Thursday, January 21, 2021

Pioneer Natural Resources Company [PXD] gain 18.64% so far this year. What now?

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Pioneer Natural Resources Company [NYSE: PXD] surged by $3.7 during the normal trading session on Tuesday and reaching a high of $138.42 during the day while it closed the day at $135.12. The company report on January 13, 2021 that Pioneer Natural Resources Completes Acquisition of Parsley Energy Following Stockholder Approvals.

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Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer”) announced that Pioneer has completed its previously announced acquisition of Parsley Energy, Inc. (NYSE:PE) (“Parsley”) following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction.


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At the special meeting of Pioneer stockholders held, more than 99% of the shares of Pioneer common stock voting at the special meeting were cast in favor of the issuance of Pioneer common stock in connection with the transaction. At the special meeting of Parsley stockholders held, more than 99% of the shares of Parsley common stock voting at the special meeting (and approximately 89% of the total outstanding shares) were cast in favor of the transaction.

Pioneer Natural Resources Company stock has also gained 11.35% of its value over the past 7 days. However, PXD stock has inclined by 52.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 41.25% and gained 18.64% year-on date.

The market cap for PXD stock reached $22.34 billion, with 165.00 million shares outstanding and 163.07 million shares in the current float. Compared to the average trading volume of 2.20M shares, PXD reached a trading volume of 13461774 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $138.36 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.

Truist have made an estimate for Pioneer Natural Resources Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 22, 2020. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $121 to $106. The new note on the price target was released on October 23, 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 5.42, with the Price to Sales ratio for PXD stock in the period of the last 12 months amounting to 2.92. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 8.42. Price to Free Cash Flow for PXD in the course of the last twelve months was 11.78 with Quick ratio for the last quarter at 1.30.

PXD stock trade performance evaluation

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 11.35. With this latest performance, PXD shares gained by 13.75% in over the last four-week period, additionally plugging by 41.25% over the last 6 months – not to mention a drop of -7.94% 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 74.72, with the RSI for the last a single of trading hit 80.95, and the three-weeks RSI is set at 70.54 for Pioneer Natural Resources Company [PXD]. The present Moving Average for the last 50 days of trading for this stock 106.05, while it was recorded at 131.23 for the last single week of trading, and 95.52 for the last 200 days.

Pioneer Natural Resources Company [PXD]: An insightful look at the core 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 1.30 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Pioneer Natural Resources Company [PXD] stock

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 13.92%.

Pioneer Natural Resources Company [PXD]: Insider Ownership positions

There are presently around $19,523 million, or 93.10% of PXD stock, in the hands of institutional investors. The top three institutional holders of PXD stocks are: VANGUARD GROUP INC with ownership of 18,354,029, which is approximately 12.954% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 16,088,193 shares of the stock with an approximate value of $2.11 billion in PXD stocks shares; and STATE STREET CORP, currently with $1.29 billion in PXD stock with ownership of nearly 0.218% of the company’s market capitalization.

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Positions in Pioneer Natural Resources Company stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 275 institutional holders increased their position in Pioneer Natural Resources Company [NYSE:PXD] by around 10,313,176 shares. Additionally, 318 investors decreased positions by around 9,744,022 shares, while 87 investors held positions by with 128,498,806 shares. The mentioned changes placed institutional holdings at 148,556,004 shares, according to the latest SEC report filing. PXD stock had 60 new institutional investments in for a total of 1,442,426 shares, while 65 institutional investors sold positions of 757,898 shares during the same period.

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