A share price of Pioneer Natural Resources Co. [PXD] is currently trading at $251.95, up 0.80%. An important factor to consider is whether the stock is rising or falling in short-term value. The PXD shares have gain 2.99% over the last week, with a monthly amount glided 9.42%, and seem to be holding up well over a long-time horizon.
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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. experienced fluctuations in its stock price throughout the past year between $172.63 and $254.21. 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 $251.95 at the most recent close of the market. An investor can expect a potential return of 0.81% based on the average PXD price forecast.
Analyzing the PXD fundamentals
Trailing Twelve Months sales for Pioneer Natural Resources Co. [NYSE:PXD] were 19.37B which represents -1.89% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
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 249.94 points at the first support level, and at 247.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.02, and for the 2nd resistance point, it is at 256.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pioneer Natural Resources Co. [NYSE:PXD] 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 3.04, the price to book ratio is 2.54 and price to earnings (TTM) ratio is 12.45.
Transactions by insiders
Recent insider trading involved Taylor Tyson L., EVP, HR & Communications, that happened on Mar 12 ’24 when 3556.0 shares were sold. EVP, Technology & Ops Support, Black Bonnie S. completed a deal on Mar 12 ’24 to sell 1100.0 shares. Meanwhile, Director GOBE PHILLIP A sold 1000.0 shares on Mar 08 ’24.
