter
Proj. Earnings Growth
7.66%
From $20.88 to $22.48 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.97 out of 5 stars

Oils/Energy Sector

56th out of 246 stocks

Crude Petroleum & Natural Gas Industry

21st out of 78 stocks

PXD stock logo

About Pioneer Natural Resources Stock (NYSE:PXD)

Pioneer Natural Resources Co. is an American hydrocarbon exploration and production company headquartered in Irving, Texas. As of December 2022, the company is ranked 248th on the Fortune 500 list, up from 428th in 2021. Pioneer Natural Resources Co. is the largest acreage holder in the Spraberry Trend of the Permian Basin. 

Pioneer Natural Resources formed in 1997 following the merger of MESA Inc. and Parker & Parsley Petroleum Company, owned by T. Boone Pickens. This merger set the tone for Pioneer Natural Resources’ growth over the next two decades, as the company made multiple acquisitions, divestitures and discoveries of oil and gas reserves. 

In 2002, Pioneer discovered its first oil discoveries on the Alaska North Slope, followed by the first independent production in 2008. In 2004, Pioneer acquired Evergreen Resources in a $2.1 billion transaction. The company also formed a joint venture with Reliance Industries in 2006, purchasing the assets of the Eagle Ford Group for $1.15 billion. In 2015, that joint venture went to Enterprise Products Partners for $2.15 billion. 

In April 2012, Pioneer Natural Resources purchased Carmeuse Industrial Sands, a silica sand manufacturer, for $297 million, followed by the sale of a 40% interest in approximately 207,000 net acres leased in horizontal Wolfcamp Shale to Sinochem Petroleum USA LLC for $1.7 billion in May 2013. The company sold non-producing assets in the Hugoton Basin to Linn Energy for $340 million in 2014. 

In 2016, Pioneer Natural Resources acquired 28,000 acres in the Midland Basin for $435 million. Then, 2,000 acres sold in Martin County, Texas, for $266 million in March 2017. In April 2021, the company acquired DoublePoint Energy for approximately $6.4 billion. In January 2021, the company continued acquisitions by purchasing Parsley Energy. 

Pioneer Natural Resources is a significant player in hydrocarbon exploration and production. The company holds substantial reserves of natural resources to help it compensate for lean production times. Pioneer Natural Resources is the largest acreage holder of land in the Permian Basin, providing plenty of room for the company to grow. The company has engaged in several significant acquisitions and divestitures over the years, including the acquisition of Evergreen Resources in 2004 and the sale of non-producing assets in the Hugoton Basin to Linn Energy in 2014. Pioneer Natural Resources is well-positioned for continued growth and success in the future.

PXD Stock Price History

PXD Stock News Headlines

“Forget Tesla, this is Elon’s Next Big Thing”
According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.
“Forget Tesla, this is Elon’s Next Big Thing”
According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.
Pioneer Natural Resources (NYSE:PXD) PT Raised to $282.00
Unveiling 6 Analyst Insights On Pioneer Natural Resources
PXD Mar 2024 237.500 call
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/22 Dividend
3/01/2024
Dividend Payable
3/22/2024
Today
4/16/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
72378710
Employees
2,213
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$259.00
High Stock Price Target
$332.00
Low Stock Price Target
$224.00
Potential Upside/Downside
-3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
21 Analysts

Profitability

Net Income
$4.89 billion
Pretax Margin
32.26%

Debt

Sales & Book Value

Annual Sales
$19.36 billion
Cash Flow
$34.49 per share
Book Value
$99.32 per share

Miscellaneous

Free Float
232,338,000
Market Cap
$62.85 billion
Optionable
Optionable
Beta
1.31

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Should I Buy Pioneer Natural Resources Stock? PXD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Pioneer Natural Resources:

  • Pioneer Natural Resources operates as an independent oil and gas exploration and production company in the United States, focusing on oil, natural gas liquids (NGLs), and gas, which are essential energy sources with consistent demand.
  • The company has operations in the Midland Basin in West Texas, a region known for its rich oil and gas reserves, providing a strategic advantage for production and exploration activities.
  • Recent developments in the oil and gas market have shown an increase in demand and prices, potentially leading to higher revenues and profitability for Pioneer Natural Resources.
  • With a strong track record since its founding in 1997, Pioneer Natural Resources has demonstrated resilience and adaptability in the volatile energy sector, offering stability to investors.
  • Considering the current stock price and market trends, investing in Pioneer Natural Resources may present an opportunity for capital appreciation and potential dividends for shareholders.

