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NYSE:PXD

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

$223.64
-0.82 (-0.37%)
(As of 10/3/2023 ET)
Compare
Today's Range
$220.90
▼
$224.99
50-Day Range
$220.60
▼
$243.03
52-Week Range
$177.26
▼
$274.70
Volume
2.06 million shs
Average Volume
2.12 million shs
Market Capitalization
$52.14 billion
P/E Ratio
9.53
Dividend Yield
2.24%
Price Target
$265.00
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Pioneer Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
18.5% Upside
$265.00 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.14
Upright™ Environmental Score
News Sentiment
1.36mentions of Pioneer Natural Resources in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.71%
From $20.85 to $24.75 Per Share

Overall MarketRank™

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

2.70 out of 5 stars

Oils/Energy Sector

56th out of 244 stocks

Crude Petroleum & Natural Gas Industry

31st out of 79 stocks

See Top Rated MarketRank™ Stocks Here

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.

PXD Price History

PXD Stock News Headlines

September 8, 2023 | marketbeat.com
Baker Hughes, Pioneer, Diamondback: Energy Stocks on the Rise (PXD)
Baker Hughes, Pioneer Resources, and Diamondback Energy lead the energy sector uptrend. Production cuts from Saudi Arabia and Russia are pushing up oil prices.
October 3, 2023 | benzinga.com
Pioneer Natural Resources Unusual Options Activity For October 03
October 3, 2023 | Oxford Club (Ad)
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move
He started from nothing and became a multimillionaire...He's now one of the most sought-after trading experts...Yet he operates 858 miles from Wall Street.And now, he's revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker.
October 3, 2023 | americanbankingnews.com
Morgan Stanley Increases Pioneer Natural Resources (NYSE:PXD) Price Target to $236.00
October 1, 2023 | americanbankingnews.com
Reviewing Pioneer Natural Resources (NYSE:PXD) & Chord Energy (NASDAQ:CHRD)
September 30, 2023 | americanbankingnews.com
Pioneer Natural Resources (NYSE:PXD) Price Target Increased to $250.00 by Analysts at Bank of America
September 28, 2023 | finance.yahoo.com
Oil Price Highest in More Than a Year: Bet on These 3 Stocks
September 28, 2023 | msn.com
Pioneer Natural Resources: Gushing Cash, Selling Put Options Optimal
October 3, 2023 | Behind the Markets (Ad)
U.S. Loses to China in Shocking WAR GAMES
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September 25, 2023 | americanbankingnews.com
Q3 2023 EPS Estimates for Pioneer Natural Resources Lifted by Analyst (NYSE:PXD)
September 20, 2023 | marketwatch.com
Pioneer Natural Resources Co. stock falls Wednesday, underperforms market
September 10, 2023 | finance.yahoo.com
The 1 Thing That Could Make Pioneer Natural Resources Skyrocket
September 10, 2023 | fool.com
If You'd Invested $10,000 in Pioneer Natural Resources on July 1, 2022, This Is How Much You Would Have Today
September 6, 2023 | finance.yahoo.com
These Oil Stocks Just Got a Big Boost and Could Rocket From Here
September 5, 2023 | benzinga.com
This Is What Whales Are Betting On Pioneer Natural Resources
September 3, 2023 | finance.yahoo.com
2 Oil Stocks to Buy Hand Over Fist in September
September 1, 2023 | markets.businessinsider.com
Wells Fargo Sticks to Its Hold Rating for Pioneer Natural (PXD)
August 31, 2023 | finance.yahoo.com
Why Is Pioneer Natural Resources (PXD) Up 4.4% Since Last Earnings Report?
August 29, 2023 | seekingalpha.com
I Might Double My Pioneer Natural Resources Investment - Again
August 26, 2023 | markets.businessinsider.com
DBS Keeps Their Hold Rating on Pioneer Natural (PXD)
August 22, 2023 | seekingalpha.com
Pioneer Natural Resources: A Peer-Leading Margins Permian Producer
August 17, 2023 | msn.com
UBS Maintains Pioneer Natural Resources (PXD) Neutral Recommendation
August 17, 2023 | finance.yahoo.com
Pioneer Natural Resources Stock Earns RS Rating Upgrade, Still Shy
August 17, 2023 | finance.yahoo.com
Oil Stocks Are Back. Pioneer and 3 Other Gushers.
August 16, 2023 | marketwatch.com
Pioneer Natural Resources Co. stock outperforms competitors on strong trading day
August 16, 2023 | msn.com
Mizuho Maintains Pioneer Natural Resources (PXD) Buy Recommendation
August 16, 2023 | msn.com
JP Morgan Upgrades Pioneer Natural Resources (PXD)
See More Headlines
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PXD Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/21 Dividend
9/05/2023
Dividend Payable
9/21/2023
Today
10/03/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Sector
Oils/Energy
Current Symbol
NYSE:PXD
CUSIP
72378710
CIK
1038357
Web
www.pxd.com
Phone
(972) 444-9001
Fax
972-402-7023
Employees
2,076
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$265.00
High Stock Price Forecast
$332.00
Low Stock Price Forecast
$225.00
Forecasted Upside/Downside
+19.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
22 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$23.46
Trailing P/E Ratio
9.45
Forward P/E Ratio
10.63
P/E Growth
1.29
Net Income
$7.85 billion
Net Margins
28.46%
Pretax Margin
36.02%
Return on Equity
25.53%
Return on Assets
15.94%

