PXR Stock Added More than $2 Intraday; Good Time to Hold?

Pioneer Natural Resources Co (NYSE: PXR) added $2.72 in its trading price on the June 26 trading session. It opened trading at $199.35, dipping to $199.01, hitting a high of $202.96, and closed at $201.38, with an intraday trading volume of 1.332 Million.

PXR Stock price slipped more than 2.01% in a week, and 2.37% in a month. However, after analyzing the technical indicators of PXR Stock, it is easy to predict that the ongoing movement is profitable in the long-term.

The annual price target of PXR Stock is $251.64. As per TradingView data, around 232.141 million PXR Shares are free-floating, and the remaining 1.595 million are closely held either by the financial backers or the board of directors of the company.

The overall market capitalization of Pioneer Natural Resources Co (NYSE: PXR) is $47.07 billion. The revenue and profit conversion of the company constitutes 44% of gross profit, 53% of Ebitda, 42% of EBIT and 32% of net income.

In the 52-week trading sessions, PXR Stock traded highest at $274.70 and lowest at $177.27.

The majority of Pioneer Natural Resources Co’s income is generated from purchasing and selling Oil, Gas, and Sand. The company majorly conducts its operations in the United States.

Pioneer Natural Resources Co (NYSE: PXR) Earnings and Revenue

In Q1 2023, Pioneer Natural Resources Co reported 7.10% less revenue than estimated figures. The company was estimated to report $4.89 billion in revenue, but it only reported $4.54 billion.

The total revenue of Q1 2023 consisted of $1.77 billion gross profit, $1.68 billion operating income, $1.56 billion pre-tax and $1.22 billion net income. The estimated revenue for Q2 2023 is $4.85 billion, and the analysts claim that in this quarter, the company will definitely beat the estimated figures.

Since Q2 2022, Pioneer Natural Resources Co has consistently reported less revenue than estimated figures. In Q1 2023, the company’s EPS reflected a positive movement and surged 7.24%.

Over 1,000 institutions hold Pioneer Natural Resources Co shares, including Vanguard Group Inc, Blackrock Inc, State Street Corp, Capital World Investors, Geode Capital Management, LLC, JPMorgan Chase & Co, and Price T Rowe Associates Inc/ MD.

According to Crunchbase data, Pioneer Natural Resource Co has raised around $1.1 billion in two different funding rounds and has acquired the company Parsley Energy for $4.5 billion.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing