Pioneer Natural Resources Company [NYSE: PXD] jumped around 2.72 points on Thursday, while shares priced at $255.64 at the close of the session, up 1.08%. The company report on November 3, 2022 that Pioneer Natural Resources Announces Publication of 2022 Climate Risk Report.
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Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) announced today the publication of its 2022 Climate Risk Report. The publication of this report highlights Pioneer’s progress toward integrating climate-related risks and opportunities into the Company’s governance structure, business strategy and planning process, and risk management practice. The 2022 report provides numerous positive updates since the inaugural publication in 2021, demonstrating the Company’s commitment to improving its environmental, social and governance metrics.
Pioneer Natural Resources Company stock is now 50.42% up from its year-to-date (YTD) trading value. PXD Stock saw the intraday high of $257.73 and lowest of $249.55 per share. The company’s 52-week high price is 279.76, which means current price is +42.18% above from all time high which was touched on 05/31/22.
Compared to the average trading volume of 2.47M shares, PXD reached a trading volume of 2787043 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 $281.94 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 2.30. 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.
Jefferies have made an estimate for Pioneer Natural Resources Company shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $267 to $261. The new note on the price target was released on October 19, 2022, representing the official price target for Pioneer Natural Resources Company stock. Previously, the target price had yet another drop from $257 to $240, while Citigroup kept a Neutral rating on PXD stock.
The Average True Range (ATR) for Pioneer Natural Resources Company is set at 9.46, with the Price to Sales ratio for PXD stock in the period of the last 12 months amounting to 2.66. The Price to Book ratio for the last quarter was 2.60, with the Price to Cash per share for the same quarter was set at 13.19. Price to Free Cash Flow for PXD in the course of the last twelve months was 11.35 with Quick ratio for the last quarter at 1.20.
How has PXD stock performed recently?
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 -3.84. With this latest performance, PXD shares gained by 1.78% in over the last four-week period, additionally plugging by 5.25% over the last 6 months – not to mention a rise of 46.56% 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 54.73, with the RSI for the last a single of trading hit 52.46, and the three-weeks RSI is set at 54.65 for Pioneer Natural Resources Company [PXD]. The present Moving Average for the last 50 days of trading for this stock 244.29, while it was recorded at 255.04 for the last single week of trading, and 240.00 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 +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 1.20 and a Current Ratio set at 1.30.
Earnings analysis for Pioneer Natural Resources Company [PXD]
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 21.60%.
Insider trade positions for Pioneer Natural Resources Company [PXD]
There are presently around $56,027 million, or 93.80% of PXD stock, in the hands of institutional investors. The top three institutional holders of PXD stocks are: BLACKROCK INC. with ownership of 19,118,985, which is approximately -7.987% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 18,772,038 shares of the stock with an approximate value of $4.8 billion in PXD stocks shares; and CAPITAL WORLD INVESTORS, currently with $4.52 billion in PXD stock with ownership of nearly 12.651% of the company’s market capitalization.
Positions in Pioneer Natural Resources Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 611 institutional holders increased their position in Pioneer Natural Resources Company [NYSE:PXD] by around 18,936,476 shares. Additionally, 483 investors decreased positions by around 18,709,569 shares, while 139 investors held positions by with 181,516,311 shares. The mentioned changes placed institutional holdings at 219,162,356 shares, according to the latest SEC report filing. PXD stock had 160 new institutional investments in for a total of 3,365,056 shares, while 101 institutional investors sold positions of 977,391 shares during the same period.