NYSE:PXD

Stock Analysis Report

Pioneer Natural Resources

Executive Summary

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Pioneer Natural Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.5%

PXD

0.8%

US Oil and Gas

2.3%

US Market


1 Year Return

-24.5%

PXD

-22.2%

US Oil and Gas

5.6%

US Market

Return vs Industry: PXD underperformed the US Oil and Gas industry which returned -22.2% over the past year.

Return vs Market: PXD underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

PXDIndustryMarket
7 Day1.5%0.8%2.3%
30 Day-11.0%-7.9%-1.0%
90 Day-5.7%-8.3%-0.7%
1 Year-24.1%-24.5%-19.3%-22.2%7.9%5.6%
3 Year-31.5%-32.1%-8.2%-16.4%45.6%36.3%
5 Year-27.6%-28.3%-23.7%-34.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is Pioneer Natural Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pioneer Natural Resources undervalued compared to its fair value and its price relative to the market?

23.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PXD ($128.41) is trading above our estimate of fair value ($24.77)

Significantly Undervalued: PXD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PXD is poor value based on its PE Ratio (24x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: PXD is poor value based on its PE Ratio (24x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: PXD is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: PXD is overvalued based on its PB Ratio (1.8x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Pioneer Natural Resources forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PXD's forecast earnings growth (25% per year) is above the savings rate (2.7%).

Earnings vs Market: PXD's earnings (25% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PXD's revenue (9.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: PXD's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: PXD's Return on Equity is forecast to be low in 3 years time (11%).


Next Steps

Past Performance

How has Pioneer Natural Resources performed over the past 5 years?

31.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PXD has become profitable over the past 5 years, growing earnings by 31.6% per year.

Accelerating Growth: PXD's earnings growth over the past year (3.6%) is below its 5-year average (31.6% per year).

Earnings vs Industry: PXD earnings growth over the past year (3.6%) underperformed the Oil and Gas industry 22.6%.


Return on Equity

High ROE: PXD's Return on Equity (7.7%) is considered low.


Return on Assets

ROA vs Industry: PXD's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: PXD's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Pioneer Natural Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PXD's short term assets ($2.2B) do not cover its short term liabilities ($2.5B)

Long Term Liabilities: PXD's short term assets (2.2B) do not cover its long term liabilities (3.7B)


Debt to Equity History and Analysis

Debt Level: PXD's debt to equity ratio (19.2%) is considered satisfactory

Reducing Debt: PXD's debt to equity ratio has reduced from 39.4% to 19.2% over the past 5 years.

Debt Coverage: PXD's debt is well covered by operating cash flow (139.2%).

Interest Coverage: PXD's interest payments on its debt are well covered by EBIT (25.9x coverage).


Balance Sheet

Inventory Level: PXD has a high level of physical assets or inventory.

Debt Coverage by Assets: PXD's debt is not covered by short term assets (assets are 1x debt).


Next Steps

Dividend

What is Pioneer Natural Resources's current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.5%markettop25%3.8%industryaverage4.2%forecastin3Years1.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PXD's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: PXD's dividend (0.69%) is low compared to the top 25% of dividend payers in the US market (3.76%).

Stable Dividend: PXD is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: PXD is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: PXD is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PXD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Pioneer Natural Resources's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Scott Sheffield (66yo)

0.7yrs

Tenure

US$637,052

Compensation

Mr. Scott Douglas Sheffield, B.S. Petroleum Engineering, serves as the Chairman and Chief Executive Officer of Pioneer Southwest Energy Partners L.P. and Pioneer Natural Resources GP, LLC. Mr. Sheffield se ...


CEO Compensation Analysis

Compensation vs. Market: Scott has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

55yo

Average Age

Experienced Management: PXD's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

6.3yrs

Average Tenure

66yo

Average Age

Experienced Board: PXD's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

Insider Buying: PXD insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellUS$788,61518 Sep 19
Chris Cheatwood
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Field Development & Emerging Technology
Shares5,619
Max PriceUS$140.35
BuyUS$60,50528 Aug 19
James Thompson
EntityIndividual
Role
Chairman of the Board
Chairman & Lead Director
Shares500
Max PriceUS$121.01
SellUS$136,20114 May 19
Margaret Montemayor
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares888
Max PriceUS$153.38
BuyUS$98,17528 Dec 18
Andrew Cates
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares790
Max PriceUS$126.63
SellUS$644,08020 Dec 18
Timothy Dove
EntityIndividual
Shares4,800
Max PriceUS$136.50

Ownership Breakdown


Management Team

  • Mark Berg (60yo)

    Executive Vice President of Corporate/Vertically Integrated Operations

    • Tenure: 14.5yrs
    • Compensation: US$3.65m
  • Scott Sheffield (66yo)

    President

    • Tenure: 0.7yrs
    • Compensation: US$637.05k
  • Mark Kleinman (57yo)

    Executive VP

    • Tenure: 5.8yrs
  • Chris Cheatwood (58yo)

    Executive Vice President of Field Development & Emerging Technology

    • Tenure: 17.8yrs
    • Compensation: US$3.55m
  • Richard Dealy (53yo)

    Executive VP & CFO

    • Tenure: 14.9yrs
    • Compensation: US$4.67m
  • Larry Paulsen

    Senior Vice President of Administration and Risk Management

    • Tenure: 5.8yrs
  • Neal Shah

    Vice President of Investor Relations

    • Tenure: 2.3yrs
  • Joey Hall (53yo)

    Executive Vice President of Operations

    • Tenure: 6.3yrs
    • Compensation: US$4.57m
  • Margaret Montemayor (41yo)

    VP & Chief Accounting Officer

    • Tenure: 5.6yrs
  • Stephanie Stewart (50yo)

    VP & Chief Information Officer

    • Tenure: 5.3yrs

Board Members

  • Scott Sheffield (66yo)

    President

    • Tenure: 0.7yrs
    • Compensation: US$637.05k
  • Ken Thompson (67yo)

    Chairman & Lead Director

    • Tenure: 0.7yrs
    • Compensation: US$357.60k
  • Phoebe Wood (66yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$315.91k
  • Phillip Gobe (66yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$325.90k
  • Frank Risch (76yo)

    Independent Director

    • Tenure: 14.2yrs
    • Compensation: US$332.63k
  • Edison Buchanan (64yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$319.86k
  • Royce Mitchell (64yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$314.91k
  • Stacy Methvin (62yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$330.40k
  • Andrew Cates (48yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: US$312.41k
  • Larry Grillot (72yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$314.91k

Company Information

Pioneer Natural Resources Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pioneer Natural Resources Company
  • Ticker: PXD
  • Exchange: NYSE
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$21.463b
  • Shares outstanding: 167.14m
  • Website: https://www.pxd.com

Number of Employees


Location

  • Pioneer Natural Resources Company
  • 5205 North O'Connor Boulevard
  • Suite 200
  • Irving
  • Texas
  • 75039
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PXDNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1991
PNKDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1991
0KIXLSE (London Stock Exchange)YesCommon StockGBUSDFeb 1991
PXD *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1991

Biography

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids ( ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:40
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.