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.

Pioneer Natural Resources Price Performance

NYSE:PXD traded down $6.34 during mid-day trading on Monday, hitting $226.61. The stock had a trading volume of 38,663 shares, compared to its average volume of 2,604,985. Pioneer Natural Resources has a twelve month low of $137.54 and a twelve month high of $288.46. The stock has a market capitalization of $54.83 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.80 and a beta of 1.51. The firm's 50 day moving average is $229.37 and its 200 day moving average is $239.76. 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 (NYSE:PXD - Get Rating) last issued its earnings results on Tuesday, August 2nd. The oil and gas development company reported $9.36 earnings per share (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 firm posted $2.55 earnings per share. Equities research analysts forecast that Pioneer Natural Resources will post 33.87 earnings per share for the current fiscal year.

Pioneer Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th will be paid a $8.57 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This is an increase from Pioneer Natural Resources's previous quarterly dividend of $7.38. This represents a $34.28 dividend on an annualized basis and a dividend yield of 15.13%. Pioneer Natural Resources's dividend payout ratio (DPR) is 11.12%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Credit Suisse Group dropped their price objective on shares of Pioneer Natural Resources from $290.00 to $280.00 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. KeyCorp boosted their target price on shares of Pioneer Natural Resources from $272.00 to $294.00 and gave the company an "overweight" rating in a research note on Thursday, May 26th. Susquehanna boosted their target price on shares of Pioneer Natural Resources from $258.00 to $278.00 and gave the company a "positive" rating in a research note on Monday, April 25th. Morgan Stanley lowered their target price on shares of Pioneer Natural Resources from $285.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 19th. Finally, TD Securities boosted their target price on shares of Pioneer Natural Resources from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $288.35.

Insiders Place Their Bets

In other Pioneer Natural Resources news, EVP Mark Stephen Berg sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $274.41, for a total value of $686,025.00. Following the completion of the sale, the executive vice president now directly owns 49,546 shares of the company's stock, valued at approximately $13,595,917.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Tyson L. Taylor sold 1,835 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 4,876 shares in the company, valued at approximately $1,360,501.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Stephen Berg sold 2,500 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $274.41, for a total value of $686,025.00. Following the transaction, the executive vice president now owns 49,546 shares of the company's stock, valued at $13,595,917.86. The disclosure for this sale can be found here. Insiders sold 6,835 shares of company stock valued at $1,915,277 in the last three months. 0.55% of the stock is currently owned by insiders.