Pioneer Natural Resources
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The last earnings update was 5 days ago. More info.
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PXD Share Price and Events
7 Day Returns
1 Year Returns
PXD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Pioneer Natural Resources (PXD) | 5.6% | 0.3% | -3.8% | -18.7% | 16.3% | -25.4% |
| US Oil and Gas | 1% | 3.6% | -3.7% | -4.5% | 17.3% | -25% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- PXD underperformed the Oil and Gas industry which returned -4.5% over the past year.
- PXD underperformed the Market in United States of America which returned 0.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Pioneer Natural Resources
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Pioneer Natural Resources.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 25 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 21%) (9.22%)) |
0.992 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.99 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.992 * 7.27%) |
9.94% |
Discounted Cash Flow Calculation for NYSE:PXD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Pioneer Natural Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 87.61 | 565.42 | 678.31 | 793.63 | 920.61 |
| Source | Analyst x6 | Analyst x8 | Analyst x3 | Est @ 17%, capped from 18.62% | Est @ 16%, capped from 18.62% |
|
Present Value Discounted (@ 9.94%) |
79.69 | 467.81 | 510.48 | 543.26 | 573.21 |
| Present value of next 5 years cash flows | $2,174.45 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $920.61 × (1 + 2.73%) ÷ (9.94% – 2.73%) |
$13,118.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $13,118.98 ÷ (1 + 9.94%)5 |
$8,168.50 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $2,174.45 + $8,168.50 |
$10,342.95 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $10,342.95 / 170.46 |
$60.68 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $60.68 |
| Current discount | Discount to share price of
$145.35
= -1 x ($145.35 - $60.68) / $60.68 |
-139.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Pioneer Natural Resources is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Pioneer Natural Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Pioneer Natural Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $5.69 |
| NYSE:PXD Share Price ** | NYSE (2019-02-15) in USD | $145.35 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 93 Publicly-Listed Oil and Gas Companies | 11.86x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Pioneer Natural Resources.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:PXD Share Price ÷ EPS (both in USD) = 145.35 ÷ 5.69 |
25.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pioneer Natural Resources is overvalued based on earnings compared to the US Oil and Gas industry average.
- Pioneer Natural Resources is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Pioneer Natural Resources's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 25.54x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts |
21.3%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 66 Publicly-Listed Oil and Gas Companies | 0.52x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 25.54x ÷ 21.3% |
1.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pioneer Natural Resources is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Pioneer Natural Resources's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $70.82 |
| NYSE:PXD Share Price * | NYSE (2019-02-15) in USD | $145.35 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 194 Publicly-Listed Oil and Gas Companies | 1.08x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:PXD Share Price ÷ Book Value per Share (both in USD) = 145.35 ÷ 70.82 |
2.05x |
* Primary Listing of Pioneer Natural Resources.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pioneer Natural Resources is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Pioneer Natural Resources's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Pioneer Natural Resources has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Pioneer Natural Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Pioneer Natural Resources's earnings growth is expected to exceed the United States of America market average.
- Pioneer Natural Resources's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:PXD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts | 21.3% |
| NYSE:PXD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts | 9.3% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 8.8% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 13,400 | 6,484 | 3,092 | 2 |
| 2022-12-31 | 13,898 | 5,944 | 2,713 | 3 |
| 2021-12-31 | 13,107 | 5,008 | 2,243 | 6 |
| 2020-12-31 | 10,844 | 4,225 | 1,605 | 10 |
| 2019-12-31 | 9,363 | 3,432 | 1,231 | 9 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 9,379 | 3,242 | 973 |
| 2018-09-30 | 8,942 | 3,117 | 1,312 |
| 2018-06-30 | 7,767 | 2,699 | 880 |
| 2018-03-31 | 6,510 | 2,280 | 1,045 |
| 2017-12-31 | 5,294 | 2,090 | 827 |
| 2017-09-30 | 4,309 | 1,841 | 124 |
| 2017-06-30 | 4,113 | 1,827 | 169 |
| 2017-03-31 | 4,002 | 1,753 | -331 |
| 2016-12-31 | 3,509 | 1,499 | -556 |
| 2016-09-30 | 3,534 | 1,418 | -1,132 |
| 2016-06-30 | 3,330 | 1,335 | -512 |
| 2016-03-31 | 3,154 | 1,254 | -459 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
All data from Pioneer Natural Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 18.66 | 25.92 | 14.50 | 3.00 |
| 2022-12-31 | 16.16 | 18.92 | 13.14 | 4.00 |
| 2021-12-31 | 13.19 | 14.47 | 10.95 | 6.00 |
| 2020-12-31 | 9.59 | 13.38 | 6.80 | 20.00 |
| 2019-12-31 | 7.05 | 9.54 | 5.80 | 19.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 5.69 |
| 2018-09-30 | 7.68 |
| 2018-06-30 | 5.16 |
| 2018-03-31 | 6.15 |
| 2017-12-31 | 4.86 |
| 2017-09-30 | 0.73 |
| 2017-06-30 | 1.00 |
| 2017-03-31 | -1.97 |
| 2016-12-31 | -3.35 |
| 2016-09-30 | -7.03 |
| 2016-06-30 | -3.28 |
| 2016-03-31 | -3.01 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Pioneer Natural Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Pioneer Natural Resources's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Pioneer Natural Resources has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Pioneer Natural Resources performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Pioneer Natural Resources has delivered over 20% year on year earnings growth in the past 5 years.
