PXD Intrinsic Value – Pioneer Natural Resources Reports Production Impact of Winter Storm Elliott in the Permian Basin
January 30, 2023
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PXD Intrinsic Value – Pioneer Natural Resources ($NYSE:PXD) is an independent oil and gas company based in Irving, Texas. It is one of the largest producers of oil and natural gas in the Permian Basin. The company produces oil, natural gas and condensate from its assets, which are located in the United States, Mexico, and Egypt. This is due to a combination of shut-ins, reduced pumping capacity, and power outages. The estimated impact on the fourth quarter production is due to outages during the storm and expected reduced production until the full effect of the storm is mitigated. The company’s operations in the Permian Basin are primarily located in Reeves, Loving and Ward counties. These counties experienced record snowfall and winter storms at the end of February, resulting in power outages and disruptions to oil and gas operations. The company has taken steps to ensure the safety of its personnel and operations, including shutting-in wells and reducing pumping capacity.
In addition, Pioneer Natural Resources has taken steps to reduce the impact of the storm on its production by working with local energy providers to restore power to its operations and resume production as quickly as possible. Pioneer Natural Resources is confident that it will be able to quickly recover from this unplanned event and resume normal operations. The company is monitoring the situation closely and taking all necessary steps to mitigate the effects of the storm and ensure safe operations.
Market Price
The storm caused an overall decrease in production of about 8 MBoe/d, with a majority of the loss coming from the Midland Basin. Despite the production loss, the media sentiment surrounding the company is mostly positive. On Thursday, PIONEER NATURAL RESOURCES stock opened at $239.5 and closed at $237.0, up by 0.3% from last closing price of 236.2. This is a sign that investors have faith in the company’s ability to rebound from the storm, and restore production to its previous levels. PIONEER NATURAL RESOURCES has been able to remain resilient despite the storm, and is committed to supporting their partners and communities affected by the storm.
The company has already begun making plans to repair any damage done to their facilities, and will continue to work diligently to restore production in the Permian Basin. Overall, PIONEER NATURAL RESOURCES has proven itself to be a reliable energy resource provider even in times of natural disaster. As the company continues to move forward, investors remain optimistic that the company will be able to restore production quickly and efficiently. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PXD. More…
| Total Revenues | Net Income | Net Margin |
| 24.79k | 7.12k | 33.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PXD. More…
| Operations | Investing | Financing |
| 10.98k | -755 | -9.53k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PXD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 35.75k | 12.8k | 96.53 |
Key Ratios Snapshot
Some of the financial key ratios for PXD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.0% | 96.9% | 37.1% |
| FCF Margin | ROE | ROA |
| 29.0% | 24.6% | 16.1% |
VI Analysis – PXD Intrinsic Value
PIONEER NATURAL RESOURCES is a company which has strong fundamentals that reflect its long-term potential. To get a better understanding of the company’s worth, investors can use the ValuEngine (VI) app to make an analysis. Currently, the stock is trading at $237.0, which is a fair price that is overvalued by 1%. It is important to note that the fair value of the stock is an estimate and may not be an exact reflection of the true value of the company. It is also important to consider factors such as market conditions and company performance when evaluating a stock’s potential. Overall, PIONEER NATURAL RESOURCES is a company with solid fundamentals that makes it an attractive investment opportunity. With the help of the VI app, investors can gain insight into the company’s fair value and make their own informed decisions about their investments. More…
VI Peers
Pioneer Natural Resources Co is an oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia. The Company’s competitors include APA Corp, Continental Resources Inc, Murphy Oil Corp.
– APA Corp ($NASDAQ:APA)
Founded in 1892, APA Corporation is one of the largest publicly traded oil and gas exploration and production companies in the United States. The company has a market capitalization of $13.68 billion and a return on equity of 1079.73%. APA Corporation is engaged in the exploration, development, and production of natural gas and crude oil. The company operates in the Anadarko Basin, Permian Basin, and Gulf Coast regions of the United States.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources is an American petroleum and natural gas exploration and production company with operations in the Bakken formation in North Dakota and Montana. The company is headquartered in Oklahoma City, Oklahoma. As of December 31, 2020, the company had 1,965 million barrels of oil equivalent of proved reserves, of which 68% was petroleum, 29% was natural gas, and 3% was natural gas liquids. Production averaged 467,000 barrels of oil equivalent per day in 2020.
– Murphy Oil Corp ($NYSE:MUR)
Murphy Oil Corporation is an American oil and gas company headquartered in Houston, Texas. The company was founded in 1950 and is engaged in the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation operates in three segments: Exploration and Production, Refining and Marketing, and Corporate. The Exploration and Production segment explores for, develops, and produces crude oil and natural gas. The Refining and Marketing segment refines crude oil into finished petroleum products and markets these products in the United States and international markets. The Corporate segment includes the company’s central administrative functions.
Summary
Pioneer Natural Resources recently reported the production impact of Winter Storm Elliott in the Permian Basin. Overall, the company has experienced a decline in oil production due to the storm, although it is expecting to recover in the coming weeks. Despite this setback, investor sentiment for Pioneer Natural Resources remains positive. Investors are encouraged by the company’s strong balance sheet and its ability to effectively manage its operations.
Furthermore, Pioneer Natural Resources has made significant investments in its infrastructure and technology, which have enabled it to remain competitive in an increasingly challenging industry. As such, investors remain confident that the company can weather any near-term setbacks and continue to benefit from its long-term growth prospects.
