Pioneer Natural Resources Company [NYSE: PXD] loss -2.29% on the last trading session, reaching $150.00 price per share at the time. The company report on August 3, 2021 that Pioneer Natural Resources Reports Second Quarter 2021 Financial and Operating Results.
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) reported financial and operating results for the quarter ended June 30, 2021. Pioneer reported second quarter net income attributable to common stockholders of $380 million, or $1.54 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 second quarter was $629 million, or $2.55 per diluted share. Cash flow from operating activities for the second quarter was $1.5 billion.
Pioneer Natural Resources Company represents 243.95 million in outstanding shares, while the company has a total market value of $37.02 billion with the latest information. PXD stock price has been found in the range of $148.76 to $153.60.
If compared to the average trading volume of 2.60M shares, PXD reached a trading volume of 3342014 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $207.52 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 1.90. 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.
Bernstein have made an estimate for Pioneer Natural Resources Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 21, 2021. While these analysts kept the previous recommendation, Scotiabank raised their target price from $175 to $185. The new note on the price target was released on May 21, 2021, representing the official price target for Pioneer Natural Resources Company stock. Previously, the target price had yet another raise to $178, while KeyBanc Capital Markets analysts kept a Overweight rating on PXD stock.
The Average True Range (ATR) for Pioneer Natural Resources Company is set at 5.55, with the Price to Sales ratio for PXD stock in the period of the last 12 months amounting to 4.58. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 3.42. Price to Free Cash Flow for PXD in the course of the last twelve months was 31.78 with Quick ratio for the last quarter at 0.70.
Trading performance analysis for PXD stock
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 3.46. With this latest performance, PXD shares dropped by -6.81% in over the last four-week period, additionally plugging by 18.45% over the last 6 months – not to mention a rise of 50.72% 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 50.02, with the RSI for the last a single of trading hit 53.47, and the three-weeks RSI is set at 48.60 for Pioneer Natural Resources Company [PXD]. The present Moving Average for the last 50 days of trading for this stock 156.01, while it was recorded at 147.66 for the last single week of trading, and 136.59 for the last 200 days.
Pioneer Natural Resources Company [PXD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Pioneer Natural Resources Company [PXD] shares currently have an operating margin of +7.52 and a Gross Margin at +10.99. Pioneer Natural Resources Company’s Net Margin is presently recorded at -2.85.
Return on Total Capital for PXD is now 3.54, given the latest momentum, and Return on Invested Capital for the company is -1.38. Return on Equity for this stock declined to -1.69, with Return on Assets sitting at -0.96. 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 30.34. Additionally, PXD Total Debt to Total Capital is recorded at 23.28, with Total Debt to Total Assets ending up at 16.81. Long-Term Debt to Equity for the company is recorded at 28.27, with the Long-Term Debt to Total Capital now at 21.69.
Reflecting on the efficiency of the workforce at the company, Pioneer Natural Resources Company [PXD] managed to generate an average of -$107,933 per employee. Receivables Turnover for the company is 8.07 with a Total Asset Turnover recorded at a value of 0.34.Pioneer Natural Resources Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.
An analysis of insider ownership at Pioneer Natural Resources Company [PXD]
There are presently around $29,274 million, or 87.80% of PXD stock, in the hands of institutional investors. The top three institutional holders of PXD stocks are: VANGUARD GROUP INC with ownership of 23,014,340, which is approximately 8.821% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 18,943,582 shares of the stock with an approximate value of $2.84 billion in PXD stocks shares; and STATE STREET CORP, currently with $2.02 billion in PXD stock with ownership of nearly 16.958% of the company’s market capitalization.
Positions in Pioneer Natural Resources Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 400 institutional holders increased their position in Pioneer Natural Resources Company [NYSE:PXD] by around 28,574,067 shares. Additionally, 388 investors decreased positions by around 24,582,771 shares, while 97 investors held positions by with 142,005,709 shares. The mentioned changes placed institutional holdings at 195,162,547 shares, according to the latest SEC report filing. PXD stock had 101 new institutional investments in for a total of 4,656,530 shares, while 123 institutional investors sold positions of 5,206,853 shares during the same period.