Pioneer Natural Resources Company

NYSE:PXD Stock Report

Market Cap: US$63.3b

Pioneer Natural Resources Valuation

Is PXD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PXD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PXD ($270.8) is trading above our estimate of fair value ($237.93)

Significantly Below Fair Value: PXD is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for PXD?

Other financial metrics that can be useful for relative valuation.

PXD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.5x
Enterprise Value/EBITDA7.4x
PEG Ratio16.8x

Price to Earnings Ratio vs Peers

How does PXD's PE Ratio compare to its peers?

The above table shows the PE ratio for PXD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
EOG EOG Resources
10.2x-4.7%US$77.8b
HES Hess
34x19.2%US$47.0b
FANG Diamondback Energy
11.8x13.7%US$36.8b
DVN Devon Energy
9x-4.0%US$33.9b
PXD Pioneer Natural Resources
13x0.8%US$63.3b

Price-To-Earnings vs Peers: PXD is good value based on its Price-To-Earnings Ratio (13x) compared to the peer average (16.3x).


Price to Earnings Ratio vs Industry

How does PXD's PE Ratio compare vs other companies in the US Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PXD is expensive based on its Price-To-Earnings Ratio (13x) compared to the US Oil and Gas industry average (10.1x).


Price to Earnings Ratio vs Fair Ratio

What is PXD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PXD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: PXD is good value based on its Price-To-Earnings Ratio (13x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PXD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$270.80
US$261.90
-3.3%
8.0%US$309.00US$237.00n/a23
Apr ’25US$263.96
US$254.59
-3.5%
7.4%US$306.00US$230.00n/a23
Mar ’25US$237.27
US$252.71
+6.5%
7.6%US$306.00US$220.00n/a22
Feb ’25US$228.55
US$250.37
+9.5%
7.9%US$306.00US$220.00n/a23
Jan ’25US$224.88
US$254.40
+13.1%
7.8%US$306.00US$220.00n/a24
Dec ’24US$232.15
US$257.60
+11.0%
7.2%US$306.00US$230.00n/a24
Nov ’24US$237.87
US$259.52
+9.1%
7.8%US$306.00US$210.00n/a24
Oct ’24US$229.55
US$259.91
+13.2%
9.2%US$332.00US$203.00n/a29
Sep ’24US$241.66
US$257.26
+6.5%
9.4%US$332.00US$203.00n/a29
Aug ’24US$224.68
US$246.55
+9.7%
10.4%US$311.00US$189.00n/a29
Jul ’24US$207.18
US$249.69
+20.5%
9.9%US$315.00US$189.00n/a29
Jun ’24US$200.80
US$250.79
+24.9%
9.9%US$319.00US$189.00n/a29
May ’24US$216.99
US$250.92
+15.6%
10.6%US$319.00US$181.00n/a30
Apr ’24US$204.24
US$254.22
+24.5%
14.5%US$380.00US$181.00US$263.9630
Mar ’24US$205.43
US$263.62
+28.3%
13.5%US$380.00US$205.00US$237.2730
Feb ’24US$223.96
US$273.15
+22.0%
12.4%US$380.00US$205.00US$228.5532
Jan ’24US$228.39
US$281.30
+23.2%
11.8%US$380.00US$205.00US$224.8833
Dec ’23US$239.07
US$284.24
+18.9%
11.4%US$380.00US$205.00US$232.1533
Nov ’23US$252.93
US$283.78
+12.2%
11.6%US$380.00US$205.00US$237.8733
Oct ’23US$216.53
US$283.75
+31.0%
10.1%US$337.00US$203.00US$229.5532
Sep ’23US$247.80
US$288.03
+16.2%
12.7%US$422.00US$203.00US$241.6631
Aug ’23US$228.10
US$290.40
+27.3%
10.7%US$350.00US$206.00US$224.6830
Jul ’23US$223.94
US$300.50
+34.2%
12.2%US$375.00US$206.00US$207.1830
Jun ’23US$277.82
US$298.20
+7.3%
12.0%US$375.00US$206.00US$200.8030
May ’23US$232.47
US$294.40
+26.6%
12.8%US$400.00US$221.00US$216.9930
Apr ’23US$253.15
US$272.35
+7.6%
11.3%US$342.00US$213.00US$204.2431

Analyst Forecast: Target price is lower than the current share price.


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