Pioneer Natural Resources Company [PXD] fell -43.01% so far this year. What now?

Pioneer Natural Resources Company [NYSE: PXD] price plunged by -4.82 percent to reach at -$4.37. The company report on November 5, 2020 that Pioneer Natural Resources Reports Third Quarter 2020 Financial and Operating Results.

Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or “the Company”) reported financial and operating results for the quarter ended September 30, 2020. Pioneer reported a third quarter net loss attributable to common stockholders of $20 million, or $0.12 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 third quarter was $26 million, or $0.17 per diluted share. Cash flow from operating activities for the third quarter was $391 million.

Highlights.

A sum of 1835136 shares traded at recent session while its average daily volume was at 1.84M shares. Pioneer Natural Resources Company shares reached a high of $91.03 and dropped to a low of $85.68 until finishing in the latest session at $86.27.

The one-year PXD stock forecast points to a potential upside of 31.96. The average equity rating for PXD stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Pioneer Natural Resources Company [PXD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PXD shares is $126.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PXD stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Pioneer Natural Resources Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 23, 2020. The new note on the price target was released on October 21, 2020, representing the official price target for Pioneer Natural Resources Company stock.

The Average True Range (ATR) for Pioneer Natural Resources Company is set at 4.80, with the Price to Sales ratio for PXD stock in the period of the last 12 months amounting to 1.91. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 1.57. Price to Free Cash Flow for PXD in the course of the last twelve months was 4.89 with Quick ratio for the last quarter at 0.60.

PXD Stock Performance Analysis:

Pioneer Natural Resources Company [PXD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.41. With this latest performance, PXD shares dropped by -4.24% in over the last four-week period, additionally plugging by 4.12% over the last 6 months – not to mention a drop of -35.38% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PXD stock in for the last two-week period is set at 49.69, with the RSI for the last a single of trading hit 52.11, and the three-weeks RSI is set at 49.10 for Pioneer Natural Resources Company [PXD]. The present Moving Average for the last 50 days of trading for this stock 88.14, while it was recorded at 86.87 for the last single week of trading, and 94.70 for the last 200 days.

Insight into Pioneer Natural Resources Company Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Pioneer Natural Resources Company [PXD] shares currently have an operating margin of +19.88 and a Gross Margin at +23.23. Pioneer Natural Resources Company’s Net Margin is presently recorded at +7.79.

Return on Total Capital for PXD is now 13.21, given the latest momentum, and Return on Invested Capital for the company is 5.28. Return on Equity for this stock inclined to 6.22, with Return on Assets sitting at 3.80. When it comes to the capital structure of this company, Pioneer Natural Resources Company [PXD] has a Total Debt to Total Equity ratio set at 21.41. Additionally, PXD Total Debt to Total Capital is recorded at 17.64, with Total Debt to Total Assets ending up at 12.60. Long-Term Debt to Equity for the company is recorded at 16.58, with the Long-Term Debt to Total Capital now at 13.65.

Reflecting on the efficiency of the workforce at the company, Pioneer Natural Resources Company [PXD] managed to generate an average of $324,150 per employee. Receivables Turnover for the company is 10.38 with a Total Asset Turnover recorded at a value of 0.49.Pioneer Natural Resources Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.

PXD Stock EPS

With the latest financial reports released by the company, Pioneer Natural Resources Company posted 2.36/share EPS, while the average EPS was predicted by analysts to be reported at 2.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PXD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pioneer Natural Resources Company go to 11.18%.

Pioneer Natural Resources Company [PXD] Insider Position Details

There are presently around $12,940 million, or 93.90% of PXD stock, in the hands of institutional investors. The top three institutional holders of PXD stocks are: VANGUARD GROUP INC with ownership of 16,249,120, which is approximately 17.412% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 16,088,193 shares of the stock with an approximate value of $1.39 billion in PXD stocks shares; and STATE STREET CORP, currently with $846.77 million in PXD stock with ownership of nearly 0.218% of the company’s market capitalization.

Positions in Pioneer Natural Resources Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 283 institutional holders increased their position in Pioneer Natural Resources Company [NYSE:PXD] by around 15,444,580 shares. Additionally, 339 investors decreased positions by around 13,471,035 shares, while 79 investors held positions by with 121,081,660 shares. The mentioned changes placed institutional holdings at 149,997,275 shares, according to the latest SEC report filing. PXD stock had 59 new institutional investments in for a total of 4,078,106 shares, while 76 institutional investors sold positions of 2,696,457 shares during the same period.

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