Pioneer Natural Resources Company [PXD] stock Downgrade by BofA Securities analyst, price target now $234

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Pioneer Natural Resources Company [NYSE: PXD] stock went on a downward path that fall over -6.47% on Thursday, amounting to a one-week price decrease of less than -12.75%. The company report on May 4, 2022 that Pioneer Natural Resources Reports First Quarter 2022 Financial and Operating Results.


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Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter ended March 31, 2022. Pioneer reported first quarter net income attributable to common stockholders of $2.0 billion, or $7.85 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 first quarter was $2.0 billion, or $7.74 per diluted share. Cash flow from operating activities for the first quarter was $2.6 billion.

Over the last 12 months, PXD stock rose by 63.51%. The one-year Pioneer Natural Resources Company stock forecast points to a potential upside of 19.66. The average equity rating for PXD stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $59.71 billion, with 243.00 million shares outstanding and 240.58 million shares in the current float. Compared to the average trading volume of 2.36M shares, PXD stock reached a trading volume of 5417512 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $300.61 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 2.00. 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.

BofA Securities have made an estimate for Pioneer Natural Resources Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on November 08, 2021, representing the official price target for Pioneer Natural Resources Company stock. On May 21, 2021, analysts increased their price target for PXD shares from 175 to 185.

The Average True Range (ATR) for Pioneer Natural Resources Company is set at 10.98, with the Price to Sales ratio for PXD stock in the period of the last 12 months amounting to 2.85. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 13.17. Price to Free Cash Flow for PXD in the course of the last twelve months was 10.75 with Quick ratio for the last quarter at 1.40.

PXD Stock Performance Analysis:

Pioneer Natural Resources Company [PXD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.75. With this latest performance, PXD shares dropped by -10.56% in over the last four-week period, additionally plugging by 43.92% over the last 6 months – not to mention a rise of 63.51% 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 35.02, with the RSI for the last a single of trading hit 23.67, and the three-weeks RSI is set at 39.46 for Pioneer Natural Resources Company [PXD]. The present Moving Average for the last 50 days of trading for this stock 258.55, while it was recorded at 259.30 for the last single week of trading, and 213.67 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 +36.62 and a Gross Margin at +38.25. Pioneer Natural Resources Company’s Net Margin is presently recorded at +11.82.

Return on Equity for this stock inclined to 12.28, with Return on Assets sitting at 7.08.

Pioneer Natural Resources Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.50.

PXD Stock EPS

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 17.40%.

Pioneer Natural Resources Company [PXD] Insider Position Details

There are presently around $56,870 million, or 92.20% of PXD stock, in the hands of institutional investors. The top three institutional holders of PXD stocks are: VANGUARD GROUP INC with ownership of 21,961,809, which is approximately -9.267% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 20,778,522 shares of the stock with an approximate value of $5.37 billion in PXD stocks shares; and CAPITAL WORLD INVESTORS, currently with $4.05 billion in PXD stock with ownership of nearly 9.982% of the company’s market capitalization.

Positions in Pioneer Natural Resources Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 589 institutional holders increased their position in Pioneer Natural Resources Company [NYSE:PXD] by around 24,746,829 shares. Additionally, 433 investors decreased positions by around 16,761,595 shares, while 115 investors held positions by with 178,738,384 shares. The mentioned changes placed institutional holdings at 220,246,808 shares, according to the latest SEC report filing. PXD stock had 204 new institutional investments in for a total of 2,017,670 shares, while 75 institutional investors sold positions of 928,020 shares during the same period.

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