Pioneer Natural Resources Company (NYSE:PXD) traded at $232.11 at last check on Tuesday, 01/24/23, made a downward move of -2.37% on its previous day’s price.
Looking at the stock we see that its previous close was $237.74 and the beta (5Y monthly) reads 1.48 with the day’s price range being $236.66 – $242.85. The company has a trailing 12-month PE ratio of 8.48. In terms of its 52-week price range, PXD has a high of $274.50 and a low of $183.11. The company’s stock has gained about 5.40% over that past 30 days.
Pioneer Natural Resources Company has a market cap of $56.25 billion and is expected to release its quarterly earnings report on Feb 14, 2023 – Feb 20, 2023. With its Forward Dividend at 26.06 and a yield of 10.96%, the company’s investors could be anxious for the PXD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $7.11, with the EPS growth for the year raised at $32.16 for 2022 and $27.74 for next year. These figures represent 142.50% and -13.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $4.25 billion, with a low of $3.5 billion and a high of $5.96 billion. The median projection represents growth squeezing down to 14.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $17.98 billion, or 56.30% up from figures reported last year.
There have been 7 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PXD stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the PXD stock currently stands at 0.39, and the most recent price level today is -0.04% off its SMA20 and -0.71% from its 50-day simple moving average. The RSI (14) is pointing at 48.82 while the volatility over the past week is 2.74% and jumps to 2.91% over the past one month. The beta value is 1.45, while the average true range (ATR) is currently pointing at 6.95.
Let’s briefly compare Pioneer Natural Resources Company (PXD) stock to its peers. We find that today’s price change of -2.37% and 25.32% over the past 12 months for PXD competes that of EOG Resources Inc. (EOG), which has seen its stock price fall -0.19% in the latest trading session and is 38.19% over the last one year. Another of its peers Devon Energy Corporation (DVN) has dropped -1.00% today, and was 44.17% up over the past year, while Occidental Petroleum Corporation (OXY) is also down -1.29% yet, while its price remains in the green at 90.90% over the same period. Pioneer Natural Resources Company has a P/E ratio of 8.48 compared to EOG Resources Inc.’s 10.43 and Devon Energy Corporation’s 6.71. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.
Coming back to Pioneer Natural Resources Company (NYSE:PXD), we note that the average 3-month trading volume was 2.08 million, while that of the preceding 10-day period stands at 1.39 million. Current shares outstanding are 239.00 million.
The insiders hold 0.66% of the company’s shares while institutions hold 92.50%. The data shows that short shares as of Oct 13, 2022, stood at 6.65 million at a short ratio of 2.45. This represents a 2.79% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 5.14 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 4.09% up in year-to-date price movement.