Pioneer Natural Resources Company (NYSE:PXD) at last check was buoying at $229.82 on Thursday, September 22, with a rise of 0.80% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $228.00 and 5Y monthly beta was reading 1.48 with its price kept floating in the range of $227.99 and $236.93 on the day. Company’s P/E ratio for the trailing 12 months is 9.43. Considering stock’s 52-week price range provides that PXD hit a high price of $279.76 and saw its price falling to a low level of $137.23 during that period. Over a period of past 1-month, stock came subtracting -3.44% in its value.
With its current market valuation of $55.50 billion, Pioneer Natural Resources Company is set to declare its quarterly results on Nov 01, 2022 – Nov 07, 2022. PXD Stock’s Forward Dividend of 25.44 and its yield of 11.16% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $8.06 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $33.26 for 2022 with estimates of that growing to $28.98 in next year. These estimates are suggesting current year growth of 150.80% for EPS and -12.90% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $4.39 billion. They suggested that in the process company could generate revenue of as low as $3.77 billion which could climb up to $5.29 billion to hit a high. The average estimate is representing an increase of 53.30% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $17.26 billion in 2022, which will be 50.00% more from revenue generated by the company last year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review PXD stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Sell for it.
According to ratings assigned by 33 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 12 of them are recommending Pioneer Natural Resources Company (PXD) as a Hold, while 16 are in view that stock is a Buy. Recommendation by 1 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 4, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the PXD stock which is currently positioned at 0.43. It further provides that stock’s current price level is -5.19% away from its 20-day simple moving average and is 1.15% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.74 while volatility remained at 3.15% over the past week which changes to 3.07% when measuring it over the past month. Beta is valued at 1.47, while measure of average true range or ATR is currently at 8.46. In predicting price targets of as low as $240.00 and as high as $337.00, analysts are in agreement on assigning the stock over the next 12 months average price target of $285.90. Stock’s current price level is -4.43% above from estimated low price target while it is -46.64% below the estimated high; and even if the PXD’s share succeeded to reach the median price of $287.50, then the outlook of -25.1% could come to the excitement of the investors.
In comparing Pioneer Natural Resources Company (PXD)’s stock with other industry players reveals that stock’s latest price change of 0.80% and that of 67.71% over the past 12 months is in competing position with that of EOG Resources Inc. (EOG) which saw its stock price raised by 1.23% in the recent trading and went through an increase of 73.44% in past 12-month trading. Industry’s another major player Devon Energy Corporation (DVN) has fall -0.48% down in latest trading session, but over the past year has faced arise of 134.73%, while Occidental Petroleum Corporation (OXY) was also up 0.35% however its price remained floating in the green at 146.48% over the same period. Pioneer Natural Resources Company has a P/E ratio of 9.43 against that of EOG Resources Inc.’s 12.13 while Devon Energy Corporation is showing 8.17 for the same. On the other hand, the S&P 500 Index is down -0.81% in the early deals today while the Dow Jones Industrial was dealinglower at -0.34%.
Having a second look at Pioneer Natural Resources Company (NYSE:PXD) provides that stock’s average daily trading volume for 3 months was 2.53 million, while it jumped to 2.62 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 242.00 million.
The percentage of outstanding shares held by the insiders is 0.40% while it is 93.30% for the institutional holders. The figures also indicate that as of Aug 30, 2022, number of stock’s short shares was 5.11 million which implies a short ratio of 2.21. This shows down a 2.14% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 5.67 million in the previous month. Addition of 34.16% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.