Pioneer Natural Resources (
PXD Quick Quote PXD - Free Report) closed at $234.02 in the latest trading session, marking a -0.22% move from the prior day. This change lagged the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the independent oil and gas company had gained 7.69% over the past month. This has outpaced the Oils-Energy sector's gain of 4.6% and the S&P 500's loss of 3.79% 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 $8.55 per share. This would mark year-over-year growth of 107.02%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.93 billion, up 55.37% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $33.40 per share and revenue of $26.69 billion. These totals would mark changes of +151.89% and +82.3%, respectively, from last year.
Investors might also notice 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. 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 0.76% lower. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Pioneer Natural Resources's current valuation metrics, including its Forward P/E ratio of 7.02. This represents a premium compared to its industry's average Forward P/E of 4.98.
Investors should also note that PXD has a PEG ratio of 0.82 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 industry currently had an average PEG ratio of 0.23 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 66, putting 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.