Alert: New Earnings Report (11/2/23)-Pioneer Natural Resources Co (NYSE: PXD).


For its third fiscal quarter (ending September 30), Pioneer Natural Resources Co (NYSE: PXD) has reported a -33% decline in E.P.S. from $8.29 a year ago to $5.56 in the current quarter. However, this performance was $0.11 better than the consensus estimate of $5.45. For the latest four quarters through September 30, E.P.S. were $21.70 versus $29.48 for the same period a year ago — a decline of -26%.


Recent Price Action

Pioneer Natural Resources Co (NYSE: PXD) stock enjoyed a large increase of 3.4% on 11/2/23. The stock closed at $245.84. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.

Current PriceTarget Research Rating

PXD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Pioneer Natural Resources has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Pioneer Natural Resources has a good Appreciation Score of 76 and a very high Power Rating of 90, triggering the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.