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Pioneer Natural (PXD) Prices Offering of 3 Senior Notes
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Pioneer Natural Resources Company (PXD - Free Report) has announced the pricing of senior notes.
The company has priced $750.0 million notes that are expected to mature by Jan 15, 2024, and will carry an interest rate of 0.750%, at 99.959% of the principal amount. The upstream energy firm has priced another $750.0 million worth of notes that will carry an interest rate of 1.125% and will mature by Jan 15, 2026, at 99.981% of the principal amount. Pioneer Natural also said that it will price $1 billion notes, likely to carry an interest rate of 2.150% and mature by Jan 15, 2031, at 99.742% of the principal amount.
It is to be noted that net proceeds of $2.5 billion from the offering, likely to close on Jan 29, 2021, will get utilized by the independent oil and gas exploration and production company for refinancing some senior notes that are issued by Parsley Energy, LLC and some of the affiliates.
Headquartered in Dallas, TX, Pioneer Natural currently carries a Zacks Rank #3 (Hold). Meanwhile, some better-ranked players in the energy space include Summit Midstream Partners, LP (SMLP - Free Report) , DCP Midstream, LP and HighPoint Resources Corporation . While Summit Midstream carries a Zacks Rank #2 (Buy), DCP Midstream and HighPoint sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Summit Midstream has seen upward earnings estimate revisions for 2020 in the past seven days.
DCP Midstream has seen upward estimate revisions for 2020 earnings in the past 30 days.
HighPoint is likely to see earnings growth of 167.5% in 2020.
Zacks Names “Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Pioneer Natural (PXD) Prices Offering of 3 Senior Notes
Pioneer Natural Resources Company (PXD - Free Report) has announced the pricing of senior notes.
The company has priced $750.0 million notes that are expected to mature by Jan 15, 2024, and will carry an interest rate of 0.750%, at 99.959% of the principal amount. The upstream energy firm has priced another $750.0 million worth of notes that will carry an interest rate of 1.125% and will mature by Jan 15, 2026, at 99.981% of the principal amount. Pioneer Natural also said that it will price $1 billion notes, likely to carry an interest rate of 2.150% and mature by Jan 15, 2031, at 99.742% of the principal amount.
It is to be noted that net proceeds of $2.5 billion from the offering, likely to close on Jan 29, 2021, will get utilized by the independent oil and gas exploration and production company for refinancing some senior notes that are issued by Parsley Energy, LLC and some of the affiliates.
Pioneer Natural Resources Company Price
Pioneer Natural Resources Company price | Pioneer Natural Resources Company Quote
Headquartered in Dallas, TX, Pioneer Natural currently carries a Zacks Rank #3 (Hold). Meanwhile, some better-ranked players in the energy space include Summit Midstream Partners, LP (SMLP - Free Report) , DCP Midstream, LP and HighPoint Resources Corporation . While Summit Midstream carries a Zacks Rank #2 (Buy), DCP Midstream and HighPoint sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Summit Midstream has seen upward earnings estimate revisions for 2020 in the past seven days.
DCP Midstream has seen upward estimate revisions for 2020 earnings in the past 30 days.
HighPoint is likely to see earnings growth of 167.5% in 2020.
Zacks Names “Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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