Pioneer Natural Resources Co. [PXD] stock is trading at $244.64, up 0.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The PXD shares have gain 4.24% over the last week, with a monthly amount glided 6.15%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Pioneer Natural Resources Reports Fourth Quarter and Full Year 2023 Financial and Operating Results. In a post published today on Yahoo Finance, Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter and year ended December 31, 2023. Pioneer reported fourth quarter net income attributable to common shareholders of $1.3 billion, or $5.28 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the fourth quarter was $1.3 billion, or $5.26 per diluted share. Cash flow from operating activities for the fourth quarter was $2.3 billion. For the year ended December 31, 2023, the Company reported net income attributable to common stockholders of $4.9 billion, or $20.21 per diluted share. Cash flow from operating activities for the year was $8.4 billion.
From an analyst’s perspective:
Pioneer Natural Resources Co. [NYSE: PXD] stock has seen the most recent analyst activity on November 24, 2023, when Argus downgraded its rating to a Sell. Previously, Bernstein downgraded its rating to Mkt Perform on October 17, 2023, and dropped its price target to $246. On October 16, 2023, downgrade downgraded it’s rating to Market Perform. JP Morgan upgraded its rating to a Overweight and increased its price target to $264 on August 16, 2023. The Benchmark Company initiated its recommendation with a Hold. UBS started tracking with a Neutral rating for this stock on April 19, 2023, and assigned it a price target of $238. In a note dated March 23, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $193 to $210.
Pioneer Natural Resources Co. [PXD] stock has fluctuated between $172.63 and $254.21 over the past year. Currently, Wall Street analysts expect the stock to reach $254 within the next 12 months. Pioneer Natural Resources Co. [NYSE: PXD] shares were valued at $244.64 at the most recent close of the market. An investor can expect a potential return of 3.83% based on the average PXD price forecast.
Analyzing the PXD fundamentals
Pioneer Natural Resources Co. [NYSE:PXD] reported sales of 19.37B for the trailing twelve months, which represents a drop of -1.89%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 242.46 points at the first support level, and at 240.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 245.84, and for the 2nd resistance point, it is at 247.04.
Pioneer Natural Resources Co. [PXD] reported earnings per share of $5.26 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.47/share, meaning a difference of -$0.21 and a surprise factor of -3.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $5.83 per share as compared to estimates of $5.55 per share, a difference of $0.28 representing a surprise of 5.00%.
Ratios To Look Out For
For context, Pioneer Natural Resources Co.’s Current Ratio is 0.88. On the other hand, the Quick Ratio is 0.72, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 2.47 and price to earnings (TTM) ratio is 12.09.
Transactions by insiders
Recent insider trading involved GOBE PHILLIP A, Director, that happened on Mar 08 ’24 when 1000.0 shares were sold. EVP, Corporate Operations, BERG MARK STEPHEN completed a deal on Mar 07 ’24 to sell 7323.0 shares. Meanwhile, Director SHEFFIELD SCOTT D sold 10000.0 shares on Mar 04 ’24.
