|Bid||153.32 x 800|
|Ask||157.96 x 1000|
|Day's Range||152.83 - 155.55|
|52 Week Range||119.08 - 212.91|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||23.03|
|Forward Dividend & Yield||0.48 (0.29%)|
|1y Target Est||N/A|
DEEP DIVE The earnings game on Wall Street is stacked in favor of generating positive headlines for companies as they “beat” earnings estimates. Investors have learned to take many earnings-season “surprises” with a grain of salt, but some surprises are important enough to drive analysts’ estimates significantly higher, which in turn can support higher share prices over the long term.
Chevron, facing the failure of its $30 billion bid for Anadarko, is likely to quickly pursue takeovers of oil competitors to build out its empire.
In an interview Thursday, Chief Executive Officer Mike Wirth said the company is comfortable with its current position in the Permian Basin and will only seek deals that will add value to shareholders throughout the oil-price cycle. “We have no intention to do an acquisition unless it’s exceptionally good,” he said by phone after Chevron announced it wouldn’t raise its $33 billion offer for Anadarko Petroleum Corp. to outbid Occidental Petroleum Corp. “There’s a lot of good companies in the Permian,” but Chevron can grow organically for some time, he said later in a Bloomberg Television interview. Chevron liked Anadarko in large part because of the independent oil producer’s position in the core of the Delaware Basin, a sub-section of the prolific Permian Basin in West Texas and New Mexico.
Although WTI prices are still in the low $60's per barrel, the sector has experienced a resurgence in M&A speculation thanks to Chevron's first bid for Anadarko and Occidental's later higher bid for Anadarko. While many analysts don't believe Chevron will engage in a bidding war for Anadarko perhaps due to Warren Buffett's $10 billion backing of the […]
The deal represents all of Pioneer’s remaining interests in the Eagle Ford Shale.
Anadarko announced on Monday that its board had deemed a $38 billion rival offer by Occidental Petroleum Corp. to be "superior," leaving it up to Chevron to either raise its $33 billion proposal or give up on the transaction. “Chevron was bottom fishing,” Sheffield, 66, said in a phone interview Tuesday.
Chief Executive Officer Scott Sheffield, who re-took the top job at Pioneer earlier this year following the abrupt retirement of protege Tim Dove, is shrinking spending, offloading assets and asking one-third of senior managers to retire. The company’s headcount has declined in four of the past five years and ended last year at its lowest since 2010, according to data compiled by Bloomberg.
Pioneer Natural Resources Co. touted an outstanding quarter in this morning's earnings report, but executive shakeups rattle investor confidence.
Pioneer Natural Resources said on Tuesday it has asked nearly a third of its executives to leave their jobs as the U.S. shale producer continues to trim costs and considers selling more assets. The company expects to save $100 million annually with the job cuts and a new organizational structure, Chief Executive Scott Sheffield said during an earnings call. Pioneer's stock was trading 6.8 percent lower at $145.71 around midday on Tuesday after Sheffield said he did not expect a wave of consolidation in the industry.
Pioneer Natural Resources Co NYSE:PXDView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for PXD with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PXD. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $3.22 billion over the last one-month into ETFs that hold PXD are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. PXD credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is May Ideal for Oil Bulls?(Continued from Prior Part)Changes in inventory levelsOn May 8, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A Reuters poll suggests a rise of 2.53
Pioneer Natural Resources (PXD) delivered earnings and revenue surprises of 13.66% and 11.30%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Irving, Texas-based company said it had net income of $2.06. Earnings, adjusted for non-recurring gains, came to $1.83 per share. The results beat Wall Street expectations. The ...
Pioneer Natural Resources Co. is expected to report quarterly earnings of $1.61 a share on sales of $2.2 billion after the market closes on Monday, based on a FactSet survey of 38 analysts. Quarterly estimates have risen 20.4 cents a share in the past month.
"We've got a runaway freight train of a market and I'd love to see the darned thing cool off for more than a session or two," the host said. The red-hot market will be put to the test when Uber goes public next week, CNBC's Jim Cramer said Friday. With an added 263,000 new non-farm payrolls last month and low inflation, Cramer said conditions are ideal for the Federal Reserve to maintain interest rates where they are — an encouraging note for the "Mad Money" host.
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Lower expected oil and natural gas prices are likely to hurt Pioneer Natural's (PXD) first-quarter 2019 results. However, higher projected production will likely support earnings.
Understanding the Iran Sanctions and Broader Oil Market(Continued from Prior Part)US sanctions on IranThe United States first imposed restrictions on its activities with Iran in 1979, after the seizure of the US embassy in Tehran. The United States