- Pioneer Natural Resources's 1-year earnings growth is less than its 5-year average (17.7% vs 31.7%)
- Pioneer Natural Resources's earnings growth has not exceeded the US Oil and Gas industry average in the past year (17.7% vs 82.8%).
Earnings and Revenue History
All data from Pioneer Natural Resources Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 9,379.00 | 973.00 | 495.00 | |
| 2018-09-30 | 8,942.00 | 1,312.00 | 464.00 | |
| 2018-06-30 | 7,767.00 | 880.00 | 449.00 | |
| 2018-03-31 | 6,510.00 | 1,045.00 | 424.00 | |
| 2017-12-31 | 5,294.00 | 827.00 | 420.00 | |
| 2017-09-30 | 4,309.00 | 124.00 | 427.00 | |
| 2017-06-30 | 4,113.00 | 169.00 | 428.00 | |
| 2017-03-31 | 4,002.00 | -331.00 | 426.00 | |
| 2016-12-31 | 3,509.00 | -556.00 | 403.00 | |
| 2016-09-30 | 3,534.00 | -1,132.00 | 388.00 | |
| 2016-06-30 | 3,330.00 | -512.00 | 387.00 | |
| 2016-03-31 | 3,154.00 | -459.00 | 402.00 | |
| 2015-12-31 | 2,878.00 | -266.00 | 415.00 | |
| 2015-09-30 | 3,320.00 | 777.00 | 446.00 | |
| 2015-06-30 | 3,603.00 | 543.00 | 449.00 | |
| 2015-03-31 | 3,910.00 | 813.00 | 441.00 | |
| 2014-12-31 | 4,325.00 | 1,031.00 | 446.00 | |
| 2014-09-30 | 4,282.00 | -264.00 | 440.00 | |
| 2014-06-30 | 4,020.00 | -601.00 | 431.00 | |
| 2014-03-31 | 3,674.00 | -340.00 | 410.00 | |
| 2013-12-31 | 3,422.00 | -400.00 | 378.00 | |
| 2013-09-30 | 3,077.26 | 858.52 | 301.54 | |
| 2013-06-30 | 2,893.05 | 774.13 | 286.80 | |
| 2013-03-31 | 2,737.97 | 375.99 | 284.56 | |
| 2012-12-31 | 2,622.00 | 491.00 | 319.00 | |
| 2012-09-30 | 2,786.17 | -15.79 | 370.17 | |
| 2012-06-30 | 2,644.10 | 341.94 | 354.03 | |
| 2012-03-31 | 2,560.79 | 674.93 | 326.46 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Pioneer Natural Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Pioneer Natural Resources used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Pioneer Natural Resources has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Pioneer Natural Resources's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Pioneer Natural Resources has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Pioneer Natural Resources's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Pioneer Natural Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
- Pioneer Natural Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Pioneer Natural Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Pioneer Natural Resources Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 12,111.00 | 2,284.00 | 1,440.00 |
| 2018-09-30 | 11,894.00 | 2,286.00 | 1,476.00 |
| 2018-06-30 | 11,484.00 | 2,285.00 | 1,183.00 |
| 2018-03-31 | 11,402.00 | 2,733.00 | 1,723.00 |
| 2017-12-31 | 11,279.00 | 2,732.00 | 2,114.00 |
| 2017-09-30 | 10,597.00 | 2,731.00 | 1,998.00 |
| 2017-06-30 | 10,602.00 | 2,730.00 | 2,204.00 |
| 2017-03-31 | 10,348.00 | 2,729.00 | 2,215.00 |
| 2016-12-31 | 10,411.00 | 3,213.00 | 2,565.00 |
| 2016-09-30 | 10,431.00 | 3,219.00 | 2,624.00 |
| 2016-06-30 | 10,386.00 | 3,673.00 | 3,298.00 |
| 2016-03-31 | 9,695.00 | 3,662.00 | 2,505.00 |
| 2015-12-31 | 8,375.00 | 3,655.00 | 1,391.00 |
| 2015-09-30 | 8,981.00 | 2,677.00 | 581.00 |
| 2015-06-30 | 8,308.00 | 2,672.00 | 219.00 |
| 2015-03-31 | 8,499.00 | 2,681.00 | 383.00 |
| 2014-12-31 | 8,589.00 | 2,651.00 | 1,025.00 |
| 2014-09-30 | 7,153.00 | 2,662.00 | 550.00 |
| 2014-06-30 | 6,750.00 | 2,659.00 | 445.00 |
