Pioneer Natural Resources Company
Find Ratings ReportsPIONEER NATURAL RESOURCES CO's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the subsector. PIONEER NATURAL RESOURCES CO has weak liquidity. Currently, the Quick Ratio is 0.62 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.79% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 5076.0 | 5174.0 |
EBITDA ($mil) | 2417.0 | 2644.0 |
EBIT ($mil) | 1638.0 | 1984.0 |
Net Income ($mil) | 1269.0 | 1481.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 240.0 | 1032.0 |
Total Assets ($mil) | 36613.0 | 35740.0 |
Total Debt ($mil) | 5760.0 | 5786.0 |
Equity ($mil) | 23171.0 | 22541.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 50.06 | 52.96 |
EBITDA Margin | 47.61 | 51.1 |
Operating Margin | 32.27 | 38.35 |
Sales Turnover | 0.53 | 0.68 |
Return on Assets | 13.36 | 21.95 |
Return on Equity | 21.12 | 34.8 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.88 | 0.96 |
Debt/Capital | 0.2 | 0.2 |
Interest Expense | 39.0 | 28.0 |
Interest Coverage | 42.0 | 70.86 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 233.62 | 236.04 |
Div / share | 3.2 | 5.71 |
EPS | 5.28 | 5.98 |
Book value / share | 99.18 | 95.5 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2157369.0 | 3031131.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 13.78 for the Oil and Gas Extraction subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 2.53 indicates a significant discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 2.46. The price-to-sales ratio is above the S&P 500 average and well above the subsector average, indicating a premium.
Price/Earnings |
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Price/Cash Flow |
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PXD 12.38 | Peers 13.78 | PXD 6.93 | Peers 5.77 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PXD is trading at a discount to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. PXD is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PXD 12.19 | Peers 11.29 | PXD NM | Peers 8.64 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. PXD is trading at a premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. PXD's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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PXD 2.53 | Peers 2.46 | PXD -34.84 | Peers 5.25 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PXD is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PXD is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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PXD 3.02 | Peers 2.48 | PXD -20.55 | Peers -8.61 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. PXD is trading at a premium to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. PXD significantly trails its peers on the basis of sales growth. |
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