Market Analysts see Pioneer Natural Resources Company [PXD] gaining to $216. Time to buy?


Pioneer Natural Resources Company [NYSE: PXD] jumped around 2.19 points on Wednesday, while shares priced at $190.25 at the close of the session, up 1.16%. The company report on November 3, 2021 that Pioneer Natural Resources Reports Third 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 September 30, 2021. Pioneer reported third quarter net income attributable to common stockholders of $1.0 billion, or $4.07 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 $1.1 billion, or $4.13 per diluted share. Cash flow from operating activities for the third quarter was $2.0 billion.

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Pioneer Natural Resources Company stock is now 67.05% up from its year-to-date (YTD) trading value. PXD Stock saw the intraday high of $192.74 and lowest of $187.22 per share. The company’s 52-week high price is 196.64, which means current price is +70.15% above from all time high which was touched on 10/11/21.

Compared to the average trading volume of 2.04M shares, PXD reached a trading volume of 2572792 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $226.12 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.

Citigroup have made an estimate for Pioneer Natural Resources Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 08, 2021. The new note on the price target was released on June 21, 2021, representing the official price target for Pioneer Natural Resources Company stock. Previously, the target price had yet another raise from $175 to $185, while Scotiabank kept a Sector Outperform rating on PXD stock.

The Average True Range (ATR) for Pioneer Natural Resources Company is set at 5.52, with the Price to Sales ratio for PXD stock in the period of the last 12 months amounting to 3.31. The Price to Book ratio for the last quarter was 2.00, with the Price to Cash per share for the same quarter was set at 2.92. Price to Free Cash Flow for PXD in the course of the last twelve months was 13.67 with Quick ratio for the last quarter at 0.60.

How has PXD stock performed recently?

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 5.55. With this latest performance, PXD shares dropped by -0.86% in over the last four-week period, additionally plugging by 25.21% over the last 6 months – not to mention a rise of 70.86% 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 60.81, with the RSI for the last a single of trading hit 64.66, and the three-weeks RSI is set at 59.88 for Pioneer Natural Resources Company [PXD]. The present Moving Average for the last 50 days of trading for this stock 180.69, while it was recorded at 182.99 for the last single week of trading, and 160.43 for the last 200 days.

Pioneer Natural Resources Company [PXD]: Deeper insight into the 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 +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 0.60 and a Current Ratio set at 0.60.

Earnings analysis for Pioneer Natural Resources Company [PXD]

With the latest financial reports released by the company, Pioneer Natural Resources Company posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -32.00%. 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 78.18%.

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Insider trade positions for Pioneer Natural Resources Company [PXD]

There are presently around $39,689 million, or 86.50% of PXD stock, in the hands of institutional investors. The top three institutional holders of PXD stocks are: VANGUARD GROUP INC with ownership of 24,185,260, which is approximately 0.299% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 16,557,653 shares of the stock with an approximate value of $3.15 billion in PXD stocks shares; and STATE STREET CORP, currently with $2.84 billion in PXD stock with ownership of nearly -1.488% 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 441 institutional holders increased their position in Pioneer Natural Resources Company [NYSE:PXD] by around 15,836,933 shares. Additionally, 336 investors decreased positions by around 20,738,402 shares, while 121 investors held positions by with 172,037,666 shares. The mentioned changes placed institutional holdings at 208,613,001 shares, according to the latest SEC report filing. PXD stock had 105 new institutional investments in for a total of 2,299,619 shares, while 80 institutional investors sold positions of 5,530,332 shares during the same period.