|Bid||146.00 x 100|
|Ask||154.10 x 200|
|Day's Range||152.38 - 153.12|
|52 Week Range||140.54 - 213.40|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||19.84|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||0.32 (0.20%)|
|1y Target Est||241.76|
Pioneer Natural's (PXD) to shut operations at the sand mine in Brady by the first quarter of 2019. Also, the company will shift to 100% West Texas sand by May 2019.
Pioneer Natural Resources Company (PXD) (“Pioneer” or “the Company”) today announced that it will close its sand mine located in Brady, Texas, and transition proppant supply to West Texas sand sources. The Company expects to wind down operations during the first quarter of 2019 and transition to 100% West Texas sand by May 2019. Pioneer anticipates sand savings of approximately $400,000 per well based upon full utilization of West Texas sand.
Pioneer Natural Resources is closing a sand mine in Central Texas as the company transitions proppant supply to West Texas sand sources.
Crude oil prices have fallen back to where they were at this time last year, which is quite a tumble from their recent peaks.
The merger of Pioneer's (PXD) Pumping Services with ProPetro to create the largest and most competent pressure pumping provider in the Permian Basin.
DEEP DIVE Some investors with long-term commitments aren’t interested in a company’s performance for only one quarter. Others react, or overreact, to breathless headlines after companies surprise analysts.
Pioneer Natural Resources Company (PXD) (“Pioneer” or “the Company”) today announced that it has entered into an agreement with ProPetro Holding Corp. (PUMP) (“ProPetro”) by which ProPetro will become a strategic long-term service provider to Pioneer providing pressure pumping and related services for up to 10 years. Under the agreement, Pioneer will divest its pressure pumping assets (“PPS”) to ProPetro in exchange for total consideration of $400 million comprised of $110 million of cash and 16.6 million shares of PUMP common stock representing approximately 17% ownership in ProPetro following issuance. Timothy L. Dove, Pioneer President and CEO, stated, “We are very pleased to announce our agreement with ProPetro that provides Pioneer with dedicated capacity from the leading pressure pumping service provider in the Permian Basin.
On November 2–9, upstream stock Ultra Petroleum (UPL) gained the most on our list of upstream energy stocks. On November 8, Ultra Petroleum announced its third-quarter earnings results. The company reported an adjusted net income of $0.17 per diluted share—compared to analysts’ consensus estimates of $0.14 per share.
On November 2–9, midstream stock Western Gas Partners (WES) gained the most on our list of energy stocks. In fact, the Alerian MLP ETF (AMLP) rose 1.2%—the most among major energy subsector ETFs, which we discussed in the previous part.
Pipeline constraints have kept many smaller Permian drillers from drilling this autumn, but are expected to complete these wells early next year
NEW YORK, Nov. 09, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
With a market capitalization of US$25.3b, Pioneer Natural Resources Company (NYSE:PXD) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big Read More...
Pioneer Natural Resources (PXD) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.