Pioneer Natural Resources
Market Cap
US$15.2b
Last Updated
2020/07/13 06:42 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
Established dividend payer 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
Stable Share Price: PXD's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.4%
PXD
-4.4%
US Oil and Gas
2.3%
US Market
1 Year Return
-34.3%
PXD
-43.6%
US Oil and Gas
6.7%
US Market
Return vs Industry: PXD exceeded the US Oil and Gas industry which returned -43.6% over the past year.
Return vs Market: PXD underperformed the US Market which returned 6.7% over the past year.
Shareholder returns
| PXD | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.4% | -4.4% | 2.3% |
| 30 Day | -5.9% | -9.7% | 6.0% |
| 90 Day | 19.5% | 5.5% | 18.9% |
| 1 Year | -33.0%-34.3% | -41.0%-43.6% | 9.0%6.7% |
| 3 Year | -41.8%-43.2% | -35.4%-42.3% | 36.6%27.7% |
| 5 Year | -23.9%-25.8% | -38.5%-48.6% | 64.2%46.1% |
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
3 days ago | Simply Wall St
Should Pioneer Natural Resources Company (NYSE:PXD) Be Part Of Your Dividend Portfolio?2 weeks ago | Simply Wall St
Pioneer Natural Resources Company (NYSE:PXD) Will Pay A US$0.55 Dividend In Four Days1 month ago | Simply Wall St
Have Pioneer Natural Resources Company (NYSE:PXD) Insiders Been Selling Their Stock?Valuation
Is Pioneer Natural Resources undervalued compared to its fair value and its price relative to the market?
22.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PXD ($92.44) is trading above our estimate of fair value ($78)
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 (22.2x) compared to the US Oil and Gas industry average (8x).
PE vs Market: PXD is poor value based on its PE Ratio (22.2x) compared to the US market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: PXD is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: PXD is overvalued based on its PB Ratio (1.2x) compared to the US Oil and Gas industry average (0.7x).
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?
40.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PXD's forecast earnings growth (40.2% per year) is above the savings rate (2.2%).
Earnings vs Market: PXD's earnings (40.2% per year) are forecast to grow faster than the US market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PXD's revenue (4.7% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: PXD's revenue (4.7% 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 (10.5%).
Next Steps
Past Performance
How has Pioneer Natural Resources performed over the past 5 years?
31.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PXD has a large one-off loss of $1.1B impacting its March 31 2020 financial results.
Growing Profit Margin: PXD's current net profit margins (7.3%) are lower than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: PXD's earnings have grown significantly by 31.4% 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 (-39.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (-21.6%).
Return on Equity
High ROE: PXD's Return on Equity (5.7%) is considered low.
Next Steps
Financial Health
How is Pioneer Natural Resources's financial position?
Financial Position Analysis
Short Term Liabilities: PXD's short term assets ($2.1B) do not cover its short term liabilities ($2.1B).
Long Term Liabilities: PXD's short term assets ($2.1B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: PXD's debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: PXD's debt to equity ratio has reduced from 31.6% to 21.6% over the past 5 years.
Debt Coverage: PXD's debt is well covered by operating cash flow (126.4%).
Interest Coverage: PXD's interest payments on its debt are well covered by EBIT (19.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Pioneer Natural Resources's current dividend yield, its reliability and sustainability?
2.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PXD's dividend (2.38%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: PXD's dividend (2.38%) is low compared to the top 25% of dividend payers in the US market (4.6%).
Stability and Growth of Payments
Stable Dividend: PXD's dividends per share have been stable 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 (34.3%), 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 (38.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Scott Sheffield (67yo)
1.42yrs
Tenure
US$13,530,819
Compensation
Mr. Scott Douglas Sheffield, B.S. Petroleum Engineering, serves as the Chairman and Chief Executive Officer of Pioneer Southwest Energy Partners L.P. and Pioneer Natural Resources GP, LLC. Mr. Sheffield se ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD13.53M) is about average for companies of similar size in the US market ($USD11.50M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.42yrs | US$13.53m | 0.35% $53.6m | |
| Executive VP & CFO | 15.67yrs | US$4.51m | 0.14% $21.0m | |
| Executive Vice President of Operations | 1.25yrs | US$4.25m | 0.027% $4.2m | |
| Executive Vice President of Field Development & Emerging Technology | no data | US$3.45m | 0.026% $4.0m | |
| Executive Vice President of Corporate Operations | 15.25yrs | US$3.45m | 0.049% $7.5m | |
| VP & Chief Accounting Officer | 6.33yrs | no data | 0.0050% $757.4k | |
| VP & Chief Information Officer | 6.08yrs | no data | 0.0098% $1.5m | |
| Senior Vice President of Administration and Risk Management | 6.5yrs | no data | no data | |
| Vice President of Investor Relations | 3.08yrs | no data | 0.0080% $1.2m | |
| Executive VP & General Counsel | 6.5yrs | no data | 0.016% $2.5m | |
| Vice President of Communications & Government Relations | 5.83yrs | no data | no data | |
| Senior Vice President of Marketing | 8.08yrs | no data | no data |
6.3yrs
Average Tenure
54yo
Average Age
Experienced Management: PXD's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.42yrs | US$13.53m | 0.35% $53.6m | |
| Independent Chairman & Lead Independent Director | 1.42yrs | US$459.62k | 0.012% $1.8m | |
| Independent Director | 7yrs | US$306.14k | 0.0066% $1.0m | |
| Director | 6yrs | US$298.64k | 0.0073% $1.1m | |
| Independent Director | 14.92yrs | US$291.85k | 0.0084% $1.3m | |
| Independent Director | 5.08yrs | US$288.35k | 0.0062% $940.3k | |
| Independent Director | 18.5yrs | US$289.35k | 0.018% $2.8m | |
| Independent Director | 6yrs | US$298.64k | 0.0085% $1.3m | |
| Independent Director | 7yrs | US$302.14k | 0.0081% $1.2m | |
| Independent Director | 5.08yrs | US$286.85k | 0.0063% $957.1k | |
| Independent Director | 11.08yrs | US$289.35k | 0.012% $1.8m | |
| Independent Director | 7yrs | US$289.35k | 0.0074% $1.1m |
7.0yrs
Average Tenure
67yo
Average Age
Experienced Board: PXD's board of directors are considered experienced (7 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: 1997
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$15.240b
- Shares outstanding: 164.86m
- Website: https://www.pxd.com
Number of Employees
Location
- Pioneer Natural Resources Company
- 777 Hidden Ridge
- 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, 2019, the company had proved undeveloped reserves and proved developed non-producing reserves of 39 million barrels of oil, 16 million barrels of NGLs, and 83 billion cubic feet of gas; and owned interests in 11 gas processing plants. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/13 06:42 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2020/03/31 |
| 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.