Investors Are Craving More from Pioneer Natural Resources Company [PXD] Stocks: Here is Why

Pioneer Natural Resources Company [PXD] has traded in a range of $48.62 to $159.01 in the last 1 year. As of this writing, the stock is at $104.95, up 3.37%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, PXD shares are -8.82% down with the monthly amount drift of 22.62% and seems well in a long time frame.

On 3, December 2020, Parsley Energy Announces January 12, 2021 Special Meeting to Approve Merger with Pioneer Natural Resources. According to news published on Yahoo Finance, Parsley Energy, Inc. (NYSE: PE) (“Parsley,” “Parsley Energy,” or the “Company”) today announced that the special meeting of stockholders of Parsley Energy, Inc. (the “Parsley special meeting”) to approve the pending combination with Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer”) is scheduled to take place on January 12, 2021 at 9:00 am Central Time. The record date for Parsley stockholders entitled to vote at the Parsley special meeting is the close of business on December 7, 2020.

Analyst Birdseye View:

The most recent analyst activity for Pioneer Natural Resources Company [NYSE:PXD] stock was on October 21, 2020, when it was Upgrade with a Buy rating from TD Securities. Before that, on October 23, 2020, Piper Sandler Recapitulated an Overweight rating and elevated its amount target to $106. On October 21, 2020, Evercore ISI Downgrade an In-line rating. On October 07, 2020, Truist Downgrade a Hold rating and increased its price target to $95. On August 05, 2020, Credit Suisse Resumed an Outperform rating and increased its price target to $115. On July 20, 2020, Raymond James Upgrade a Strong buy rating and boosted its amount target on this stock to $130. On June 25, 2020, SunTrust Upgrade a Buy rating and boosted its target amount on this stock to $120.

In the past 52 weeks of trading, this stock has oscillated between a low of $48.62 and a peak of $159.01. Right now, the middling Wall Street analyst 12-month amount mark is $125.00. At the most recent market close, shares of Pioneer Natural Resources Company [NYSE:PXD] were valued at $104.95. According to the average price forecast, investors can expect a potential return of -1.63%.

FUNDAMENTAL ANALYSIS

Pioneer Natural Resources Company [NYSE:PXD] most recently reported quarterly sales of 1.86 billion, which represented growth of -22.80%. This publicly-traded organization’s revenue is $4,163,151 per employee, while its income is $324,150 per employee. This company’s Gross Margin is currently 36.50%, its Operating Margin is 5.40%, its Pretax Margin is +10.21, and its Net Margin is +7.79. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.80, 6.22, 13.21 and 5.28 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 17.64 and the whole liability to whole assets at 12.60. It shows enduring liability to the whole principal at 13.65 and enduring liability to assets at 0.10 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 98.43 points at 1st support level, the second support level is making up to 95.34. But as of 1st resistance point, this stock is sitting at 104.78 and at 108.04 for 2nd resistance point.

Pioneer Natural Resources Company [PXD] reported its earnings at $0.17 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.25/share signifying the difference of -0.08 and -32.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.32 calling estimates for -$0.35/share with the difference of 0.03 depicting the surprise of 8.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Pioneer Natural Resources Company [NYSE:PXD] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.37. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.61, it’s amount to book ratio is 2.07 and showing 97.16 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by BERG MARK STEPHEN, EVP, Corporate Operations, and it was the sale of 5607.0 shares on Nov 25. BERG MARK STEPHEN, the EVP, Corporate Operations, completed a sale of 1200.0 shares on Jun 08. On Jun 08, CHEATWOOD CHRIS J, EVP, Field Development & Emerg, completed a sale of 7000.0 shares.