PXD stock: buy or sell

PXD stock price: $127.38 -3.78% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

2

PXD stock brief

  • Pioneer Natural Resources closed last Friday at $127.38 after collapsing a -3.78%.
  • Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This uptrend marked a 67.17% gain
  • Citigroup published a hold rating for Pioneer Natural Resources last Friday, with a target of $154.00
  • Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States.

Should I buy Pioneer Natural Resources stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PXD stock a buy?

Currently, Pioneer Natural Resources stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PXD in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Pioneer Natural Resources stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. As when we have to buy shares, determining when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. When selling, as well as buying, our setups are very simple to follow and are only valid for selling stocks in your porfolio, not for shorting $PXD stock

As a golden rule, you must never mantain a trade that produces losses greater than those expected at the time of the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Pioneer Natural Resources stock?

Currently, Pioneer Natural Resources stock doesn't match any of our preferred sell setups, so if you hold Pioneer Natural Resources shares and your operation is in profit probably is not time to sell now

Pioneer Natural Resources ratings

In the last month, 7 analyst ratings were published for Pioneer Natural Resources. General sentiment is bullish, with 5 out of 7 publishing optimistic outlooks

Pioneer Natural Resources analysts' ratings - Last 30 days
Brokerage firmRating
Dec 22nd, 2020
Truist NeutralStrong buy
Dec 23rd, 2020
Truist Financial NeutralStrong buy
Jan 7th, 2021
KeyCorp Buy
Jan 11th, 2021
JPMorgan Chase & Co. Neutral
Jan 14th, 2021
Barclays BuyBuy
KeyCorp Buy
Jan 15th, 2021
Citigroup Neutral

Pioneer Natural Resources stock analysis

Pioneer Natural Resources stock started an uptrend last October, and grew an amazing 67.17%. Rising highs and lows can be seen easily on a chart and how price provided very few buy points on the breakouts. Latest pullback was in mid-December, when price bounced at $107.42. Currently, the price moves in a consolidation between its last top ($138.42) and its last bottom ($107.42)

SMAs overview

PXD stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $127.63 (0.20% above)
  • R2: $128.18 (0.63% above)
  • R3: $128.69 (1.03% above)
  • The current support levels are:

  • S1: $126.65 (-0.57% below)
  • S2: $125.55 (-1.44% below)
  • S3: $125.39 (-1.56% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price has corrected downwards by 7.98%

    PXD stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for a single day (weak signal). The RSI reading last Friday was 60.41

    PXD stock RSI chart

    Pioneer Natural Resources stock price history

    Pioneer Natural Resources went public on Aug 8th, 1997 priced at $34.80 per share1. Since then, PXD stock surged by 266.03%, with an average of 11.57% per year. If you had invested thousand dollars in Pioneer Natural Resources stock at that time, it would be valued $3,660.34 today.

    1: Adjusted price after possible price splits or reverse-splits

    PXD stock price history chart

    Price target for Pioneer Natural Resources stock

    Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions posted by financial institutions in the last month. Again, these predictions are not direct recommendations for individual investors and should not be trusted blindly.

    There are 6 price forecasts posted for Pioneer Natural Resources that average $142.33. That is a 11.74% than the last price ($127.38).

    Pioneer Natural Resources stock price predictions
    Brokerage firmPrice target
    Dec 22nd, 2020
    Truist $95.00$135.00
    Dec 23rd, 2020
    Truist Financial Not available
    Jan 7th, 2021
    KeyCorp $123.00$132.00
    Jan 11th, 2021
    JPMorgan Chase & Co. $119.00$142.00
    Jan 14th, 2021
    Barclays $151.00$153.00
    KeyCorp $132.00$138.00
    Jan 15th, 2021
    Citigroup $130.00$154.00

    Earnings and financials

    Last November, Pioneer Natural Resources ($PXD) had the quarterly financial event and released the report. PXD presented earnings of $0.17 per share on sales of $922.0 million. The analysts estimate was $0.29 per share on revenue of $838.5 million.

    This compares to Earnings of $1.99 per share a year ago, so reported EPS means a reduction of -91.46%. Looking at revenues, figures dropped a -22.98% compared to $24.1B same quarter 12 months ago.

    PXD ($PXD) will host the earnings call mid next February. Market forecasts of $0.64, compared to previous quarter that was $0.17.

    Pioneer Natural Resources performance

    PXD performance compared
    Company1m3m6m
    Pioneer Natural Resources ($PXD) 8.50% 39.20% 33.60%

    Please read:
    The thoughts published in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the specific situations of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for general educational reasons only

    PXD summary

    Friday, January 15th, 2021
    Open$130.9
    Close$127.38
    Day range$126.31 - $130.96
    Previous close$132.38
    Session gain-3.78%
    Average true range$6.90
    50d mov avg$108.20
    100d mov avg$99.04
    200d mov avg$95.34
    Earnings dateFebruary 17th, 2021

    Frequently asked questions

    What is Pioneer Natural Resources stock symbol?

    Pioneer Natural Resources Company is a public company trading in the US stock market with the PXD symbol

    Is Pioneer Natural Resources stock a buy or sell?

    Pioneer Natural Resources received 7 ratings in the last 30 days: 5 bullish, 0 bearish and 2 neutral.

    Will PXD go up?

    Pioneer Natural Resources had different price forecasts published by market analysts in the last 30 days forecasting the target price to $142.33. That is a 11.74% than the last price ($127.38).