In the latest trading session, Pioneer Natural Resources (
PXD Quick Quote PXD - Free Report) closed at $251.32, marking a +0.06% move from the previous day. This change lagged the S&P 500's 1.13% gain on the day. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 0.87%.
Heading into today, shares of the independent oil and gas company had gained 7.63% over the past month, lagging the Oils-Energy sector's gain of 8.56% and outpacing the S&P 500's gain of 2.65% in that time.
Wall Street will be looking for positivity from Pioneer Natural Resources as it approaches its next earnings report date. In that report, analysts expect Pioneer Natural Resources to post earnings of $5.79 per share. This would mark year-over-year growth of 227.12%. Meanwhile, our latest consensus estimate is calling for revenue of $5.09 billion, up 108.3% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $23.53 per share and revenue of $20.4 billion. These totals would mark changes of +77.45% and +39.28%, respectively, from last year.
Any recent changes to analyst estimates for Pioneer Natural Resources should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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. Within the past 30 days, our consensus EPS projection has moved 2.97% higher. 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 10.68. For comparison, its industry has an average Forward P/E of 6.71, which means Pioneer Natural Resources is trading at a premium to the group.
Investors should also note that PXD has a PEG ratio of 1.25 right now. 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 was holding an average PEG ratio of 0.32 at yesterday's closing price.
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 67, which puts it in the top 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.