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PXD

Pioneer Natural ResourcesNYSE:PXD Stock Report

Market Cap

US$41.0b

7D

12.5%

1Y

90.3%

Updated

27 Sep, 2021

Data

Company Financials +
PXD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends4/6

PXD Overview

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

Pioneer Natural Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pioneer Natural Resources
Historical stock prices
Current Share PriceUS$168.02
52 Week HighUS$76.58
52 Week LowUS$175.37
Beta1.94
1 Month Change10.78%
3 Month Change5.90%
1 Year Change90.26%
3 Year Change-5.72%
5 Year Change-9.37%
Change since IPO1,741.32%

Recent News & Updates

Sep 27

Pioneer Natural Resources: Take The Money And Run

Pioneer monetizes some Permian acreage that doesn't fit into its development plans. We compare prices for acreage being discussed with other deals that have come down recently. We think there was a sound rationale for these decisions that support our contention that PXD is a top-notch company with more gains ahead of it. PXD should be considered by investors looking for growth and income.

Sep 19
Estimating The Fair Value Of Pioneer Natural Resources Company (NYSE:PXD)

Estimating The Fair Value Of Pioneer Natural Resources Company (NYSE:PXD)

Does the September share price for Pioneer Natural Resources Company ( NYSE:PXD ) reflect what it's really worth...

Shareholder Returns

PXDUS Oil and GasUS Market
7D12.5%11.1%2.0%
1Y90.3%75.0%32.8%

Return vs Industry: PXD exceeded the US Oil and Gas industry which returned 75% over the past year.

Return vs Market: PXD exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is PXD's price volatile compared to industry and market?
PXD volatility
PXD Beta1.94
Industry Beta1.83
Market Beta1

Stable Share Price: PXD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PXD's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19971,853Scott Sheffieldhttps://www.pxd.com

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 in the Permian Basin in West Texas.

Pioneer Natural Resources Fundamentals Summary

How do Pioneer Natural Resources's earnings and revenue compare to its market cap?
PXD fundamental statistics
Market CapUS$40.99b
Earnings (TTM)US$267.00m
Revenue (TTM)US$11.21b

153.5x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PXD income statement (TTM)
RevenueUS$11.21b
Cost of RevenueUS$6.21b
Gross ProfitUS$5.00b
ExpensesUS$4.73b
EarningsUS$267.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.09
Gross Margin44.59%
Net Profit Margin2.38%
Debt/Equity Ratio30.6%

How did PXD perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

161%

Payout Ratio

Does PXD pay a reliable dividends?

See PXD dividend history and benchmarks
When do you need to buy PXD by to receive an upcoming dividend?
Pioneer Natural Resources dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateOct 14 2021
Days until Ex dividend0 days
Days until Dividend pay date15 days

Does PXD pay a reliable dividends?

See PXD dividend history and benchmarks

Valuation

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

3.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PXD ($168.02) is trading below our estimate of fair value ($174.64)

Significantly Below Fair Value: PXD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PXD is poor value based on its PE Ratio (153.5x) compared to the US Oil and Gas industry average (19.6x).

PE vs Market: PXD is poor value based on its PE Ratio (153.5x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: PXD is poor value based on its PEG Ratio (8.7x)


Price to Book Ratio

PB vs Industry: PXD is good value based on its PB Ratio (1.8x) compared to the US Oil and Gas industry average (2x).


Future Growth

How is Pioneer Natural Resources forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

17.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PXD's forecast earnings growth (17.7% per year) is above the savings rate (2%).

Earnings vs Market: PXD's earnings (17.7% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: PXD's earnings are forecast to grow, but not significantly.

Revenue vs Market: PXD's revenue (9.3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: PXD's revenue (9.3% 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 high in 3 years time (23.7%)


Past Performance

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

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXD has a large one-off loss of $259.0M impacting its June 30 2021 financial results.

Growing Profit Margin: PXD's current net profit margins (2.4%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: PXD has become profitable over the past 5 years, growing earnings by 17.9% per year.

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 (-38.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-19.4%).


Return on Equity

High ROE: PXD's Return on Equity (1.2%) is considered low.


Financial Health

How is Pioneer Natural Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PXD's short term assets ($2.4B) do not cover its short term liabilities ($4.3B).

Long Term Liabilities: PXD's short term assets ($2.4B) do not cover its long term liabilities ($9.9B).


Debt to Equity History and Analysis

Debt Level: PXD's debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: PXD's debt to equity ratio has reduced from 35.3% to 30.6% over the past 5 years.

Debt Coverage: PXD's debt is well covered by operating cash flow (40%).

Interest Coverage: PXD's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Dividend

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

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PXD's dividend (1.33%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: PXD's dividend (1.33%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 high payout ratio (160.9%), PXD's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PXD's dividends in 3 years are forecast to be thoroughly covered by earnings (12.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure


CEO

Scott Sheffield (68 yo)

2.58yrs

Tenure

US$13,396,571

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 ($USD13.40M) is about average for companies of similar size in the US market ($USD11.29M).

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


Leadership Team

Experienced Management: PXD's management team is seasoned and experienced (7.1 years average tenure).


Board Members

Experienced Board: PXD's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.5%.


Top Shareholders

Company Information

Pioneer Natural Resources Company's 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$40.990b
  • Shares outstanding: 243.96m
  • Website: https://www.pxd.com

Number of Employees


Location

  • Pioneer Natural Resources Company
  • 777 Hidden Ridge
  • Irving
  • Texas
  • 75039
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:56
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.