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Pioneer Natural Resources (PXD) Gains But Lags Market: What You Should Know

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In the latest trading session, Pioneer Natural Resources (PXD - Free Report) closed at $215.37, marking a +0.71% move from the previous day. The stock lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.

Prior to today's trading, shares of the independent oil and gas company had gained 17.97% over the past month. This has outpaced the Oils-Energy sector's gain of 9.72% and the S&P 500's loss of 9.65% in that time.

Pioneer Natural Resources will be looking to display strength as it nears its next earnings release, which is expected to be February 16, 2022. In that report, analysts expect Pioneer Natural Resources to post earnings of $4.33 per share. This would mark year-over-year growth of 304.67%. Our most recent consensus estimate is calling for quarterly revenue of $4.71 billion, up 153.82% from the year-ago period.

Investors might also notice recent changes to analyst estimates for Pioneer Natural Resources. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.94% higher within the past month. 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 9.55. Its industry sports an average Forward P/E of 5.62, so we one might conclude that Pioneer Natural Resources is trading at a premium comparatively.

Meanwhile, PXD's PEG ratio is currently 1.12. 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. PXD's industry had an average PEG ratio of 0.25 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 60, putting it in the top 24% 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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