Stock Rating Downgrade
The Value Trend Rating for Pioneer Natural Resources Co (NYSE: PXD) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/1/24, Pioneer Natural Resources Co (NYSE: PXD) stock rose modestly by 0.9%, closing at $237.27. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 1.4% 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 C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Pioneer Natural Resources has a neutral Appreciation Score of 48 and a neutral Power Rating of 53, and the Neutral Value Trend Rating results.
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