Can Pioneer Natural Resources Co Turn Around Friday? Traders Weigh In

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Pioneer Natural Resources ($NYSE:PXD) Co is a Dallas-based energy exploration and production company, primarily active in the Permian Basin in West Texas and the Eagle Ford Shale in South Texas. With the oil and gas industry currently facing a period of volatility after the collapse of crude prices due to the global pandemic and economic downturn, traders are now wondering if Pioneer Natural Resources Co can turn around on Friday and rebound from its current market position. Are investors optimistic that Pioneer Natural Resources Co can make a comeback? Investors have been keeping a close eye on the company’s stock, which has dropped significantly in the last year. A number of analysts have suggested that Pioneer Natural Resources Co could benefit from an increase in oil prices due to increased demand in the market. They are also optimistic that Pioneer Natural Resources Co will be able to capitalize on their investments in technology, which could help offset some of the negative impacts of the current market conditions.

However, there are still many uncertainties that could influence the stock price. It will be interesting to see how the company fares over the next few weeks as traders assess their outlook on the company’s stock.

Market Price

On Tuesday, Pioneer Natural Resources Co saw an uptick in its stock market trading, with the stock opening at $227.0 and closing at $230.3, representing a 2.4% gain from its last closing price of 224.9. This prompted traders to consider whether the company can turn around Friday and continue its upward momentum. Pioneer Natural Resources Co is an independent oil and gas exploration and production company, focusing on the development and exploitation of onshore unconventional oil and gas resources in the United States. Given the current conditions of the oil and gas industry, many traders are monitoring the company’s performance closely in order to determine if it is a sound investment.

While the recent stock market surge is certainly encouraging, traders remain cautious as they wait to see if Pioneer Natural Resources Co can sustain its momentum over the long term. With the future of energy production still uncertain, it is important to keep a close watch on the company’s performance in order to make informed investment decisions. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for PXD. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for PXD. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for PXD. More…

Key Ratios Snapshot

Some of the financial key ratios for PXD are shown below. More…

Analysis

At GoodWhale, we believe that analyzing fundamentals is essential to making an informed investing decision. After examining PIONEER NATURAL RESOURCES’s financials, we have identified it as a ‘rhino’ — a company with moderate revenue and/or earnings growth. Looking closer, our Star Chart analysis gives PIONEER NATURAL RESOURCES a health score of 8/10, indicating that it is in a strong position to weather any crisis without the risk of bankruptcy. This makes it an attractive option for a number of investors, such as those who prioritize asset strength, dividend payments, and long-term growth potential. 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 (PXD) is a Texas-based oil and gas exploration and production company. Analysts are optimistic that the company may be able to turn the tide on Friday, following a weak performance in the stock market this week. Analysts suggest that PXD may benefit from its large acreage in the Permian Basin and its track record of strong returns. They believe that PXD may have a relatively low cost of production when compared to its peers, as well as an established trading track record.

Investment analysts indicate that the stock could be a good buy right now due to its solid fundamentals, as well as its potential upside. With crude prices on the rise, investors should be watching PXD closely for any signs of a turnaround.