Pioneer Natural Resources closed the most recent trading day at $256.88, moving +0.07% from the previous trading session. The stock outpaced the S&P 500's daily loss of 2.8%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the independent oil and gas company had gained 9.69% over the past month. This has outpaced the Oils-Energy sector's gain of 1.49% and the S&P 500's loss of 4.08% in that time.
Pioneer Natural Resources will be looking to display strength as it nears its next earnings release. In that report, analysts expect Pioneer Natural Resources to post earnings of $8.13 per share. This would mark year-over-year growth of 96.85%. Our most recent consensus estimate is calling for quarterly revenue of $6.67 billion, up 49.44% from the year-ago period.
PXD's full-year Zacks Consensus Estimates are calling for earnings of $32.75 per share and revenue of $26.45 billion. These results would represent year-over-year changes of +146.98% and +80.65%, respectively.
Investors should also note any recent changes to analyst estimates for Pioneer Natural Resources. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.96% lower within the past month. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Pioneer Natural Resources is holding a Forward P/E ratio of 7.84. For comparison, its industry has an average Forward P/E of 4.93, which means Pioneer Natural Resources is trading at a premium to the group.
It is also worth noting that PXD currently has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.24 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Pioneer Natural Resources (PXD) Gains As Market Dips: What You Should Know
Pioneer Natural Resources closed the most recent trading day at $256.88, moving +0.07% from the previous trading session. The stock outpaced the S&P 500's daily loss of 2.8%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the independent oil and gas company had gained 9.69% over the past month. This has outpaced the Oils-Energy sector's gain of 1.49% and the S&P 500's loss of 4.08% in that time.
Pioneer Natural Resources will be looking to display strength as it nears its next earnings release. In that report, analysts expect Pioneer Natural Resources to post earnings of $8.13 per share. This would mark year-over-year growth of 96.85%. Our most recent consensus estimate is calling for quarterly revenue of $6.67 billion, up 49.44% from the year-ago period.
PXD's full-year Zacks Consensus Estimates are calling for earnings of $32.75 per share and revenue of $26.45 billion. These results would represent year-over-year changes of +146.98% and +80.65%, respectively.
Investors should also note any recent changes to analyst estimates for Pioneer Natural Resources. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.96% lower within the past month. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Pioneer Natural Resources is holding a Forward P/E ratio of 7.84. For comparison, its industry has an average Forward P/E of 4.93, which means Pioneer Natural Resources is trading at a premium to the group.
It is also worth noting that PXD currently has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.24 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.