| 2014-03-31 | 6,724.00 | 2,710.00 | 267.00 |
| 2013-12-31 | 6,615.00 | 2,663.00 | 403.00 |
| 2013-09-30 | 7,762.75 | 2,854.34 | 753.46 |
| 2013-06-30 | 7,648.16 | 2,823.43 | 695.63 |
| 2013-03-31 | 7,266.07 | 3,023.06 | 430.30 |
| 2012-12-31 | 5,867.31 | 3,730.92 | 229.40 |
| 2012-09-30 | 5,800.11 | 3,562.07 | 333.89 |
| 2012-06-30 | 5,756.98 | 3,285.50 | 317.77 |
| 2012-03-31 | 5,832.67 | 2,632.65 | 316.92 |
- Pioneer Natural Resources's level of debt (18.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (40.3% vs 18.9% today).
- Debt is well covered by operating cash flow (141.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 19.8x coverage).
Financial health checks
We assess Pioneer Natural Resources's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Pioneer Natural Resources has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Pioneer Natural Resources's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Pioneer Natural Resources
shares you are expected to receive
$9
in your first year as a dividend.
Dividend Amount
- Pioneer Natural Resources's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Pioneer Natural Resources's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 61 Stocks | 3.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.56 | 4.00 |
| 2020-12-31 | 0.44 | 8.00 |
| 2019-12-31 | 0.64 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 0.640 | 0.442 |
| 2018-08-30 | 0.320 | 0.211 |
| 2018-08-09 | 0.320 | 0.181 |
| 2018-08-07 | 0.320 | 0.171 |
| 2018-02-06 | 0.320 | 0.174 |
| 2017-08-24 | 0.080 | 0.052 |
| 2017-08-01 | 0.080 | 0.059 |
| 2017-02-28 | 0.080 | 0.047 |
| 2017-02-17 | 0.080 | 0.043 |
| 2017-02-07 | 0.080 | 0.042 |
| 2016-08-25 | 0.080 | 0.044 |
| 2016-07-28 | 0.080 | 0.046 |
| 2016-07-27 | 0.080 | 0.052 |
| 2016-03-02 | 0.080 | 0.053 |
| 2016-02-19 | 0.080 | 0.065 |
| 2016-02-10 | 0.080 | 0.068 |
| 2015-08-27 | 0.080 | 0.063 |
| 2015-08-07 | 0.080 | 0.066 |
| 2015-08-04 | 0.080 | 0.064 |
| 2015-03-04 | 0.080 | 0.053 |
| 2015-02-19 | 0.080 | 0.051 |
| 2015-02-10 | 0.080 | 0.052 |
| 2014-08-20 | 0.080 | 0.048 |
| 2014-08-06 | 0.080 | 0.039 |
| 2014-08-04 | 0.080 | 0.038 |
| 2014-02-19 | 0.080 | 0.039 |
| 2014-02-10 | 0.080 | 0.043 |
| 2013-08-19 | 0.080 | 0.043 |
| 2013-08-06 | 0.080 | 0.046 |
| 2013-07-31 | 0.080 | 0.046 |
| 2013-02-21 | 0.080 | 0.060 |
| 2013-02-13 | 0.080 | 0.062 |
| 2012-08-23 | 0.080 | 0.075 |
| 2012-08-07 | 0.080 | 0.081 |
| 2012-07-31 | 0.080 | 0.085 |
| 2012-02-23 | 0.080 | 0.081 |
| 2012-02-06 | 0.080 | 0.072 |
| 2011-08-26 | 0.080 | 0.095 |
| 2011-08-05 | 0.080 | 0.106 |
| 2011-08-03 | 0.080 | 0.097 |
| 2011-02-17 | 0.080 | 0.085 |
| 2011-02-07 | 0.080 | 0.082 |
| 2010-08-30 | 0.080 | 0.104 |
| 2010-07-30 | 0.080 | 0.137 |
| 2010-07-28 | 0.080 | 0.137 |
| 2010-02-17 | 0.080 | 0.136 |
| 2010-02-02 | 0.080 | 0.173 |
| 2009-08-27 | 0.080 | 0.196 |
| 2009-03-05 | 0.200 | 0.869 |
| 2009-02-25 | 0.320 | 2.320 |
| 2009-02-19 | 0.320 | 2.175 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pioneer Natural Resources is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Pioneer Natural Resources is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Pioneer Natural Resources's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Pioneer Natural Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Pioneer Natural Resources has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $10,934,244 |
