Pioneer Natural Resources Company (PXD): Today's Featured Energy Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Pioneer Natural Resources Company ( PXD) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.3%. By the end of trading, Pioneer Natural Resources Company fell $2.10 (-1.5%) to $140.15 on average volume. Throughout the day, 1,524,480 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1,612,700 shares. The stock ranged in price between $139.88-$143.39 after having opened the day at $142.48 as compared to the previous trading day's close of $142.25. Other companies within the Energy industry that declined today were: Torch Energy Royalty ( TRU), down 23.3%, GeoPetro Resources Company ( GPR), down 7.7%, Recovery Energy ( RECV), down 6.7% and New Concept Energy ( GBR), down 6.6%.
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Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States and South Africa. The company produces and sells oil, natural gas liquid (NGL), and gas. Pioneer Natural Resources Company has a market cap of $18.9 billion and is part of the basic materials sector. The company has a P/E ratio of 629.9, above the S&P 500 P/E ratio of 17.7. Shares are up 33.5% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Pioneer Natural Resources Company a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Zion Oil & Gas ( ZN), down 12.9%, Cubic Energy ( QBC), down 9.4%, Renewable Energy Group ( REGI), down 9.0% and Ivanhoe Energy ( IVAN), down 8.9% , were all gainers within the energy industry with Chevron ( CVX) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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