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.

Analyst Upgrades and Downgrades

Several analysts have commented on PXD shares. KeyCorp boosted their target price on shares of Pioneer Natural Resources from $272.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, May 26th. Susquehanna boosted their target price on shares of Pioneer Natural Resources from $258.00 to $278.00 and gave the stock a "positive" rating in a research report on Monday, April 25th. Susquehanna Bancshares boosted their target price on shares of Pioneer Natural Resources from $258.00 to $278.00 and gave the stock a "positive" rating in a research report on Monday, April 25th. Barclays decreased their price objective on shares of Pioneer Natural Resources from $339.00 to $324.00 and set an "overweight" rating for the company in a report on Tuesday, July 19th. Finally, TD Securities upped their price objective on shares of Pioneer Natural Resources from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $288.35.

Pioneer Natural Resources Trading Down 0.2 %

Shares of PXD Stock opened at $217.80 on Thursday. Pioneer Natural Resources has a 52-week low of $137.54 and a 52-week high of $288.46. The stock has a market cap of $52.70 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 0.76 and a beta of 1.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.33. The firm has a fifty day moving average of $231.24 and a 200-day moving average of $239.09.

Pioneer Natural Resources (NYSE:PXD - Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The oil and gas development company reported $9.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.63 by $0.73. Pioneer Natural Resources had a net margin of 28.29% and a return on equity of 28.26%. During the same period in the previous year, the business posted $2.55 earnings per share. On average, equities research analysts forecast that Pioneer Natural Resources will post 33.37 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. Stockholders of record on Tuesday, September 6th will be issued a $8.57 dividend. This is a positive change 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 dividend yield of 15.74%. Pioneer Natural Resources's dividend payout ratio is presently 11.12%.

Insider Transactions at Pioneer Natural Resources

In other news, EVP Mark Stephen Berg sold 2,500 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $286.90, for a total value of $717,250.00. Following the sale, the executive vice president now owns 47,046 shares of the company's stock, valued at approximately $13,497,497.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark Stephen Berg sold 2,500 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $286.90, for a total value of $717,250.00. Following the sale, the executive vice president now owns 47,046 shares of the company's stock, valued at approximately $13,497,497.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tyson L. Taylor sold 1,835 shares of the company's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $279.02, for a total transaction of $512,001.70. Following the completion of the sale, 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. In the last quarter, insiders have sold 8,835 shares of company stock valued at $2,439,657. 0.55% of the stock is owned by insiders.