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Pioneer Natural Resources Co. Message Board

  • gary012003 gary012003 Apr 17, 2013 10:44 AM Flag

    PXD =overvalued by 40%==$70s

    Looking at its p/e, it is overvalued by over 40% compared with its peers: CLR, among others.

    Sentiment: Strong Sell

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    • Never judge a stock's appreciation potential by it's P/E. If anything, the top performing stocks have a relatively high PE.

    • I've recently been trying to understand the concept of, and calculate, shareholder yield. I calculated for PXD that the price to free cash flow of PXD for 2010 and 2011 was roughly 20, but the most recent value when the stock was at $129 was about 15. Assuming that it the price to free cash flow returns to about 20, the stock
      is headed to $172. This assumes that the price at Cushing stays around $95, and Brent stays somewhere
      in the $105-$110 range, I guess. Has anyone else out there calculated such a ratio, and if so, what have
      you concluded? Taking this idea a little further, PXD production seems to keep ramping up, so perhaps
      the price will go higher assuming oil price stay in the same range.

 
PXD
153.40+1.15(+0.76%)Jul 22 4:02 PMEDT