For its first fiscal quarter (ending March 31), Pioneer Natural Resources Co (NYSE: PXD) has reported a -10% decline in E.P.S. from $5.19 a year ago to $4.68 in the current quarter. This performance was $-1.10 short of the consensus estimate of $5.78. E.P.S. were $20.37 for the latest four quarters through March 31 versus $29.49 for the same period a year ago — a decline of -31%.
Recent Price Action
On 5/2/24, Pioneer Natural Resources Co (NYSE: PXD) stock rose modestly by 0.7%, closing at $269.62. Moreover, this advance was accompanied by exceptionally high trading volume at 249% of normal. The stock has performed in line with the market over the last nine months and has declined -2.1% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Pioneer Natural Resources has a neutral Power Rating of 41 and a slightly negative Appreciation Score of 39, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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