Pioneer Natural Resources closed the most recent trading day at $227.13, moving +1.83% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.17%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 2.45%.
Heading into today, shares of the independent oil and gas company had lost 2.76% over the past month, outpacing the Oils-Energy sector's loss of 6.76% and the S&P 500's loss of 5.25% in that time.
Investors will be hoping for strength from Pioneer Natural Resources as it approaches its next earnings release. In that report, analysts expect Pioneer Natural Resources to post earnings of $6.54 per share. This would mark year-over-year growth of 42.79%. Meanwhile, our latest consensus estimate is calling for revenue of $5.89 billion, up 36.5% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Pioneer Natural Resources. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.32% lower. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Pioneer Natural Resources is currently trading at a Forward P/E ratio of 8.61. This represents a premium compared to its industry's average Forward P/E of 4.54.
Also, we should mention that PXD has a PEG ratio of 1.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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 $227.13, moving +1.83% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.17%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 2.45%.
Heading into today, shares of the independent oil and gas company had lost 2.76% over the past month, outpacing the Oils-Energy sector's loss of 6.76% and the S&P 500's loss of 5.25% in that time.
Investors will be hoping for strength from Pioneer Natural Resources as it approaches its next earnings release. In that report, analysts expect Pioneer Natural Resources to post earnings of $6.54 per share. This would mark year-over-year growth of 42.79%. Meanwhile, our latest consensus estimate is calling for revenue of $5.89 billion, up 36.5% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Pioneer Natural Resources. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.32% lower. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Pioneer Natural Resources is currently trading at a Forward P/E ratio of 8.61. This represents a premium compared to its industry's average Forward P/E of 4.54.
Also, we should mention that PXD has a PEG ratio of 1.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.