NYSE:PXD

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

$229.55

-4.64 (-1.98%)

(As of 09/29/2023 ET)

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Today's Range: $229.15
▼
$234.33
50-Day Range: $218.05
▼
$243.03
52-Week Range: $177.26
▼
$274.70

Volume: 1.74 million shs
Average Volume: 1.82 million shs
Market Capitalization: $53.52 billion

P/E Ratio: 9.78
Dividend Yield: 2.18%
Price Target: $264.71

Pioneer Natural Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 15.3% Upside
$264.71 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: 1.44
Based on 13 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.

2.71 out of 5 stars

Oils/Energy Sector

46th out of 248 stocks

Crude Petroleum & Natural Gas Industry

26th out of 81 stocks

3.4

Analyst's Opinion

Consensus Rating
Pioneer Natural Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 15 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $264.71, Pioneer Natural Resources has a forecasted upside of 15.3% from its current price of $229.55.
Amount of Analyst Coverage
Pioneer Natural Resources has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.45% of the float of Pioneer Natural Resources has been sold short.
Short Interest Ratio / Days to Cover
Pioneer Natural Resources has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pioneer Natural Resources has recently increased by 2.45%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Pioneer Natural Resources pays a meaningful dividend of 2.13%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Pioneer Natural Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Pioneer Natural Resources is 21.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Pioneer Natural Resources will have a dividend payout ratio of 20.20% next year. This indicates that Pioneer Natural Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Pioneer Natural Resources has received a -123.33% net impact score from Upright. The largest negative impact of Pioneer Natural Resources in category "GHG emissions" seems to be driven mostly by its "Crude natural gas", "Crude oil", and "Hydrocarbon gas liquids" products. See details.
Environmental Sustainability
The Environmental Impact score for Pioneer Natural Resources is -7.14.

3.6

News and Social Media Coverage

News Sentiment
Pioneer Natural Resources has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Pioneer Natural Resources this week, compared to 8 articles on an average week.
Search Interest
Only 71 people have searched for PXD on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
48 people have added Pioneer Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 45% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pioneer Natural Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.57% of the stock of Pioneer Natural Resources is held by insiders.
Percentage Held by Institutions
82.72% of the stock of Pioneer Natural Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Pioneer Natural Resources are expected to grow by 18.71% in the coming year, from $20.85 to $24.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pioneer Natural Resources is 9.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pioneer Natural Resources is 9.78, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.05.
Price to Earnings Growth Ratio
Pioneer Natural Resources has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Pioneer Natural Resources has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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.

September 30, 2023 | americanbankingnews.com

Pioneer Natural Resources (NYSE:PXD) Price Target Increased to $250.00 by Analysts at Bank of America

September 30, 2023 | Chaikin Analytics (Ad)

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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

September 25, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for Pioneer Natural Resources Lifted by Analyst (NYSE:PXD)

September 22, 2023 | americanbankingnews.com

Citigroup Raises Pioneer Natural Resources (NYSE:PXD) Price Target to $256.00

September 20, 2023 | marketwatch.com

Pioneer Natural Resources Co. stock falls Wednesday, underperforms market

September 30, 2023 | Chaikin Analytics (Ad)

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September 20, 2023 | americanbankingnews.com

Pioneer Natural Resources (NYSE:PXD) PT Raised to $301.00

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)

August 14, 2023 | msn.com

UnitedHealth Group, Pioneer Natural Resources And A Credit Card Giant: CNBC's 'Final Trades'

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: 9/30/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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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: $264.71
High Stock Price Forecast: $332.00
Low Stock Price Forecast: $225.00
Forecasted Upside/Downside: +15.4%
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: 9.78
Forward P/E Ratio: 11.13
P/E Growth: 1.33
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: $20.39 billion
Price / Sales: 2.62
Cash Flow: $41.88 per share
Price / Cash Flow: 5.48
Book Value: $93.16 per share
Price / Book: 2.46

Miscellaneous

Outstanding Shares: 233,141,000
Free Float: 231,812,000
Market Cap: $53.50 billion
Optionable: Optionable
Beta: 1.43

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Key Executives

Mr. Scott Douglas Sheffield (Age 70)
CEO & Director
Comp: $4.18M

Mr. Richard P. Dealy (Age 57)
Pres, COO & Director
Comp: $1.83M

Mr. 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. (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. Kleinman (Age 61)
Exec. VP & Gen. Counsel

Ms. Tyson L. Taylor (Age 44)
Sr. VP of HR & Communications

Key Competitors

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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 twelve months. 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 1 year target prices for Pioneer Natural Resources' stock. Their PXD share price forecasts range from $225.00 to $332.00. On average, they expect the company's share price to reach $264.71 in the next year. This suggests a possible upside of 15.4% 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 on January 1st, 2023. Since then, PXD stock has increased by 0.5% and is now trading at $229.48.
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) announced its earnings results on Tuesday, August, 1st. The oil and gas development company reported $4.49 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.37. The oil and gas development company earned $4.60 billion during the quarter, compared to analyst estimates 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. Shareholders of record on Wednesday, September 6th will be given a dividend of $1.84 per share on Thursday, September 21st. This represents a $7.36 dividend on an annualized basis and a yield of 3.21%. 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 2.19%. 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 20.64% 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 $229.48.
How much money does Pioneer Natural Resources make?: Pioneer Natural Resources (NYSE:PXD) has a market capitalization of $53.50 billion and generates $20.39 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 9/30/2023 by MarketBeat.com Staff

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