The stock price of Pioneer Natural Resources Co. (NYSE: PXD) has jumped by 1.12 compared to previous close of 272.28. Despite this, the company has seen a gain of 2.07% in its stock price over the last five trading days. The Motley Fool reported 2024-04-07 that Oil prices have been rising amid OPEC+ cuts and geopolitical tensions. Exxon discovered new oil off the coast of Guyana and is close to acquiring Pioneer.
Is It Worth Investing in Pioneer Natural Resources Co. (NYSE: PXD) Right Now?
Pioneer Natural Resources Co. (NYSE: PXD) has a price-to-earnings ratio of 13.61x that is above its average ratio. Additionally, the 36-month beta value for PXD is 1.31. There are mixed opinions on the stock, with 24 analysts rating it as a “buy,” 11 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for PXD is 231.99M and currently, short sellers hold a 2.74% ratio of that float. The average trading volume of PXD on April 11, 2024 was 2.06M shares.
PXD’s Market Performance
PXD’s stock has seen a 2.07% increase for the week, with a 12.54% rise in the past month and a 24.08% gain in the past quarter. The volatility ratio for the week is 1.31%, and the volatility levels for the past 30 days are at 1.34% for Pioneer Natural Resources Co. The simple moving average for the past 20 days is 6.16% for PXD’s stock, with a 19.55% simple moving average for the past 200 days.
Analysts’ Opinion of PXD
Bernstein, on the other hand, stated in their research note that they expect to see PXD reach a price target of $246, previously predicting the price at $273. The rating they have provided for PXD stocks is “Mkt Perform” according to the report published on October 17th, 2023.
PXD Trading at 13.40% from the 50-Day Moving Average
After a stumble in the market that brought PXD to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.24% of gains for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +13.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.49% upper at present.
During the last 5 trading sessions, PXD rose by +2.07%, which changed the moving average for the period of 200-days by +38.59% in comparison to the 20-day moving average, which settled at $260.94. In addition, Pioneer Natural Resources Co. saw 23.12% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PXD starting from GOBE PHILLIP A, who sale 2,000 shares at the price of $261.12 back on Mar 28 ’24. After this action, GOBE PHILLIP A now owns 11,132 shares of Pioneer Natural Resources Co., valued at $522,242 using the latest closing price.
Washburn Christopher L, the VP & CAO of Pioneer Natural Resources Co., sale 1,416 shares at $260.95 during a trade that took place back on Mar 28 ’24, which means that Washburn Christopher L is holding 4,990 shares at $369,512 based on the most recent closing price.
Stock Fundamentals for PXD
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.37 for the gross margin
The net margin for Pioneer Natural Resources Co. stands at 0.25. The total capital return value is set at 0.08. Equity return is now at value 21.36, with 13.27 for asset returns.
Based on Pioneer Natural Resources Co. (PXD), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.61. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 14.86.
Currently, EBITDA for the company is 9.36 billion with net debt to EBITDA at 0.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.58. The receivables turnover for the company is 12.18for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
In conclusion, Pioneer Natural Resources Co. (PXD) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
