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Pioneer Natural Resources Co PXD Stock Quote

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NYSE:PXD

Morningstar‘s Stock Analysis PXD

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Pioneer Leveraging Deep Inventory Position To Boost Well Performance

Analyst Note

| Dave Meats, CFA |

We're nudging our fair value estimate to $205 per share from $203 after incorporating the Pioneer's third-quarter results. This reflects conflicting drivers. The firm's newly announced strategy to maximize well performance starting in 2023 accelerates value generation, but the benefit is offset by the impact of inflation and slight deterioration in near-term commodity prices since our last update on Aug. 3.

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Key Statistics PXD

Company Profile PXD

Business Description

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2021, Pioneer's proven reserves were 2.2 billion barrels of oil equivalent with net production for the year of 612 mboe per day. Oil and natural gas liquids represented 68% of production.

Contact
777 Hidden Ridge
Irving, TX, 75038
T +1 972 444-9001
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 1,932

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