Cons

Investors should be bearish about investing in Pioneer Natural Resources for these reasons:

  • The oil and gas industry is subject to market fluctuations and geopolitical factors, which can impact the profitability and stock performance of companies like Pioneer Natural Resources.
  • Environmental concerns and regulations surrounding fossil fuel extraction and production could pose challenges to the operations and reputation of Pioneer Natural Resources in the long term.
  • Dependency on oil and gas prices exposes Pioneer Natural Resources to commodity price risks, affecting revenue streams and overall financial performance.
  • Competitive pressures within the energy sector may limit the company's growth potential and market share, leading to intensified competition and margin pressures.
  • Uncertainties in global energy policies and transitions towards renewable energy sources could influence the demand for traditional oil and gas products, impacting the future prospects of Pioneer Natural Resources.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Pioneer Natural Resources pros and cons to contact@marketbeat.com.

PXD Stock Analysis - Frequently Asked Questions

Should I buy or sell Pioneer Natural Resources stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pioneer Natural Resources in the last twelve months. There are currently 2 sell ratings, 15 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PXD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PXD, but not buy additional shares or sell existing shares.
View PXD analyst ratings
or view top-rated stocks.

What is Pioneer Natural Resources' stock price target for 2024?

21 analysts have issued 1 year price objectives for Pioneer Natural Resources' stock. Their PXD share price targets range from $224.00 to $332.00. On average, they expect the company's share price to reach $259.00 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for PXD
or view top-rated stocks among Wall Street analysts.

How have PXD shares performed in 2024?

Pioneer Natural Resources' stock was trading at $224.88 at the start of the year. Since then, PXD shares have increased by 19.4% and is now trading at $268.40.
View the best growth stocks for 2024 here
.

Are investors shorting Pioneer Natural Resources?

Pioneer Natural Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 6,330,000 shares, an increase of 22.0% from the February 29th total of 5,190,000 shares. Based on an average trading volume of 2,080,000 shares, the short-interest ratio is currently 3.0 days. Approximately 2.7% of the company's shares are sold short.
View Pioneer Natural Resources' Short Interest
.

When is Pioneer Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PXD earnings forecast
.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) released its earnings results on Thursday, February, 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by $0.13. The oil and gas development company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 22.42% and a net margin of 25.28%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.91 EPS.

How often does Pioneer Natural Resources pay dividends? What is the dividend yield for Pioneer Natural Resources?

Pioneer Natural Resources declared a quarterly dividend on Thursday, February 22nd. Stockholders of record on Monday, March 4th will be given a dividend of $2.56 per share on Friday, March 22nd. This represents a $10.24 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for PXD
.

Is Pioneer Natural Resources a good dividend stock?

Pioneer Natural Resources (NYSE:PXD) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.85%. The dividend payout ratio is 24.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 22.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PXD.

What is Scott Sheffield's approval rating as Pioneer Natural Resources' CEO?

41 employees have rated Pioneer Natural Resources Chief Executive Officer Scott Sheffield on Glassdoor.com. Scott Sheffield has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Pioneer Natural Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Pioneer Natural Resources investors own include NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), Micron Technology (MU), Boeing (BA), Bank of America (BAC), Home Depot (HD), Walt Disney (DIS) and Netflix (NFLX).

Who are Pioneer Natural Resources' major shareholders?

Pioneer Natural Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.17%), Douglas Lane & Associates LLC (0.07%), Wealth Enhancement Advisory Services LLC (0.05%), Guinness Asset Management LTD (0.03%), Syquant Capital Sas (0.02%) and Gilman Hill Asset Management LLC (0.02%). Insiders that own company stock include Chris J Cheatwood, Christopher L Washburn, Edison C Buchanan, Frank A Risch, J Kenneth Thompson, Jerome D Hall Jr, Larry R Grillot, Margaret Montemayor, Maria S Dreyfus, Mark H Kleinman, Mark Stephen Berg, Matthew Gallagher, Neal H Shah, Phillip A Gobe, Scott D Sheffield and Tyson L Taylor.
View institutional ownership trends
.

How do I buy shares of Pioneer Natural Resources?

Shares of PXD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Pioneer Natural Resources have any subsidiaries?
The following companies are subsidiares of Pioneer Natural Resources: DMLP CO., Industrial Sands Holding Company, LF Holding Company LDC, Mesa Environmental Ventures Co., PNR Acquisitions LLC, Parker & Parsley Argentina Inc., Parsley Energy, Petroleum South Cape (Pty) Ltd., Pioneer Hutt Wind Energy LLC, Pioneer International Resources Company, Pioneer Natural Gas Company, Pioneer Natural Resources (Tierra del Fuego) S.R.L., Pioneer Natural Resources Foundation, Pioneer Natural Resources Pumping Services LLC, Pioneer Natural Resources South Africa (Pty) Limited, Pioneer Natural Resources USA Inc., Pioneer Natural Resources Well Services LLC, Pioneer Resources Gabon Limited, Pioneer Sands LLC, Pioneer Uravan Inc., Pioneer Water Management LLC, and TDF Holding Company LDC.
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This page (NYSE:PXD) was last updated on 4/16/2024 by MarketBeat.com Staff

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