At the time of writing, Pioneer Natural Resources Co. [PXD] stock is trading at $269.00, down -0.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PXD shares have lost -0.56% over the last week, with a monthly amount glided 7.40%, 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.
For the past year, the stock price of Pioneer Natural Resources Co. fluctuated between $193.56 and $278.83. Currently, Wall Street analysts expect the stock to reach $254.09 within the next 12 months. Pioneer Natural Resources Co. [NYSE: PXD] shares were valued at $269.00 at the most recent close of the market. An investor can expect a potential drop of -5.54% based on the average PXD price forecast.
Analyzing the PXD fundamentals
According to Pioneer Natural Resources Co. [NYSE:PXD], the company’s sales were 19.37B for trailing twelve months, which represents an -1.89% plunge. 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 267.32 points at the first support level, and at 265.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 272.22, and for the 2nd resistance point, it is at 275.44.
Ratios To Look Out For
It is important to note that Pioneer Natural Resources Co. [NYSE:PXD] has a current ratio of 0.88. As well, the Quick Ratio is 0.72, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 3.24, the price to book ratio is 2.71 and price to earnings (TTM) ratio is 13.30.
Transactions by insiders
Recent insider trading involved GOBE PHILLIP A, Director, that happened on Mar 28 ’24 when 2000.0 shares were sold. VP & CAO, Washburn Christopher L completed a deal on Mar 28 ’24 to sell 1416.0 shares. Meanwhile, EVP & General Counsel KLEINMAN MARK H sold 4350.0 shares on Mar 22 ’24.
