Pioneer Natural Resources Co. stock outperforms market on Thursday
October 9, 2022
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PXD Intrinsic Value – Pioneer Natural Resources ($NYSE:PXD) Co. stock rose on Thursday, outperforming the market. Pioneer Natural Resources is an oil and gas exploration and production company with operations in the United States, Canada, and South Africa.
Stock Price
On Friday, the stock opened at $257.7 and closed at $256.9, up 0.1% from the previous closing price of $256.7. Pioneer Natural Resources is a leading independent oil and gas producer in the United States, with operations focused in large, high-growth unconventional plays in the Permian Basin and Eagle Ford Shale. The company is one of the largest producers of oil and natural gas in the Permian Basin, and its operations in the Eagle Ford Shale rank it among the top five producers in that play. Pioneer’s strong performance on Thursday can be attributed to the company’s strong operational execution and its good prospects for growth.
Pioneer has consistently delivered strong production growth and is well-positioned to continue growing at a rapid pace. The company’s shares are attractively valued, making it a good choice for investors looking for exposure to the oil and gas sector.
VI Analysis – PXD Intrinsic Value Calculator
Pioneer Natural Resources is an American oil and gas exploration and production company with operations in the United States, Canada, and South Africa. The company’s fundamentals reflect its long-term potential. The company’s production has been growing steadily, and its reserves are among the largest in the United States.
The fair value of Pioneer Natural Resources shares is around $222.7, according to the VI Line. The company’s stock is currently traded at $256.9, which is a fair price that is overvalued by 15%.
Summary
Pioneer Natural Resources stock outperformed the market Thursday on news that the company’s board of directors had approved a $2 billion share repurchase program. The company’s operations are focused in the Permian Basin of Texas, one of the most prolific oil-producing regions in the world. Pioneer has been a leader in the development of horizontal drilling and hydraulic fracturing techniques that have unlocked vast reserves of oil and gas that were previously inaccessible. The company has a proven track record of delivering shareholder value, and with the shares trading at a significant discount to their recent highs, now looks like an attractive time to invest.
