Pioneer Natural Resources Company (NYSE: PXD) stock fell -2.23% on Thursday to $207.60 against a previous-day closing price of $212.33. With 1.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $209.48 whereas the lowest price it dropped to was $206.00. The 52-week range on PXD shows that it touched its highest point at $268.64 and its lowest point at $177.26 during that stretch. It currently has a 1-year price target of $254.36. With its current market cap of 47.37 billion, PXD has annualized dividend of $23.20 while the current yield stands at 11.18%. Beta for the stock currently stands at 1.46.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PXD was up-trending over the past week, with a rise of 1.78%, but this was down by -6.69% over a month. Three-month performance surged to 7.92% while six-month performance fell -13.89%. The stock lost -15.84% in the past year, while it has lost -7.12% so far this year. A look at the trailing 12-month EPS for PXD yields 28.17 with Next year EPS estimates of 23.23. For the next quarter, that number is 4.98. This implies an EPS growth rate of 261.20% for this year and 8.23% for next year. EPS is expected to decline by -6.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 92.10%.
Float and Shares Shorts:
At present, 235.00 million PXD shares are outstanding with a float of 233.31 million shares on hand for trading. On May 14, 2023, short shares totaled 4.07 million, which was 1.74% higher than short shares on Apr 13, 2023. In addition to Mr. Scott Douglas Sheffield as the firm’s CEO & Director, Mr. Richard P. Dealy serves as its Pres & COO.
Institutional Ownership:
Through their ownership of 90.73% of PXD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.83% of PXD, in contrast to 26.33% held by mutual funds. Shares owned by individuals account for 1.29%. As the largest shareholder in PXD with 7.90% of the stake, The Vanguard Group, Inc. holds 18,555,992 shares worth 18,555,992. A second-largest stockholder of PXD, SSgA Funds Management, Inc., holds 15,893,459 shares, controlling over 6.76% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in PXD, holding 12,439,444 shares or 5.29% stake. With a 4.53% stake in PXD, the Victory INCORE Investment Grade C is the largest stakeholder. A total of 10,641,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.95% of PXD stock, is the second-largest Mutual Fund holder. It holds 6,937,525 shares valued at 1.51 billion. Washington Mutual Investors Fund holds 2.91% of the stake in PXD, owning 6,834,987 shares worth 1.49 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PXD reported revenue of $7.00B and operating income of $3.15B. The EBITDA in the recently reported quarter was $3.71B and diluted EPS was $9.30.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PXD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PXD analysts setting a high price target of $319.00 and a low target of $220.00, the average target price over the next 12 months is $253.80. Based on these targets, PXD could surge 53.66% to reach the target high and rise by 5.97% to reach the target low. Reaching the average price target will result in a growth of 22.25% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded PXD stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 24,930 shares were bought while 24,930 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 185,537 while 111,217 shares were sold.
