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Pioneer Natural Resources (PXD) Stock Sinks As Market Gains: What You Should Know
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Pioneer Natural Resources (PXD - Free Report) closed at $199.74 in the latest trading session, marking a -0.81% move from the prior day. This change lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 7.23%.
Heading into today, shares of the independent oil and gas company had lost 3.15% over the past month, lagging the Oils-Energy sector's gain of 2.12% and the S&P 500's gain of 3.08% in that time.
Pioneer Natural Resources will be looking to display strength as it nears its next earnings release. On that day, Pioneer Natural Resources is projected to report earnings of $4.66 per share, which would represent a year-over-year decline of 50.21%. Our most recent consensus estimate is calling for quarterly revenue of $4.9 billion, down 29.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $20.58 per share and revenue of $19.7 billion. These totals would mark changes of -32.68% and -18.89%, respectively, from last year.
Any recent changes to analyst estimates for Pioneer Natural Resources should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 2.32% lower within the past month. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Pioneer Natural Resources has a Forward P/E ratio of 9.79 right now. For comparison, its industry has an average Forward P/E of 7.13, which means Pioneer Natural Resources is trading at a premium to the group.
Also, we should mention that PXD has a PEG ratio of 1.14. 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 0.37 as of yesterday's close.
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 219, which puts it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Pioneer Natural Resources (PXD) Stock Sinks As Market Gains: What You Should Know
Pioneer Natural Resources (PXD - Free Report) closed at $199.74 in the latest trading session, marking a -0.81% move from the prior day. This change lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 7.23%.
Heading into today, shares of the independent oil and gas company had lost 3.15% over the past month, lagging the Oils-Energy sector's gain of 2.12% and the S&P 500's gain of 3.08% in that time.
Pioneer Natural Resources will be looking to display strength as it nears its next earnings release. On that day, Pioneer Natural Resources is projected to report earnings of $4.66 per share, which would represent a year-over-year decline of 50.21%. Our most recent consensus estimate is calling for quarterly revenue of $4.9 billion, down 29.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $20.58 per share and revenue of $19.7 billion. These totals would mark changes of -32.68% and -18.89%, respectively, from last year.
Any recent changes to analyst estimates for Pioneer Natural Resources should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 2.32% lower within the past month. Pioneer Natural Resources is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Pioneer Natural Resources has a Forward P/E ratio of 9.79 right now. For comparison, its industry has an average Forward P/E of 7.13, which means Pioneer Natural Resources is trading at a premium to the group.
Also, we should mention that PXD has a PEG ratio of 1.14. 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 0.37 as of yesterday's close.
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 219, which puts it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.