| AGE | 61 |
| TENURE AS CEO | 2.1 years |
CEO Bio
Mr. Timothy L. Dove, also known as Tim, has been the Chief Executive Officer of Pioneer Natural Resources Company since January 1, 2017 and has been its President since November 18, 2004. Mr. Dove serves as President and Chief Operating Officer at Pioneer Southwest Energy Partners L.P. He served as the Chief Operating Officer of Pioneer Natural Resources Company from November 18, 2004 to December 31, 2016. Mr. Dove served as the Chief Financial Officer, Executive Vice President and Assistant Secretary of Pioneer Natural Resources Co. from February 2000 to November 18, 2004. He served as Executive Vice President of Business Development at Pioneer Natural Resources Co. since August 1997. He joined Parker & Parsley in May 1994 as Vice President - International and was promoted to Senior Vice President - Business Development in October 1996, in which position he served until August 1997. Before joining Parker & Parsley, Mr. Dove was employed with Diamond Shamrock Corp., and its successor, Maxus Energy Corp., in various capacities in international exploration and production, marketing, refining and planning and development. He has been a Director of Pioneer Natural Resources Co. since May 2013. He is a Non-Public Company Board of Federal Reserve Bank of Dallas Energy Advisory Council; Massachusetts Institute of Technology Corporate Development Committee; Jesuit School of Dallas Foundation Board of Trustees. Mr. Dove earned a Bachelor of Science degree in Mechanical Engineering from Massachusetts Institute of Technology in 1979 and received his M.B.A. in 1981 from the University of Chicago.
CEO Compensation
- Timothy's compensation has increased by more than 20% in the past year.
- Timothy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Pioneer Natural Resources management team in years:
- The average tenure for the Pioneer Natural Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Timothy Dove
President
$11M
61
2.1 yrs
Richard Dealy
Executive VP & CFO
$4M
52
14.3 yrs
Chris Cheatwood
Executive VP & Chief Technology Officer
$3M
57
1.7 yrs
Mark Berg
Executive Vice President of Corporate/Vertically Integrated Operations
$3M
59
13.8 yrs
Joey Hall
Executive Vice President of Permian Operations
$4M
52
5.7 yrs
Margaret Montemayor
VP & Chief Accounting Officer
40
4.9 yrs
Stephanie Stewart
VP & Chief Information Officer
49
4.7 yrs
Larry Paulsen
Senior Vice President of Administration and Risk Management
5.1 yrs
Neal Shah
Vice President of Investor Relations
1.7 yrs
Mark Kleinman
Senior VP
56
5.1 yrs
Board of Directors Tenure
Average tenure and age of the Pioneer Natural Resources board of directors in years:
- The tenure for the Pioneer Natural Resources board of directors is about average.
Board of Directors
Scott Sheffield
Chairman of the Board
65
19.5 yrs
Timothy Dove
President
$11M
61
5.8 yrs
Edison Buchanan
Independent Director
$307K
63
17.1 yrs
Frank Risch
Independent Director
$303K
75
13.5 yrs
Ken Thompson
Lead Director
$307K
66
3.8 yrs
Stacy Methvin
Independent Director
$300K
61
5.6 yrs
Andrew Cates
Independent Director
$282K
47
9.7 yrs
Larry Grillot
Independent Director
$285K
71
5.6 yrs
Phoebe Wood
Independent Director
$284K
65
5.6 yrs
Phillip Gobe
Independent Director
$281K
65
4.6 yrs
Who owns this company?
