Last $149.91 USD
Change Today -2.79 / -1.83%
Volume 2.2M
PXD On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

pioneer natural resources co (PXD) Snapshot

Open
$151.61
Previous Close
$152.70
Day High
$151.77
Day Low
$146.87
52 Week High
07/24/14 - $234.60
52 Week Low
12/12/14 - $127.31
Market Cap
22.3B
Average Volume 10 Days
3.2M
EPS TTM
$-2.83
Shares Outstanding
148.9M
EX-Date
09/26/14
P/E TM
--
Dividend
$0.08
Dividend Yield
0.05%
Current Stock Chart for PIONEER NATURAL RESOURCES CO (PXD)

pioneer natural resources co (PXD) Related Businessweek News

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pioneer natural resources co (PXD) Details

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company primarily focuses on the Spraberry field in West Texas and the Eagle Ford Shale play in South Texas. As of December 31, 2013, it had proved undeveloped reserves and proved developed reserves of approximately 102.5 million BBLs (MMBBLs) of oil, 41.9 MMBBLs of NGLs, and 328.9 billion cubic feet of gas. The company was founded in 1997 and is headquartered in Irving, Texas.

4,203 Employees
Last Reported Date: 02/27/14
Founded in 1997

pioneer natural resources co (PXD) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $956.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $572.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $439.0K
Chief of Staff, Executive Vice President and ...
Total Annual Compensation: $392.1K
Executive Vice President of Business Developm...
Total Annual Compensation: $392.1K
Compensation as of Fiscal Year 2013.

pioneer natural resources co (PXD) Key Developments

Pioneer Natural Resources Co.(NYSE:PXD) added to S&P 500 Value Index

Pioneer Natural Resources Co.(NYSE:PXD) added to S&P 500 Value Index

Reliance, Pioneer look to Exit Gas Pipeline JV

Reliance Industries Limited (BSE:500325) and Pioneer Natural Resources Co. (NYSE:PXD) are contemplating to sell their respective share in joint venture that owns 460 miles of pipeline network for transportation of shale oil and gas. Reliance as well as Pioneer Natural Resources is seeking a buyer for their stakes in Eagle Ford Shale's midstream business. Reliance owns 49.9% stake while Pioneer Natural Resources owns remaining 50.1% share.

Pioneer Natural Resources Co. Reports Unaudited Consolidated Earnings Results and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter and Full Year of 2014; Provides Capital Expenditure Guidance for 2014; Provides Interest Expense and Tax Rate Guidance for the Fourth Quarter of 2014; Reports Impairment for the Third Quarter Ended September 30, 2014

Pioneer Natural Resources Co. reported unaudited consolidated earnings results and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues and other income of $1,513 million compared to $807 million a year ago. Income from continuing operations before income taxes were $647 million compared to $127 million a year ago. Income from continuing operations was $411 million compared to $79 million a year ago. Net income was $374 million compared to $98 million a year ago. Net income attributable to common stockholders was $374 million compared to $91 million a year ago. Diluted earnings per share from continuing operations attributable to common stockholders were $2.84 compared to $0.51 a year ago. Diluted net income attributable to common stockholders were $2.58 compared to $0.65 a year ago. Net cash provided by operating activities were $616 million compared to $668 million a year ago. EBITDAX was $693 million compared to $587 million a year ago. For the nine months, the company reported revenues and other income of $3,388 million compared to $2,699 million a year ago. Income from continuing operations before income taxes were $931 million compared to $788 million a year ago. Income from continuing operations was $612 million compared to $507 million a year ago. Net income was $499 million compared to $559 million a year ago. Net income attributable to common stockholders was $499 million compared to $529 million a year ago. Diluted earnings per share from continuing operations attributable to common stockholders were $4.23 compared to $3.44 a year ago. Diluted net income attributable to common stockholders were $3.44 compared to $3.82 a year ago. Net cash provided by operating activities were $1,798 million compared to $1,605 million a year ago. EBITDAX was $1,954 million compared to $1,620 million a year ago. The company's net debt at the end of the third quarter was $2.1 billion. For the quarter, the company reported total production of 186,077 BOE against 152,671 BOE a year ago. Oil production was 88,973 Bbls against 67,674 Bbls a year ago. Natural gas liquids were 39,819 Bbls against 31,507 Bbls a year ago. Gas produciton was 343,711 Mcf against 320,938 Mcf a year ago. For the nine months, the company reported total production of 175,929 BOE against 153,730 BOE a year ago. Oil production was 82,485 Bbls against 68,650 Bbls a year ago. Natural gas liquids were 37,319 Bbls against 29,268 Bbls a year ago. Gas produciton was 336,749 Mcf against 334,876 Mcf a year ago. The company's capital program for 2014 is forecasted at $3.4 billion (excludes acquisitions, asset retirement obligations, capitalized interest, geological and geophysical G&A and capital expenditures associated with the Alaska and Barnett Shale assets prior to their sale). It includes $3.1 billion for drilling and $0.3 billion for vertical integration and the construction of new field and office buildings. The 2014 capital budget is expected to be funded from forecasted operating cash flow of $2.4 billion, proceeds from asset divestitures and cash on hand of $550 million as of September 30, 2014. The company now expects to grow production by 18% to 19% in 2014, the upper end of full-year guidance range, and believes it can deliver consistent annual production growth of 16% to 21% through 2016 at attractive returns ranging from 40% to 80% in a $70 to $80 oil price environment. For the fourth quarter of 2014, the company expects production to average 200 MBOEPD to 205 MBOEPD. For the fourth quarter of 2014, the company expects interest expense to be $46 million to $51 million and other expense is expected to be $25 million to $35 million. The company's effective income tax rate is expected to range from 35% to 40%. Current income taxes are expected to be $1 million to $5 million and are primarily attributable to state taxes. For the third quarter ended September 30, 2014, the company reported impairment of inventory and other property and equipment of $3 million against $4 million a year ago.

 

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Price/Earnings NM Not Meaningful
Price/Sales 5.0x
Price/Book 3.1x
Price/Cash Flow 13.8x
TEV/Sales 4.5x
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