PXD Stock Summary and Trading Ideas (Pioneer Natural Resources Company | NYSE:PXD)

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 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

Pioneer Natural Resources Company trades on the NYSE stock market under the symbol PXD.

As of May 16, 2024, PXD stock price was flat at $269.62 with million shares trading.

PXD has a beta of 0.33, meaning it tends to be less sensitive to market movements. PXD has a correlation of 0.05 to the broad based SPY ETF.

PXD has a market cap of $62.99 billion. This is considered a Large Cap stock.

Last quarter Pioneer Natural Resources Company reported $3 billion in Revenue and $4.57 earnings per share. This fell short of revenue expectation by $-893 million and missed earnings estimates by -$.43.

In the last 3 years, PXD stock traded as high as $288.46 and as low as $133.73.

The top ETF exchange traded funds that PXD belongs to (by Net Assets): VTI, VOO, VUG, VDE, VYM.

PXD has outperformed the market in the last year with a return of +37.6%, while the SPY ETF gained +30.0%. In the last 3 month period, PXD beat the market returning +18.1%, while SPY returned +5.9%. However, in the most recent 2 weeks PXD has underperformed the stock market by returning +0.7%, while SPY returned +5.9%.

PXD support price is $266.73 and resistance is $272.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PXD stock will trade within this expected range on the day.