Recent Insider Trading
- Pioneer Natural Resources insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28. Dec 18 | Buy | Andrew Cates | Individual | 26. Dec 18 | 27. Dec 18 | 790 | $126.63 | $98,175 | ||
| 20. Dec 18 | Sell | Timothy Dove | Individual | 18. Dec 18 | 19. Dec 18 | -4,800 | $136.50 | $-644,080 | ||
| 30. May 18 | Sell | Larry Grillot | Individual | 29. May 18 | 29. May 18 | -200 | $191.13 | $-38,226 | ||
| 21. May 18 | Sell | Scott Sheffield | Individual | 17. May 18 | 21. May 18 | -20,000 | $212.63 | $-4,223,100 | ||
| 21. May 18 | Sell | Timothy Dove | Individual | 18. May 18 | 18. May 18 | -2,178 | $212.44 | $-462,694 | ||
| 21. May 18 | Sell | Mark Kleinman | Individual | 18. May 18 | 18. May 18 | -1,025 | $210.02 | $-215,269 | ||
| 21. May 18 | Sell | James Thompson | Individual | 21. May 18 | 21. May 18 | -1,000 | $212.17 | $-212,170 | ||
| 21. May 18 | Sell | Chris Cheatwood | Individual | 17. May 18 | 17. May 18 | -4,171 | $212.31 | $-885,545 | ||
| 21. May 18 | Sell | Mark Berg | Individual | 17. May 18 | 17. May 18 | -2,500 | $212.32 | $-530,793 | ||
| 18. May 18 | Sell | Frank Hopkins | Individual | 16. May 18 | 16. May 18 | -893 | $206.61 | $-184,504 | ||
| 17. May 18 | Sell | Jerome Hall | Individual | 16. May 18 | 16. May 18 | -2,000 | $206.73 | $-413,452 | ||
| 17. May 18 | Sell | Timothy Dove | Individual | 15. May 18 | 15. May 18 | -5,000 | $202.25 | $-1,011,250 | ||
| 14. May 18 | Sell | Scott Sheffield | Individual | 10. May 18 | 11. May 18 | -40,000 | $203.51 | $-8,099,456 | ||
| 14. May 18 | Sell | William Hannes | Individual | 10. May 18 | 10. May 18 | -10,000 | $203.00 | $-2,030,000 | ||
| 14. May 18 | Sell | Kenneth Sheffield | Individual | 11. May 18 | 11. May 18 | -5,000 | $203.19 | $-1,015,950 | ||
| 14. May 18 | Sell | Mark Berg | Individual | 11. May 18 | 11. May 18 | -2,000 | $201.95 | $-403,900 | ||
| 11. May 18 | Sell | Andrew Cates | Individual | 10. May 18 | 10. May 18 | -2,500 | $200.62 | $-501,550 | ||
| 11. May 18 | Sell | Chris Cheatwood | Individual | 09. May 18 | 09. May 18 | -5,184 | $203.54 | $-1,055,136 | ||
| 09. May 18 | Sell | Frank Risch | Individual | 09. May 18 | 09. May 18 | -1,000 | $202.16 | $-202,158 | ||
| 09. May 18 | Sell | Edison Buchanan | Individual | 09. May 18 | 09. May 18 | -2,693 | $203.04 | $-546,787 | ||
| 09. May 18 | Sell | Stephanie Stewart | Individual | 09. May 18 | 09. May 18 | -900 | $203.52 | $-183,168 | ||
| 09. May 18 | Sell | Frank Hopkins | Individual | 07. May 18 | 09. May 18 | -1,192 | $203.19 | $-238,327 | ||
| 22. Mar 18 | Sell | Chris Cheatwood | Individual | 21. Mar 18 | 21. Mar 18 | -9,513 | $175.93 | $-1,673,575 | ||
| 28. Feb 18 | Sell | Margaret Montemayor | Individual | 27. Feb 18 | 27. Feb 18 | -1,410 | $179.33 | $-252,855 | ||
| 28. Feb 18 | Sell | Mark Kleinman | Individual | 26. Feb 18 | 26. Feb 18 | -1,150 | $180.17 | $-207,196 | ||
| 26. Feb 18 | Sell | Teresa Fairbrook | Individual | 23. Feb 18 | 23. Feb 18 | -2,134 | $180.00 | $-384,120 | ||
| 26. Feb 18 | Sell | Scott Sheffield | Individual | 23. Feb 18 | 23. Feb 18 | -2,000 | $180.00 | $-360,000 | ||
| 26. Feb 18 | Sell | Stephanie Stewart | Individual | 22. Feb 18 | 22. Feb 18 | -1,100 | $177.84 | $-195,624 | ||
Management checks
We assess Pioneer Natural Resources's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Pioneer Natural Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Have Insiders Been Selling Pioneer Natural Resources Company (NYSE:PXD) Shares This Year?
