Pioneer Natural Resources Co. (PXD:NYE) Analysts Bullish with a Strong Buy, $291 target

STA Research
by: STA Research
Pioneer Natural Resources Co.

Based on the Pioneer Natural Resources stock forecasts from 15 analysts, the average analyst PXD stock price target is USD 291.57 over the next 12 months. Pioneer Natural Resources Co’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of PXD sock forecast is Neutral, which is based on 7 positive signals and 6 negative signals. At the last closing, PXD stock price was USD 232.50PXD stock price has changed by +14.70% over the past week, +24.05% over the past month and +63.34% over the last year.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

 

What we like:

High market capitalization:

Pioneer Natural Resources stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility:

The PXD dividend has been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive cash flow:

PXD stock price has shown positive total cash flow in the most recent four quarters.

Positive free cash flow:

PXD stock price has shown positive total free cash flow in the most recent four quarters.

Superior Earnings Growth:

PXD dividend has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth:

PXD stock forecast has shown top quartile revenue growth in the previous 5 years compared to its sector.

Superior Dividend Growth:

The PXD dividend has shown top quartile growth in the previous 5 years compared to its sector

 

What we don’t like:

Poor risk adjusted returns:

Pioneer stock is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median total returns:

Pioneer Natural Resources stock has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns:

The average income yield of Pioneer Natural Resources stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings:

PXD stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis:

PXD stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity:

Pioneer stock management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

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