Pioneer Natural Resources
Market Cap
US$23.6b
Last Updated
2020/02/22 00:46 UTC
Data Sources
Company Financials +
Executive Summary
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet average dividend payer.
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
Stable Share Price: PXD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.2%
PXD
-0.7%
US Oil and Gas
-1.0%
US Market
1 Year Return
0.08%
PXD
-18.9%
US Oil and Gas
18.0%
US Market
Return vs Industry: PXD exceeded the US Oil and Gas industry which returned -18.9% over the past year.
Return vs Market: PXD underperformed the US Market which returned 18% over the past year.
Shareholder returns
| PXD | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | -0.7% | -1.0% |
| 30 Day | 1.3% | -6.9% | 0.6% |
| 90 Day | 9.8% | -7.5% | 7.9% |
| 1 Year | 0.9%0.08% | -15.7%-18.9% | 20.4%18.0% |
| 3 Year | -22.4%-23.3% | -12.3%-20.5% | 48.0%38.5% |
| 5 Year | -5.6%-6.7% | -21.5%-33.1% | 72.2%53.3% |
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
1 day ago | Simply Wall St
Pioneer Natural Resources Company Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?5 days ago | Simply Wall St
Do Institutions Own Pioneer Natural Resources Company (NYSE:PXD) Shares?2 weeks ago | Simply Wall St
Is Pioneer Natural Resources Company’s (NYSE:PXD) 15% ROCE Any Good?Valuation
Is Pioneer Natural Resources undervalued compared to its fair value and its price relative to the market?
31.55x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PXD ($142.25) is trading above our estimate of fair value ($109.84)
Significantly Below Fair Value: 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 (31.5x) compared to the Oil and Gas industry average (10x).
PE vs Market: PXD is poor value based on its PE Ratio (31.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: PXD is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: PXD is overvalued based on its PB Ratio (1.9x) compared to the US Oil and Gas industry average (0.8x).
Next Steps
Future Growth
How is Pioneer Natural Resources forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
21.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PXD's forecast earnings growth (21.4% per year) is above the savings rate (1.7%).
Earnings vs Market: PXD's earnings (21.4% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PXD's revenue (7.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: PXD's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PXD's Return on Equity is forecast to be low in 3 years time (18.3%).
Next Steps
Past Performance
How has Pioneer Natural Resources performed over the past 5 years?
24.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PXD has a large one-off loss of $477.0M impacting its December 31 2019 financial results.
Growing Profit Margin: PXD's current net profit margins (7.8%) are lower than last year (10.4%).
Past Earnings Growth Analysis
Earnings Trend: PXD's earnings have grown significantly by 24% per year over the past 5 years.
Accelerating Growth: PXD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PXD had negative earnings growth (-22.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-13.3%).
Return on Equity
High ROE: PXD's Return on Equity (6.2%) is considered low.
Return on Assets
Return on Capital Employed
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 ($4.5B).
Debt to Equity History and Analysis
Debt Level: PXD's debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: PXD's debt to equity ratio has reduced from 30.9% to 18.9% over the past 5 years.
Debt Coverage: PXD's debt is well covered by operating cash flow (136.1%).
Interest Coverage: PXD's interest payments on its debt are well covered by EBIT (33.5x 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?
1.55%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PXD's dividend (1.55%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: PXD's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: PXD's dividend payments have been volatile in the past 10 years.
Growing Dividend: PXD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.6%), PXD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PXD's dividends in 3 years are forecast to be well covered by earnings (19.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Scott Sheffield (66yo)
1yrs
Tenure
US$637,052
Compensation
Mr. Scott Douglas Sheffield, B.S. Petroleum Engineering, serves as the Chairman and Chief Executive Officer of Pioneer Southwest Energy Partners L.P. and Pioneer Natural Resources GP, LLC. Mr. Sheffield se ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD637.05K) is below average for companies of similar size in the US market ($USD10.79M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yrs | US$637.05k | 0.37% $87.9m | |
| Executive VP & CFO | 15.3yrs | US$4.67m | 0.15% $35.1m | |
| Executive Vice President of Field Development & Emerging Technology | 0yrs | US$3.55m | 0.028% $6.7m | |
| Executive Vice President of Corporate/Vertically Integrated Operations | 14.8yrs | US$3.65m | 0.049% $11.5m | |
| Executive Vice President of Operations | 6.7yrs | US$4.57m | 0.027% $6.4m | |
| VP & Chief Accounting Officer | 5.9yrs | no data | 0.0050% $1.2m | |
| VP & Chief Information Officer | 5.7yrs | no data | 0.0092% $2.2m | |
| Senior Vice President of Administration and Risk Management | 6.1yrs | no data | no data | |
| Vice President of Investor Relations | 2.7yrs | no data | 0.0068% $1.6m | |
| Executive VP | 6.1yrs | no data | 0.014% $3.3m |
6.1yrs
Average Tenure
55yo
Average Age
Experienced Management: PXD's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yrs | US$637.05k | 0.37% $87.9m | |
| Chairman & Lead Director | 1yrs | US$357.60k | 0.0086% $2.0m | |
| Independent Director | 6.6yrs | US$315.91k | 0.0048% $1.1m | |
| Independent Director | 5.6yrs | US$325.90k | 0.0056% $1.3m | |
| Independent Director | 14.5yrs | US$332.63k | 0.0067% $1.6m | |
| Independent Director | 18.1yrs | US$319.86k | 0.016% $3.9m | |
| Independent Director | 5.6yrs | US$314.91k | 0.0067% $1.6m | |
| Independent Director | 6.6yrs | US$330.40k | 0.0063% $1.5m | |
| Independent Director | 10.7yrs | US$312.41k | 0.010% $2.4m | |
| Independent Director | 6.6yrs | US$314.91k | 0.0057% $1.4m |
6.6yrs
Average Tenure
66yo
Average Age
Experienced Board: PXD's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PXD insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$23.610b
- Shares outstanding: 165.65m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PXD | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1991 |
| PNK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1991 |
| 0KIX | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Feb 1991 |
| PXD * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Feb 1991 |
| PNK | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Feb 1991 |
| P1IO34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 4 REPR 1 COM | BR | BRL | Jan 2020 |
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 (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas. As of December 31, 2018, the company had proved undeveloped reserves and proved developed non-producing reserves of 55 million barrels of oil, 24 million barrels of NGLs, and 142 cubic feet of gas; and owned interests in 11 gas processing plants and 2 treating facilities. Pioneer Natural Resources Company is headquartered in Irving, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 00:46 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.