|Bid||92.42 x 900|
|Ask||91.62 x 800|
|Day's range||91.08 - 92.97|
|52-week range||48.62 - 159.01|
|Beta (5Y monthly)||1.79|
|PE ratio (TTM)||22.20|
|Earnings date||04 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||2.20 (2.37%)|
|Ex-dividend date||30 Mar 2020|
|1y target est||107.06|
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their first-quarter earnings reports.
Linde plc (LIN), Phillips 66 (PSX) and Marathon Petroleum (MPC) reported better-than-expected March quarter bottom line numbers.
Pioneer Natural Resources Announces Pricing of Upsized $1.15 Billion Convertible Senior Notes Offering
Pioneer Natural Resources Announces Cash Tender Offer for up to $500 Million Aggregate Principal Amount of Certain of Its Outstanding Debt Securities
Put simply, investors who want to bet on an oil market rebound should look elsewhere. Three better oil stock options are ConocoPhillips (NYSE: COP), EOG Resources (NYSE: EOG), and Pioneer Natural Resources (NYSE: PXD).
Fueling the rally in the oil stock was its stronger-than-expected first-quarter results as well as surging crude oil prices. Overall, its output averaged 375,000 barrels of oil equivalent per day (BOE/D), including 223,000 barrels of oil per day (BPD), which were both in the top half of its guidance range. Meanwhile, the company captured an average oil price of $45.60 per barrel during the quarter, which was only down 7.7% year over year thanks to its strong oil hedges.
Pioneer Natural Resources (PXD) delivered earnings and revenue surprises of 11.65% and -1.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Increased productions are likely to reflect on Pioneer Natural Resources' (PXD) Q1 results. However, declining average commodity price realizations are expected to have offset the positives.
Pioneer Natural Resources (PXD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Market Edge Highlights: Chesapeake Energy, Comstock Resources, Schlumberger, Pioneer Natural Resources and EOG Resources
Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced its first quarter 2020 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, May 6, 2020.
Crude prices tumbled 10% Tuesday as OPEC’s plan for deep global cuts in output ran into resistance in Texas where some drillers in the largest U.S. oil producing state balked at making more reductions than they deemed necessary. Expectations that the government will report on Wednesday large and all-round builds in crude, gasoline and distillates stockpiles for last week also weighed on prices. West Texas Intermediate, the New York-traded benchmark for U.S. crude, settled down $2.30, or 10.3%, at $20.11 per barrel.
Pioneer Natural Resources Announces Increased Derivative Coverage and Additional Oil Marketing Detail
"We’ve had opposition from Exxon (NYSE:XOM)," Sheffield told CNBC. "They prefer all the independents to go bankrupt and then pick up the scraps. We have other companies like Marathon and Ovintiv who are opposed to it because they are so financially stressed that they cannot cut production or else they go bankrupt."
Amid crashing oil prices, oil firms are rushing to cut budgets and exposure to the most prolific shale basin in the United States, the Permian