Pioneer Natural Resources Co. Stock Dips Tuesday, Lags Behind Market Performance
December 14, 2023
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On Tuesday, Pioneer Natural Resources ($NYSE:PXD) Co. stock experienced a significant dip, failing to match the market’s performance. Its operations span across the Permian Basin, Eagle Ford Shale, Raton Basin, and other areas of the United States as well as Argentina. The company is primarily involved in the discovery and development of oil, condensate, natural gas, and natural gas liquids. Pioneer Natural Resources has experienced a volatile stock price lately due to the decline in oil prices, which has impacted its exploration and production business.
The company’s Tuesday stock performance further reflects investor sentiment about the uncertainty in the energy sector. Nonetheless, as one of the most successful independent oil and gas exploration and production companies in the world, Pioneer Natural Resources is well-positioned to take advantage of any potential market conditions that could result in an improvement in the energy sector.
Price History
Despite the dip, however, Pioneer stock still traded higher than its opening price of $219.9 in the morning. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PXD. More…
| Total Revenues | Net Income | Net Margin |
| 19.47k | 5.09k | 27.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PXD. More…
| Operations | Investing | Financing |
| 8.7k | -4.21k | -5.71k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PXD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 36.36k | 13.64k | 97.38 |
Key Ratios Snapshot
Some of the financial key ratios for PXD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.5% | 114.9% | 34.2% |
| FCF Margin | ROE | ROA |
| 21.3% | 18.6% | 11.4% |
Analysis
At GoodWhale, we carefully analyze the fundamentals of PIONEER NATURAL RESOURCES. Our Star Chart shows that this company is strong in asset, dividend, growth, and medium in profitability. Furthermore, the company has a high health score of 8/10 with regard to its cashflows and debt, suggesting it is capable to pay off debt and fund future operations. We also classify PIONEER NATURAL RESOURCES as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Investors who are looking for moderate returns from a company with strong balance sheet and no major liabilities may be interested in investing in PIONEER NATURAL RESOURCES. More…
Peers
Pioneer Natural Resources Co is an oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia. The Company’s competitors include APA Corp, Continental Resources Inc, Murphy Oil Corp.
– APA Corp ($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 Co. stock (NYSE: PXD) fell on Tuesday, lagging the broader market. Moving forward, investors should monitor the company’s financials closely to determine if the recent downturn is an opportunity to buy or a sign of further weakness ahead.