So shareholders might well want to know whether insiders have been buying or selling shares in Pioneer Natural Resources Company (NYSE:PXD). … Pioneer Natural Resources Insider Transactions Over The Last Year … Over the last year, we can see that the biggest insider sale was by Chairman of the Board Scott Sheffield for US$8.1m worth of shares, at about US$204 per share
Simply Wall St - – Full articleEvaluating Pioneer Natural Resources Company’s (NYSE:PXD) Investments In Its Business
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleWhy Pioneer Natural Resources Company (NYSE:PXD) Is A Star In A Falling Market
This is the best time to buy stocks like Pioneer Natural Resources Company at a discount. … View our latest analysis for Pioneer Natural Resources? … Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States
Simply Wall St - – Full articleDoes Pioneer Natural Resources Company's (NYSE:PXD) Stock Price Account For Its Growth?
Pioneer Natural Resources Company (NYSE:PXD) closed yesterday at $130.51, which left some investors asking whether the high earnings potential can still be justified at this price. … See our latest analysis for Pioneer Natural Resources? … Pioneer Natural Resources is poised for significantly high earnings growth in the near future
Simply Wall St - – Full articleWhat Pioneer Natural Resources Company's (NYSE:PXD) ROE Can Tell Us
Pioneer Natural Resources has a ROE of 11%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhich Valuation Methods Best Conveys Pioneer Natural Resources Company's (NYSE:PXD) True Value?
With so many different financial models generating different conclusions, choosing the most relevant one to value a company can be daunting. … For example, my discounted cash flow (DCF) model tells me that Pioneer Natural Resources Company's (NYSE:PXD) is overvalued by 31.27%, but my relative valuation tells me it’s overvalued by 94.02%. … Which model do I listen to and more importantly why?
Simply Wall St - – Full articleWhat Do Analysts Think About The Future Of Pioneer Natural Resources Company's (NYSE:PXD)?
Looking at Pioneer Natural Resources Company's (NYSE:PXD) earnings update on 30 September 2018, … with earnings expected to grow by 35% in the upcoming year … the past 5-year average growth rate of 19%.
Simply Wall St - – Full articleHas Pioneer Natural Resources Company (NYSE:PXD) Got Enough Cash?
With a market capitalization of US$27.1b, Pioneer Natural Resources Company (NYSE:PXD) is a large-cap stock, which is considered by most investors as a safe bet. … Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. … View our latest analysis for Pioneer Natural Resources?
Simply Wall St - – Full articleHow Pioneer Natural Resources Company (NYSE:PXD) Could Add Value To Your Portfolio
I've been keeping an eye on Pioneer Natural Resources Company (NYSE:PXD) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe PXD has a lot to offer. … is a company with
Simply Wall St - – Full articleAre Pioneer Natural Resources Company's (NYSE:PXD) Interest Costs Too High?
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Pioneer Natural Resources Company (NYSE:PXD) a safer option. … I will provide an overview of Pioneer Natural Resources’s financial liquidity and leverage to give you an idea of Pioneer Natural Resources’s position to take advantage of potential acquisitions or comfortably endure future downturns … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself
Simply Wall St - – Full articleCompany Info
Map
Description
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, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle. As of December 31, 2017, the company had proved undeveloped reserves and proved developed reserves of approximately 45 million barrels of oil, 22 million barrels of NGLs, and 291 billion cubic feet of gas; and owned interests in 10 gas processing plants and 4 treating facilities. Pioneer Natural Resources Company is headquartered in Irving, Texas.
Details
| Name: | Pioneer Natural Resources Company |
| PXD | |
| Exchange: | NYSE |
| Founded: | |
| $24,776,664,636 | |
| 170,462,089 | |
| Website: | http://www.pxd.com |
| Address: |
Pioneer Natural Resources Company 5205 North O'Connor Boulevard, Suite 200, Irving, Texas, 75039, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | PXD | Common Stock | New York Stock Exchange | US | USD | 20. Feb 1991 | |
| DB | PNK | Common Stock | Deutsche Boerse AG | DE | EUR | 20. Feb 1991 | |
| LSE | 0KIX | Common Stock | London Stock Exchange | GB | USD | 20. Feb 1991 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 01:32 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/16 |
| Last earnings filing: | 2019/02/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