Debt

Debt-to-Equity Ratio
0.23
Current Ratio
0.73
Quick Ratio
0.59

Sales & Book Value

Annual Sales
$24.29 billion
Price / Sales
2.13
Cash Flow
$41.21 per share
Price / Cash Flow
5.38
Book Value
$93.16 per share
Price / Book
2.38

Miscellaneous

Outstanding Shares
233,140,000
Free Float
231,859,000
Market Cap
$51.69 billion
Optionable
Optionable
Beta
1.42

Social Links

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Key Executives

  • Mr. Scott Douglas Sheffield (Age 70)
    CEO & Director
    Comp: $4.18M
  • Mr. Richard P. DealyMr. Richard P. Dealy (Age 57)
    Pres, COO & Director
    Comp: $1.83M
  • Mr. Neal H. ShahMr. Neal H. Shah (Age 52)
    Exec. VP & CFO
    Comp: $1.3M
  • Mr. Mark S. Berg (Age 64)
    Exec. VP of Corp. Operations
    Comp: $1.22M
  • Mr. Jerome D. Hall Jr.Mr. Jerome D. Hall Jr. (Age 57)
    Exec. VP of Operations
    Comp: $1.23M
  • Mr. Christopher L. Washburn (Age 39)
    VP & Chief Accounting Officer
  • Ms. Bonnie S. Black (Age 51)
    Sr. VP of Technology & Operations Support
  • Mr. Larry N. Paulsen
    Sr. VP of Admin. and Risk Management
  • Mr. Mark H. KleinmanMr. Mark H. Kleinman (Age 61)
    Exec. VP & Gen. Counsel
  • Ms. Tyson L. TaylorMs. Tyson L. Taylor (Age 44)
    Sr. VP of HR & Communications

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













PXD Stock - Frequently Asked Questions

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

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pioneer Natural Resources in the last year. There are currently 1 sell rating, 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PXD shares.
View PXD analyst ratings or view top-rated stocks.

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

22 Wall Street analysts have issued 12 month price targets for Pioneer Natural Resources' shares. Their PXD share price forecasts range from $225.00 to $332.00. On average, they predict the company's stock price to reach $265.00 in the next twelve months. This suggests a possible upside of 19.5% 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 stock has decreased by 2.9% and is now trading at $221.71.
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 Thursday, October 26th 2023.
View our PXD earnings forecast.

How were Pioneer Natural Resources' earnings last quarter?

Pioneer Natural Resources (NYSE:PXD) released its quarterly earnings results on Tuesday, August, 1st. The oil and gas development company reported $4.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.37. The oil and gas development company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.68 billion. Pioneer Natural Resources had a net margin of 28.46% and a trailing twelve-month return on equity of 25.53%.

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 Tuesday, August 1st. Investors of record on Wednesday, September 6th will be paid a dividend of $1.84 per share on Thursday, September 21st. This represents a $7.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, September 5th.
Read our dividend analysis for PXD.

What ETFs hold Pioneer Natural Resources' stock?

ETFs with the largest weight of Pioneer Natural Resources (NYSE:PXD) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Pacer US Cash Cows Growth ETF (BUL), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), First Trust Nasdaq Oil & Gas ETF (FTXN), Energy Select Sector SPDR Fund (XLE) and Horizon Kinetics Energy and Remediation ETF (NVIR).

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 2.18%. The dividend payout ratio is 21.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PXD will have a dividend payout ratio of 20.20% 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."

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 $221.71.

How much money does Pioneer Natural Resources make?

Pioneer Natural Resources (NYSE:PXD) has a market capitalization of $51.69 billion and generates $24.29 billion in revenue each year. The oil and gas development company earns $7.85 billion in net income (profit) each year or $23.46 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 10/3/2023 by MarketBeat.com Staff

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