Pioneer Natural Resources Co. (NYSE:PXD) shares, rose in value, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $272.78.
Actively observing the price movement in the last trading, the stock closed the session at $269.84. The value of beta (5-year monthly) was 1.33 whereas the PE ratio was 13.48 over 12-month period. Referring to stock’s 52-week performance, its high was $270.39, and the low was $193.56. On the whole, PXD has fluctuated by 13.63% over the past month.
With the market capitalization of Pioneer Natural Resources Co. currently standing at about $63.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 5.00, with its dividend yield at 1.83%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $4.71, which is expected to increase to $5.65 for fiscal year $20.25 and then to about $21.59 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.50% in 2025, while the next year’s EPS growth is forecast to be 6.60%.
Analysts have estimated the company’s revenue for the quarter at $4.08 billion, with a low estimate of $3.1 billion and a high estimate of $6.09 billion. According to the average forecast, sales growth in current quarter could jump up 28.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $17.8 billion, representing an increase of 37.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that PXD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.74, with the price of PXD currently trading nearly 6.95% and 13.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 86.86, while the 7-day volatility ratio is showing 1.41% which for the 30-day chart, stands at 1.36%. Furthermore, Pioneer Natural Resources Co. (PXD)’s beta value is 1.30, and its average true range (ATR) is 3.75.
A comparison of Pioneer Natural Resources Co. (PXD) with its peers suggests the former has fared considerably weaker in the market. PXD showed an intraday change of 1.09% in last session, and over the past year, it grew by 32.90%%.
Data on historical trading for Pioneer Natural Resources Co. (NYSE:PXD) indicates that the trading volumes over the past 10 days have averaged 1.27 million and over the past 3 months, they’ve averaged 2.06 million. According to company’s latest data on outstanding shares, there are 233.62 million shares outstanding.
Nearly 0.70% of Pioneer Natural Resources Co.’s shares belong to company insiders and institutional investors own 81.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.33 million shares as on Mar 15, 2024, resulting in a short ratio of 2.47. According to the data, the short interest in Pioneer Natural Resources Co. (PXD) stood at 2.71% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.62 million. The stock has risen by 21.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PXD stock heading into the next quarter.
