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

$199.91
-6.39 (-3.10%)
(As of 02:40 PM ET)
Compare
Today's Range
$199.56
$202.24
50-Day Range
$189.18
$230.00
52-Week Range
$177.26
$288.46
Volume
1.29 million shs
Average Volume
2.40 million shs
Market Capitalization
$46.73 billion
P/E Ratio
7.09
Dividend Yield
2.20%
Price Target
$258.70

Pioneer Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
29.0% Upside
$258.70 Price Target
Short Interest
Healthy
1.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
0.94mentions of Pioneer Natural Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.35%
From $21.07 to $22.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Oils/Energy Sector

68th out of 249 stocks

Crude Petroleum & Natural Gas Industry

33rd out of 80 stocks


PXD stock logo

About Pioneer Natural Resources (NYSE:PXD) Stock

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.

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PXD Stock News Headlines

PXD - Pioneer Natural Resources Company
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Credit Suisse Sticks to Their Buy Rating for Pioneer Natural (PXD)
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
The Latest Analyst Ratings for Pioneer Natural Resources
See More Headlines
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PXD Company Calendar

Ex-Dividend for 3/17 Dividend
3/03/2023
Dividend Payable
3/17/2023
Last Earnings
4/26/2023
Today
5/31/2023
Ex-Dividend for 6/21 Dividend
5/31/2023
Dividend Payable
6/21/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
72378710
Employees
2,076
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$258.70
High Stock Price Forecast
$319.00
Low Stock Price Forecast
$210.00
Forecasted Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
23 Analysts

Profitability

Net Income
$7.85 billion
Pretax Margin
39.48%

Debt

Sales & Book Value

Annual Sales
$22.83 billion
Cash Flow
$42.37 per share
Book Value
$93.16 per share

Miscellaneous

Free Float
232,450,000
Market Cap
$48.22 billion
Optionable
Optionable
Beta
1.42

Social Links


Key Executives

  • Scott Douglas Sheffield
    Chief Executive Officer & Director
  • Richard P. DealyRichard P. Dealy
    President & Chief Operating Officer
  • Neal H. ShahNeal H. Shah
    Chief Financial Officer & Senior Vice President
  • Bonnie S. Black
    Senior Vice President-Technology & Operations
  • Mark H. KleinmanMark H. Kleinman
    Executive Vice President & General Counsel













PXD Stock - Frequently Asked Questions

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

23 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, 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PXD shares.
View PXD analyst ratings
or view top-rated stocks.

What is Pioneer Natural Resources' stock price forecast for 2023?

23 brokerages have issued 12-month price targets for Pioneer Natural Resources' shares. Their PXD share price forecasts range from $210.00 to $319.00. On average, they predict the company's stock price to reach $258.70 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
View analysts price targets for PXD
or view top-rated stocks among Wall Street analysts.

How have PXD shares performed in 2023?

Pioneer Natural Resources' stock was trading at $228.39 at the start of the year. Since then, PXD shares have decreased by 9.7% and is now trading at $206.32.
View the best growth stocks for 2023 here
.

When is Pioneer Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our PXD earnings forecast
.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) announced its earnings results on Wednesday, April, 26th. The oil and gas development company reported $5.21 earnings per share for the quarter, topping analysts' consensus estimates of $4.90 by $0.31. The oil and gas development company earned $4.54 billion during the quarter, compared to analyst estimates of $4.98 billion. Pioneer Natural Resources had a trailing twelve-month return on equity of 30.71% and a net margin of 31.15%. Pioneer Natural Resources's revenue was down 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.74 EPS.
Read the conference call transcript
.

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

Pioneer Natural Resources announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Thursday, June 1st will be paid a dividend of $3.34 per share on Wednesday, June 21st. This represents a $13.36 annualized dividend and a yield of 6.48%. The ex-dividend date is Wednesday, May 31st.
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 2.12%. The dividend payout ratio is 17.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 21.90% 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).

What is Pioneer Natural Resources' stock symbol?

Pioneer Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "PXD."

Who are Pioneer Natural Resources' major shareholders?

Pioneer Natural Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.86%), Boston Partners (1.14%), Clearbridge Investments LLC (1.09%), Barrow Hanley Mewhinney & Strauss LLC (0.82%), CIBC Private Wealth Group LLC (0.74%) and Ameriprise Financial Inc. (0.72%). Insiders that own company stock include Chris J Cheatwood, Craig A Kuiper, Edison C Buchanan, Frank A Risch, J Kenneth Thompson, Jerome D Hall Jr, Larry R Grillot, Margaret Montemayor, Mark H Kleinman, Mark Stephen Berg, Matthew Gallagher, Neal H Shah, Richard P Dealy, Scott D Sheffield, Stephanie D Stewart 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Pioneer Natural Resources' stock price today?

One share of PXD stock can currently be purchased for approximately $206.32.

How much money does Pioneer Natural Resources make?

Pioneer Natural Resources (NYSE:PXD) has a market capitalization of $48.22 billion and generates $22.83 billion in revenue each year. The oil and gas development company earns $7.85 billion in net income (profit) each year or $28.21 on an earnings per share basis.

How many employees does Pioneer Natural Resources have?

The company employs 2,076 workers across the globe.

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.
Read More
How can I contact Pioneer Natural Resources?

Pioneer Natural Resources' mailing address is 777 Hidden Ridge, Irving TX, 75038. The official website for the company is www.pxd.com. The oil and gas development company can be reached via phone at (972) 444-9001, via email at neal.shah@pxd.com, or via fax at 972-402-7023.

This page (NYSE:PXD) was last updated on 5/31/2023 by MarketBeat.com Staff

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