Pioneer Natural Resources Company (PXD) Company Bio
Pioneer Natural Resources engages in the exploration and production of oil and gas in the United States. The company also produces and sells oil, natural gas liquids, and gas. The company was founded in 1997 and is based in Irving, Texas.
PXD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for PXD, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Pioneer Natural Resources Co ranked in the 0th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Pioneer Natural Resources Co, consider:
Its compound free cash flow growth rate, as measured over the past 0.24 years, is -0.67% -- higher than just 1.14% of stocks in our DCF forecasting set.
87% of the company's capital comes from equity, which is greater than 71.49% of stocks in our cash flow based forecasting set.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 11.31% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CLR, CVI, EXTN, GLOG, and KLXE can be thought of as valuation peers to PXD, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Oil prices have come under pressure and the US benchmark WTI crude has fallen below $40 a barrel, dimming the outlook of shale oil producers. But I think no oil producer is as well placed as Pioneer Natural Resources (PXD) to face this difficult period. With its solid hedge book...
Sarfaraz A. Khan on Seeking Alpha | September 14, 2020
This year's oil price crash decimated the oil industry. With their cash flows plunging, oil companies cut everything they could to stay afloat, including dividends. The devastation flowed all the way to the top as oil giants BP and Royal Dutch Shell both slashed their once massive payouts to preserve cash.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Pioneer Natural Resources Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.