Pioneer Natural Resources - PXD Stock Forecast, Price & News

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PXD shares. Scotiabank lowered Pioneer Natural Resources from an "outperform" rating to a "sector perform" rating and increased their price target for the company from $260.00 to $270.00 in a report on Monday, April 18th. Mizuho dropped their price target on Pioneer Natural Resources from $342.00 to $334.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th. Susquehanna Bancshares raised their price objective on Pioneer Natural Resources from $258.00 to $278.00 and gave the company a "positive" rating in a research report on Monday, April 25th. Barclays decreased their price target on Pioneer Natural Resources from $339.00 to $324.00 and set an "overweight" rating for the company in a research note on Tuesday, July 19th. Finally, Wells Fargo & Company decreased their price target on Pioneer Natural Resources from $289.00 to $283.00 and set an "overweight" rating for the company in a research note on Monday, July 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Pioneer Natural Resources currently has a consensus rating of "Moderate Buy" and an average target price of $288.35.

Pioneer Natural Resources Trading Up 4.9 %

NYSE:PXD opened at $228.48 on Friday. The business's 50-day moving average is $231.24 and its two-hundred day moving average is $239.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 1.20. Pioneer Natural Resources has a 12 month low of $137.54 and a 12 month high of $288.46. The firm has a market capitalization of $55.28 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.76 and a beta of 1.51.

Pioneer Natural Resources (NYSE:PXD - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The oil and gas development company reported $9.36 EPS for the quarter, topping analysts' consensus estimates of $8.63 by $0.73. Pioneer Natural Resources had a return on equity of 28.26% and a net margin of 28.29%. During the same period in the prior year, the business earned $2.55 earnings per share. Research analysts predict that Pioneer Natural Resources will post 33.66 earnings per share for the current fiscal year.

Pioneer Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Tuesday, September 6th will be issued a dividend of $8.57 per share. This is a boost from Pioneer Natural Resources's previous quarterly dividend of $7.38. The ex-dividend date is Friday, September 2nd. This represents a $34.28 annualized dividend and a yield of 15.00%. Pioneer Natural Resources's payout ratio is presently 11.12%.

Insider Buying and Selling

In related news, EVP Mark Stephen Berg sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $274.41, for a total transaction of $686,025.00. Following the sale, the executive vice president now owns 49,546 shares of the company's stock, valued at $13,595,917.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Mark Stephen Berg sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $274.41, for a total transaction of $686,025.00. Following the sale, the executive vice president now owns 49,546 shares of the company's stock, valued at $13,595,917.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tyson L. Taylor sold 1,835 shares of the company's stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $279.02, for a total value of $512,001.70. Following the completion of the transaction, the senior vice president now directly owns 4,876 shares in the company, valued at approximately $1,360,501.52. The disclosure for this sale can be found here. Insiders have sold a total of 6,835 shares of company stock valued at $1,915,277 over the last quarter. Corporate insiders own 0.55% of the company's stock.