Pioneer Natural Resources 2026 Outlook | Profits, Share Price & Analysis

Pioneer Natural Reso...

NYSE:PXD

$ 269,62

$0,00 (0,00%)

269,62 $

$0,00 (0,00%)

End-of-day quote: 05/03/2024

Pioneer Natural Resources Stock Value

Analysts currently see NYSE:PXD at the level of sf_Data Unavailable.

Pioneer Natural Resources Company Info

EPS Growth 5Y

26,89%

Market Cap

$62,99 B

Long-Term Debt

$4,81 B

Short Interest

2,61%

Annual earnings

N/A

Dividend

$0,00

Dividend Yield

0,00%

Founded

1997

Industry

Energy

Country

United States

ISIN Number

US7237871071

Website

http://www.pxd.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

There are currently no price targets available for this stock.

In the last five quarters, Pioneer Natural Resources’s Price Target has risen from $273,00 to $273,00 - a 0,00% increase. Seven analysts predict that Pioneer Natural Resources’s share price will fall in the coming year, reaching $0,00. This would represent a decrease of -100,00%.

Top growth stocks in the energy sector (5Y.)

What does Pioneer Natural Resources do?

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company. The company explores for, develops and produces oil, NGLs and gas in the Midland Basin in West Texas. As of December 31, 2023, the company held 960 thousand gross acres (852 thousand net acres), of which 939 thousand gross acres (837 thousand net acres) are located in the Spraberry/Wolfcamp field in the Midland Basin of West Texas. In the southern portion of the Spraberry/Wolfcamp field,...

As of December 31, 2023, the company held 960 thousand gross acres (852 thousand net acres), of which 939 thousand gross acres (837 thousand net acres) are located in the Spraberry/Wolfcamp field in the Midland Basin of West Texas. In the southern portion of the Spraberry/Wolfcamp field, the company has a joint venture (JV) with Sinochem Petroleum USA LLC, a U.S. subsidiary of the Sinochem Group, that encompasses 235 thousand gross acres.

The oil produced from the Spraberry/Wolfcamp field in the Midland Basin is West Texas Intermediate Sweet, and the gas produced is casinghead gas with an average energy content of 1,400 British thermal unit (Btu). The oil and gas are produced primarily from six formations (Spraberry, Jo Mill, Dean, Wolfcamp, Strawn and Atoka), at depths ranging from 7,500 feet to 14,000 feet.

During 2023, the company successfully completed 444 horizontal wells in the non-JV portion of the Midland Basin and 38 horizontal wells in the JV portion of the Midland Basin. In the non-JV portion of the Midland Basin, 38 percent of the horizontal wells placed on production were Spraberry interval wells, 29 percent were Wolfcamp B interval wells, 28 percent were Wolfcamp A interval wells and the remaining five percent were Wolfcamp D interval wells. In the southern JV portion of the Midland Basin, all of the wells placed on production were Wolfcamp A or B interval wells.

The company continues to complete acreage acquisitions and trades that allow the company to drill wells with longer laterals, improving the expected returns of the wells. The company estimates that acreage acquisitions and trades completed in 2023 added 2.4 million and 1.1 million lateral feet to its drilling inventory, respectively.

The company plans to operate 20 to 22 horizontal drilling rigs and five to six frac fleets in the Midland Basin in 2024. The company will continue to evaluate its drilling and completions program, with future activity levels assessed regularly based on market conditions.

Strategy

The company's strategy is anchored by its interests in the long-lived Spraberry/Wolfcamp oil field located in the Midland Basin in West Texas, which has an estimated remaining productive life in excess of 50 years.

Regulation

Various federal and state agencies, including the Texas Railroad Commission, the Bureau of Land Management (the BLM), an agency of the U.S Department of the Interior (DOI), the U.S. Environmental Protection Agency (the EPA) and the U.S. Occupational Safety and Health Administration (OSHA), have legal and regulatory authority and oversight over the company's exploration and development activities and operations.

History

Pioneer Natural Resources Company was founded in 1997. The company was incorporated in 1997.

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Pioneer Natural Resources Stock Value

Pioneer Natural Resources Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Pioneer Natural Resources do?

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Pioneer Natural Resources Stock Value

Pioneer Natural Resources Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Pioneer Natural Resources do?

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.